Document:

EX-10.6

 EXHIBIT 10.6 

AMENDED AND RESTATED ADVISORY AGREEMENT 

between 
 TRILINC ADVISORS, LLC,

 and 
 TRILINC GLOBAL IMPACT
FUND, LLC 
 February 25, 2014 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 Article 1 DEFINITIONS
	  	 	1	  
		
	 Article 2 APPOINTMENT
	  	 	3	  
		
	 Article 3 DUTIES OF THE ADVISOR
	  	 	3	  
		
	 3.01      Offering Services
	  	 	3	  
		
	 3.02      Acquisition Services
	  	 	4	  
		
	 3.03      Asset Management Services
	  	 	4	  
		
	 3.04      Accounting and Other Administrative Services
	  	 	5	  
		
	 3.05      Member Services
	  	 	6	  
		
	 3.06      Financing Services
	  	 	6	  
		
	 3.07      Disposition Services
	  	 	7	  
		
	 3.08      Other Services
	  	 	7	  
		
	 3.09      Sub-Advisors
	  	 	7	  
		
	 Article 4 AUTHORITY OF ADVISOR
	  	 	7	  
		
	 4.01      General
	  	 	7	  
		
	 4.02      Powers of the Advisor
	  	 	7	  
		
	 4.03      Approval by the Managers
	  	 	7	  
		
	 4.04      Fiduciary Obligation
	  	 	7	  
		
	 Article 5 BANK ACCOUNTS
	  	 	7	  
		
	 Article 6 RECORDS AND FINANCIAL STATEMENTS
	  	 	8	  
		
	 Article 7 LIMITATION ON ACTIVITIES
	  	 	8	  
		
	 Article 8 RELATIONSHIP WITH MANAGERS AND OFFICERS
	  	 	9	  
		
	 Article 9 FEES
	  	 	9	  
		
	 9.01      Asset Management Fees
	  	 	9	  
		
	 9.02      Subordinated Incentive Fee on Income
	  	 	9	  
		
	 9.03      Incentive Fee on Capital Gains
	  	 	9	  

					
	 Article 10 EXPENSES
	  	 	10	  
		
	 10.01    General
	  	 	10	  
		
	 10.02    Reimbursement to Advisor
	  	 	11	  
		
	 10.03    Organization and Offering Expenses
	  	 	11	  
		
	 10.04    Operating Expenses
	  	 	11	  
		
	 10.05    Limitation on Fees and Expenses
	  	 	11	  
		
	 Article 11 OTHER SERVICES
	  	 	11	  
		
	 Article 12 RELATIONSHIP OF ADVISOR AND COMPANY; OTHER ACTIVITIES AND OBLIGATIONS OF THE ADVISOR
	  	 	11	  
		
	 12.01    Relationship
	  	 	11	  
		
	 12.02    Time Commitment
	  	 	12	  
		
	 12.03    Investment Opportunities and Allocation
	  	 	12	  
		
	 12.04    Representations of the Advisor
	  	 	12	  
		
	 Article 13 THE TRILINC NAME
	  	 	12	  
		
	 Article 14 TERM AND TERMINATION OF THE AGREEMENT
	  	 	12	  
		
	 14.01    Term
	  	 	12	  
		
	 14.02    Termination by Either Party
	  	 	12	  
		
	 14.03    Termination by the Company
	  	 	13	  
		
	 14.04    Termination by the Advisor
	  	 	13	  
		
	 14.05    Payments on Termination and Survival of Certain Rights and Obligations
	  	 	13	  
		
	 Article 15 ASSIGNMENT
	  	 	13	  
		
	 Article 16 INDEMNIFICATION AND LIMITATION OF LIABILITY
	  	 	14	  
		
	 16.01    Indemnification by the Company
	  	 	14	  
		
	 16.02    Indemnification by the Advisor
	  	 	14	  
		
	 16.03    Advisor’s Liability
	  	 	14	  

  
 ii 

					
	 Article 17 MISCELLANEOUS
	  	 	15	  
		
	 17.01    Notices
	  	 	15	  
		
	 17.02    Modification
	  	 	16	  
		
	 17.03    Severability
	  	 	16	  
		
	 17.04    Construction
	  	 	16	  
		
	 17.05    Entire Agreement
	  	 	16	  
		
	 17.06    Waiver
	  	 	16	  
		
	 17.07    Gender
	  	 	16	  
		
	 17.08    Titles Not to Affect Interpretation
	  	 	16	  
		
	 17.09    Counterparts
	  	 	16	  

  
 iii 

 AMENDED AND RESTATED ADVISORY AGREEMENT 

This Amended and Restated Advisory Agreement, dated as of February 25, 2014, is between TriLinc Advisors, LLC, a Delaware limited liability
company, and TriLinc Global Impact Fund, LLC, a Delaware limited liability company (the “Agreement”). 
 W I T N E S S E T H

 WHEREAS, the Company (as hereinafter defined) desires to avail itself of the knowledge, experience, sources of information, advice,
assistance and certain facilities available to the Advisor (hereinafter defined) and to have the Advisor undertake the duties and responsibilities hereinafter set forth herein on the terms set forth in this Agreement; 

WHEREAS, the Advisor is willing to undertake to render such services on the terms and conditions hereinafter set forth; and 

WHEREAS, the Company and the Advisor wish to amend and restate the Advisory Agreement, dated as of February 25, 2013, as amended on
October 30, 2013, among the parties hereto in order to renew the arrangements for an additional year and as otherwise set forth herein. 

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained herein, the parties hereto agree as
follows: 
 ARTICLE 1 

DEFINITIONS 
 The following
defined terms used in this Amended and Restated Advisory Agreement shall have the meanings specified below: 
 “Acquisition
Expenses” has the meaning set forth in the Operating Agreement. 
 “Act” means the Delaware Limited Liability
Company Act, 6 Del. C. §§ 18-101 et. seq., as the same may be amended from time to time. All references herein to sections of the Act shall include any corresponding provisions of succeeding law. 

“Advisor” means (i) TriLinc Advisors, LLC, a Delaware limited liability company, or (ii) any successor advisor to
the Company. 
 “Affiliate” has the meaning set forth in the Operating Agreement. For the purposes of this Agreement, the
Advisor shall not be deemed to be an Affiliate of the Company, and vice versa. 
 “Board of Managers” means the Board of
Managers of the Company. 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time, or any successor
statute thereto. Reference to any provision of the Code shall mean such provision as in effect from time to time, as the same may be amended, and any successor provision thereto, as interpreted by any applicable regulations as in effect from time to
time. 
 “Company” means TriLinc Global Impact Fund, LLC, a Delaware limited liability company. 

“Front End Fees” has the meaning set forth in the Operating Agreement. 

 “GAAP” is defined in Article 6. 

“Gross Assets” is defined in Section 9.01. 

“Gross Proceeds” has the meaning set forth in the Operating Agreement. 

“Independent Manager” has the meaning set forth in the Operating Agreement. 

“Investment in Company Assets” means the amount of capital contributions actually paid or allocated to the origination or
purchase of assets by the Company (including working capital reserves allocable thereto, except that working capital reserves in excess of 3% shall not be included) and other cash payments such as interest and taxes, but excluding Front End Fees.

 “Manager” means a member of the Board of Managers of the Company. 

“Dealer Manager” means SC Distributors, LLC, a Delaware limited liability company, or such other entity selected by the Board
of Managers to act as the managing dealer for the Offering. 
 “Members” means the holders of record of Units. 

“Offering” means a public offering of Units pursuant to any Prospectus. 

“Operating Agreement” means the Amended and Restated Limited Liability Company Agreement of the Company, as amended from time
to time. 
 “Organization and Offering Expenses” has the meaning set forth in the Operating Agreement. 

“Net Assets” means the (a) cumulative proceeds generated from sales of the Company’s Units, including proceeds from
the Distribution Reinvestment Plan, net of Front End Fees and (b) reduced for (i) Distributions paid to the Company’s Members that represent return of capital and (ii) amounts paid for unit repurchases pursuant to the unit
repurchase program. 
 “Person” means an individual, corporation, partnership, estate, trust, a portion of a trust
permanently set aside for or to be used exclusively for the purposes described in Section 642(c) of the Code, association, private foundation within the meaning of Section 509(a) of the Code, joint stock company or other entity. 

“Preferred Return” is defined in Section 9.02. 

“Pre-incentive Fee Net Investment Income” means interest income, dividend income and any other income accrued during the
calendar quarter, minus the Company’s operating expenses for the quarter, including the asset management fee and operating expenses reimbursed to the Advisor. Pre-incentive fee net investment income does not include any realized capital gains,
realized capital losses or unrealized capital appreciation or depreciation. 
 “Prospectus” means the Company’s final
prospectus for any public offering within the meaning of Section 2(10) of the Securities Act of 1933, as amended. 

“Securities” means any class or series of units of or interests in the Company, including units, preferred units, special
units and any other evidences of equity or beneficial or other interests, voting trust certificates, bonds, debentures, notes or other evidences of indebtedness, secured or unsecured, convertible, subordinated or otherwise, or in general any
instruments commonly known as “securities” or any certificates of interest, shares or participations in, temporary or interim certificates for, receipts for, guarantees of, or warrants, options or rights to subscribe to, purchase or
acquire, any of the foregoing. 

  
 2 

 “Sub-Advisor” means any Person or entity that has been engaged by the Advisor, a
subsidiary of the Advisor, the Company, and/or a subsidiary of the Company to source, evaluate and monitor investments of the Company, or any subsidiary of the Company, or perform other duties of the Advisor pursuant to this Agreement and has
entered into a sub-advisory agreement with the Advisor, a subsidiary of the Advisor, the Company, and/or a subsidiary of the Company. 

“Units” means units of limited liability company interest in the Company. 

“Termination Date” means the date of termination of this Agreement. 

“TriLinc” means TriLinc Global, LLC and its Affiliates. 

ARTICLE 2
 APPOINTMENT 

The Company hereby appoints the Advisor to serve as its advisor on the terms and conditions set forth in this Agreement, and the Advisor
hereby accepts such appointment. 
 ARTICLE 3

DUTIES OF THE ADVISOR 
 The
Advisor is responsible for managing, operating, directing and supervising the operations and administration of the Company and its assets, and for overseeing the performance of the Sub-Advisors, to the fullest extent allowed by law. The Advisor
shall, either directly or by engaging an Affiliate, the Dealer Manager, the Sub-Advisors or another third party, perform the following duties: 

3.01 Offering Services. The Advisor shall manage and supervise: 

(i) Development of the product offering, including the determination of the specific terms of the Securities to be offered by the Company,
preparation of all offering and related documents, and obtaining all required regulatory approvals of such documents; 
 (ii) Along with the
Dealer Manager, approval of the participating broker dealers and negotiation of the related selling agreements; 
 (iii) Coordination of the
due diligence process relating to participating broker dealers and their review of any Prospectus and other Offering and Company documents; 

(iv) Preparation and approval of all marketing materials contemplated to be used by the Dealer Manager or others in the Offering of the
Company’s Securities; 
 (v) Along with the Dealer Manager, negotiation and coordination with the transfer agent for the receipt,
collection, processing and acceptance of subscription agreements, commissions, and other administrative support functions; 
 (vi) Creation
and implementation of various technology and electronic communications related to the Offering of the Company’s Securities; and 

(vii) All other services related to organization of the Company or the Offering, whether performed and incurred by the Advisor or its
Affiliates. 

  
 3 

 3.02 Acquisition Services. The Advisor shall (or shall retain other Persons to): 

(i) Serve as the Company’s investment and financial advisor and provide relevant market research and economic and statistical data in
connection with the assets of the Company, investment objectives and policies; 
 (ii) Subject to the investment objectives and policies of
the Company: (a) locate, analyze and select potential investments; (b) structure and negotiate the terms and conditions of transactions pursuant to which investments will be made; (c) acquire, originate and dispose of assets and other
investments on behalf of the Company (including through joint ventures); (d) arrange for financing and refinancing and make other changes in the asset or capital structure of investments in the assets and other investments of the Company;
(e) select joint venture partners and structure corresponding agreements; and (f) enter into agreements for investments of the Company; 

(iii) Provide global macro-economic forecasting, including in-depth analyses of developing economic regions and specific countries, global
trends and currency movements; 
 (iv) Provide in-depth asset class analysis, including liquidity, risk and return attributes as part of
initial and ongoing asset allocation; 
 (v) Find, due diligence and select Sub-Advisors who will be responsible for: 

 

	 	(a)	sourcing, underwriting, presenting and executing appropriate investments consistent with the Company’s investment policies and objectives; 

 

	 	(b)	managing the Company’s relationship with borrowers and other investment counterparts; and 

  

	 	(c)	managing investment documentation and monitoring investment compliance with all relevant covenants, representations and warranties; 

(vi) Originate, underwrite and analyze potential investment opportunities consistent with the Company’s investment policies and
objectives and with the Company’s investment guidelines and restrictions as described in the Prospectus or as otherwise provided to the Advisor; 

(vii) Structure and negotiate the terms and conditions of the Company’s investments; 

(viii) Make investments on the Company’s behalf based on the underwriting guidelines approved by the Board of Managers and in compliance
with the Company’s investment objectives and policies and with the Company’s investment guidelines and restrictions as described in the Prospectus or as otherwise provided to the Advisor; 

(ix) Perform borrower level and market specific due diligence on prospective investments and create due diligence reports summarizing the
results of such work; and 
 (x) Consult with the Company’s officers and the Board of Managers and provide assistance with the
evaluation and approval of potential investment dispositions and sales, including reports to the Board of Managers regarding the foregoing. 

3.03 Asset Management Services. The Advisor shall (or shall retain other Persons to): 

(i) Investigate, select, and, on behalf of the Company, engage and conduct business with such Persons as the Advisor deems necessary to the
proper performance of its obligations hereunder, including but not limited to consultants, accountants, lenders, technical advisors, attorneys, brokers, underwriters, corporate fiduciaries, escrow agents, depositaries, custodians, agents for
collection, insurers and insurance agents and any and all Persons acting in any other capacity deemed by the Advisor necessary or desirable for the performance of any of the foregoing services; 

  
 4 

 (ii) Monitor applicable markets and obtain reports (which may be prepared by the Advisor or its
Affiliates) where appropriate, concerning the value of investments of the Company; 
 (iii) Monitor and evaluate the performance of
investments of the Company; 
 (iv) Provide daily management services to the Company and perform and supervise the various management and
operational functions related to the Company’s investments; 
 (v) Supervise, monitor and evaluate the performance of Sub-Advisors and
individual investments in accordance with the Company’s investment policies and objectives; 
 (vi) Coordinate and manage relationships
between the Company and any joint venture partners; 
 (vii) Provide portfolio management functions; 

(viii) Oversee, monitor and asset manage in-place portfolio assets in each of the regions in which the Sub-Advisors operate; 

(ix) Evaluate the Company’s investments to ensure such investments meet the Company’s impact objectives and regularly monitor and
report on the economic, social and/or environmental impact of the Company’s investments; 
 (x) Enforce rights and recourse of the
Company granted pursuant to investment documents where appropriate; 
 (xi) Supervise, monitor and evaluate the performance of investments
and collateral assets; 
 (xii) Evaluate the Company’s investments to ensure such investments meet the Company’s environmental,
social and governance (ESG) criteria and regularly monitor and report on the ESG practices; and 
 (xiii) Pursue transaction modifications.

 3.04 Accounting and Other Administrative Services. The Advisor shall (or shall retain other Persons to): 

(i) Manage and perform the various administrative functions necessary for the management of the day-to-day operations of the Company; 

(ii) From time-to-time, or at any time reasonably requested by the Managers, make reports to the Managers on the Advisor’s performance of
services to the Company under this Agreement; 
 (iii) Coordinate with the Company’s independent accountants and auditors to prepare
and deliver to the Company’s audit committee an annual report covering the Advisor’s compliance with certain material aspects of this Agreement; 

(iv) Provide or arrange for administrative services and items, legal and other services, office space, office furnishings, personnel and other
overhead items necessary and incidental to the Company’s business and operations; 
 (v) Provide financial and operational planning
services; 
 (vi) Maintain accounting data and any other information concerning the activities of the Company as shall be needed to prepare
and file all periodic financial reports and returns required to be filed by the Company with the Securities and Exchange Commission and any other regulatory agency, including annual financial statements; 

  
 5 

 (vii) Maintain all appropriate books and records of the Company; 

(viii) Oversee tax and compliance services and risk management services and coordinate with appropriate third parties, including independent
accountants and other consultants, on related tax matters; 
 (ix) Supervise the performance of such ministerial and administrative
functions as may be necessary in connection with the daily operations of the Company; 
 (x) Provide the Company with all necessary cash
management services; 
 (xi) Manage and coordinate with the transfer agent regarding the distribution process and payments to Members; 

(xii) Consult with the officers and Managers of the Company and assist in evaluating and obtaining adequate insurance coverage based upon risk
management determinations; 
 (xiii) Assist in the administration of distribution reinvestment plans, transfers, redemptions, and all
exception requests; 
 (xiv) Provide the officers and Managers with timely updates related to the overall regulatory environment affecting
the Company, as well as managing compliance with such matters, including but not limited to compliance with the Sarbanes-Oxley Act of 2002; 

(xv) Consult with the officers and the Board of Managers relating to the corporate governance structure and appropriate policies and
procedures related thereto; and 
 (xvi) Oversee all reporting, record keeping, internal controls and similar matters in a manner to allow
the Company to comply with applicable law including the Sarbanes-Oxley Act. 
 3.05 Member Services. The Advisor shall (or shall
retain other Persons to): 
 (i) Manage communications with the Members, including answering phone calls, preparing and sending written and
electronic reports, providing recommendations for marketing materials and other communications; 
 (ii) Assist in public relations
activities relating to the Company including, but not limited to, the development and administration of press releases, media relations, media coverage and by-lined articles and the development of websites to provide access for investors to
financial reporting, financial advisor access to sales materials, and general information relating to the Company, such as government filings and informational presentations; and 

(iii) Establish technology infrastructure to assist in providing Member support and service. 

3.06 Financing Services. The Advisor shall (or shall retain other Persons to): 

(i) Identify and evaluate potential financing and refinancing sources, engaging a third-party broker if necessary; 

(ii) Negotiate terms, arrange and execute financing agreements; 

(iii) Manage relationships between the Company and its lenders; and 

(iv) Monitor and oversee the service of the Company’s debt facilities and other financings. 

  
 6 

 3.07 Disposition Services. The Advisor shall (or shall retain other Persons to): 

(i) Consult with the Board of Managers and provide assistance with the evaluation and approval of potential asset dispositions, sales or other
liquidity events and reinvestment of returned capital; and 
 (ii) Structure and negotiate the terms and conditions of transactions pursuant
to which investments may be sold. 
 3.08 Other Services. The Advisor shall perform any other services reasonably requested by the
Company. 
 3.09 Sub-Advisors. The Advisor shall be responsible, either directly or through its Affiliates, for overseeing any
Sub-Advisors it retains, either directly or through its Affiliates, and for paying all fees and other compensation of such Sub-Advisors. 

ARTICLE 4 
 AUTHORITY OF ADVISOR

 4.01 General. All rights and powers to manage and control the day-to-day business and affairs of the Company shall be vested
in the Advisor to the fullest extent allowed by law. The Advisor shall have the power to delegate all or any part of its rights and powers to manage and control the business and affairs of the Company to such officers, employees, Affiliates, agents
and representatives of the Advisor or the Company or third parties, including the Sub-Advisors and the Dealer Manager, as it may from time to time deem appropriate. Any authority delegated by the Advisor to any other Person shall be subject to
applicable law and the limitations on the rights and powers of the Advisor specifically set forth in this Agreement or the Operating Agreement. 

4.02 Powers of the Advisor. Subject to the express limitations set forth in this Agreement, and to the right of the Advisor to delegate
its responsibilities pursuant to Section 4.01, the power to direct the management, operation and policies of the Company shall to the fullest extent allowed by law be vested in the Advisor, which shall have the power by itself and shall be
authorized and empowered on behalf and in the name of the Company to carry out any and all of the objectives and purposes of the Company and to perform all acts and enter into and perform all contracts and other undertakings that it may in its sole
discretion deem necessary, advisable or incidental thereto to perform its obligations under this Agreement. 
 4.03 Approval by the
Managers. Notwithstanding the foregoing, the Advisor may not take any action on behalf of the Company without the prior approval of the Board of Managers or duly authorized committees thereof if the Operating Agreement or the Act require the
prior approval of the Board of Managers. The prior approval of the Conflicts Committee of the Board of Managers shall be required for each transaction between the Company and the Advisor or its Affiliates. 

4.04 Fiduciary Obligation. The Advisor has a fiduciary responsibility to the Company and to the Members. 

ARTICLE 5 
 BANK ACCOUNTS

 The Advisor will maintain one or more bank accounts in the name of the Company and will collect and deposit into any such account or
accounts, and disburse from any such account or accounts, any money on behalf of the Company. Notwithstanding the foregoing, no funds shall be commingled with the funds of the Advisor. 

  
 7 

 ARTICLE 6 

RECORDS AND FINANCIAL STATEMENTS 

The Advisor, in the conduct of its responsibilities to the Company, shall maintain adequate and separate books and records for the
Company’s operations in accordance with United States generally accepted accounting principles (“GAAP”), which shall be supported by sufficient documentation to ascertain that such books and records are properly and accurately
recorded. Such books and records shall be the property of the Company and shall be available for inspection by the Board of Managers and by counsel, auditors and other authorized agents of the Company, at any time or from time to time during normal
business hours. Such books and records shall include all information necessary to calculate and audit the fees or reimbursements paid under this Agreement. The Advisor shall utilize procedures to attempt to ensure such control over accounting and
financial transactions as is reasonably required to protect the Company’s assets from theft, error or fraudulent activity. All financial statements that the Advisor delivers to the Company shall be prepared on an accrual basis in accordance
with GAAP, except for special financial reports which by their nature require a deviation from GAAP. The Advisor shall maintain necessary liaison with the Company’s independent accountants and shall provide such accountants with such reports
and other information as the Company shall request. 
 ARTICLE 7

LIMITATION ON ACTIVITIES 

Notwithstanding any provision in this Agreement to the contrary, the Advisor shall not take any action which, in its sole judgment made in
good faith, would (i) jeopardize the Company’s status as a “partnership” for federal income tax purposes or would result in the Company being classified as a “publicly traded partnership” within the meaning of
Section 7704(b) of the Code or any rules, regulations or safe-harbor guidelines promulgated thereunder, (ii) subject the Company to regulation under the Investment Company Act of 1940, as amended, (iii) violate any law, rule or
regulation of any governmental body or agency having jurisdiction over the Company or its Securities, or (iv) violate the Operating Agreement. In the event an action would violate any of (i) through (iv) of the preceding sentence but
such action has been ordered by the Board of Managers acting on behalf of the Company, the Advisor shall notify the Board of Managers of the Advisor’s judgment of the potential impact of such action and shall refrain from taking such action
until it receives further clarification or instructions from the Board of Managers. In such event the Advisor shall, to the fullest extent allowed by law, have no liability for acting in accordance with the specific instructions of the Board of
Managers so given. Notwithstanding the foregoing, none of the Advisor, its Affiliates, the Sub-Advisors and none of their managers, directors, officers, employees and equityholders, shall be liable to the Company, the Board of Managers or the
Members for any act or omission by such Persons or individuals, except as provided in this Agreement. THE PARTIES HERETO INTEND THAT THE LIMITATION OF LIABILITY SET FORTH IN THIS SECTION BE CONSTRUED AND APPLIED AS WRITTEN NOTWITHSTANDING ANY
RULE OF CONSTRUCTION TO THE CONTRARY. WITHOUT LIMITING THE FOREGOING, THE LIMITATION OF LIABILITY SHALL, TO THE FULLEST EXTENT ALLOWED BY LAW, APPLY NOTWITHSTANDING ANY STATE’S “EXPRESS NEGLIGENCE RULE” OR SIMILAR RULE THAT WOULD DENY
COVERAGE BASED ON A PERSON’S SOLE, CONCURRENT OR CONTRIBUTORY ACTIVE OR PASSIVE NEGLIGENCE, GROSS NEGLIGENCE OR STRICT LIABILITY. IT IS THE INTENT OF THE PARTIES THAT, TO THE EXTENT PROVIDED IN THIS SECTION, THE LIMITATION OF LIABILITY SET
FORTH HEREIN SHALL, TO THE FULLEST EXTENT ALLOWED BY LAW, APPLY TO A PERSON’S SOLE, CONCURRENT OR CONTRIBUTORY ACTIVE OR PASSIVE NEGLIGENCE, GROSS NEGLIGENCE OR STRICT LIABILITY. THE PARTIES AGREE THAT THIS PROVISION IS “CONSPICUOUS”
FOR PURPOSES OF ALL STATE LAWS. 

  
 8 

 ARTICLE 8

RELATIONSHIP WITH MANAGERS AND OFFICERS 

Managers, directors, officers and employees of the Advisor or any direct or indirect Affiliate of the Advisor may serve as Managers, and as
officers of the Company, except that no manager, director, officer or employee of the Advisor or any of its Affiliates who also is a Manager or officer of the Company shall receive any compensation from the Company for serving as a Manager or
officer other than reasonable reimbursement for travel and related expenses incurred in attending meetings of the Board of Managers. 

ARTICLE 9
 FEES 

9.01 Asset Management Fees. The Company shall pay the Advisor in cash, as compensation for services including those described in
Article 3, an asset management fee in accordance with this Section 9.01, as well as reimburse the Advisor for all expenses incurred by the Advisor in connection with such services as required by Article 10. The asset management fee shall be
calculated quarterly at an annual rate of 2.00% of the Company’s Gross Assets and shall be payable quarterly in arrears within 45 days after the end of each of the first three calendar quarters of each fiscal year (or partial calendar quarter),
and within 60 days after the end of the final calendar quarter of each fiscal year (or partial calendar quarter), during the term of this Agreement. For purposes of calculating the asset management fee, the term “Gross Assets” means the
total net fair value of the Company’s assets at the end of the quarter, other than intangibles and after the deduction of associated allowances and reserves, as determined by the Advisor in its sole discretion. Asset management fees for any
partial quarter will be appropriately prorated. 
 9.02 Subordinated Incentive Fee on Income. The Company shall pay the Advisor in
cash, as compensation for services including those described in Article 3, a subordinated incentive fee on income in accordance with this Section 9.02, as well as to reimburse the Advisor for all expenses incurred by the Advisor in connection
with such services as required by Article 10. The subordinated incentive fee on income is calculated quarterly in arrears based upon Pre-incentive Fee Net Investment Income for the immediately preceding quarter, and shall be subordinated to a
preferred return on Net Assets at the end of the immediately preceding quarter equal to 1.50% per quarter (an annualized rate of 6.00%). No subordinated incentive fee on income shall be payable in any calendar quarter in which Pre-incentive Fee
Net Investment Income does not exceed the preferred quarterly return of 1.50% (the “Preferred Return”), on Net Assets at the end of the immediately preceding quarter. For any calendar quarter in which pre-incentive fee net
investment income is greater than the Preferred Return, but less than 1.875% (the “Hurdle”), the subordinated incentive fee on income shall equal the amount of Pre-incentive Fee Net Investment Income in excess of the Preferred
Return. For any calendar quarter in which the Pre-incentive Fee Net Investment Income exceeds the Hurdle at the end of the immediately preceding quarter, the subordinated incentive fee on income shall equal 20% of Pre-incentive Fee Net Investment
Income. The subordinated incentive fee on income shall be payable quarterly in arrears within 45 days after the end of each of the first three calendar quarters of each fiscal year (or partial calendar quarter), and within 60 days after the end of
the final calendar quarter of each fiscal year (or partial calendar quarter), during the term of this Agreement. 
 9.03 Incentive Fee on
Capital Gains. The Company shall pay the Advisor in cash, as compensation for services including those described in Article 3, an incentive fee on capital gains in accordance with this Section 9.03, as well as to reimburse the Advisor for
all expenses incurred by the Advisor in connection with such services as required by Article 10. An incentive fee on capital gains earned on the Company’s investments shall be determined in arrears as of the end of each calendar year (or upon
termination of this Agreement) and shall equal 20% of the Company’s incentive fee capital gains, which will equal the Company’s realized capital gains on a cumulative basis from inception, calculated as of the end of each calendar year,
computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis, less the aggregate amount of any previously paid capital gains incentive fees. The incentive fee on capital gains shall be payable annually in
arrears within 60 days after the end of each calendar year (or partial calendar year) during the term of this Agreement. 

  
 9 

 ARTICLE 10

EXPENSES 
 10.01
General. In addition to the compensation paid to the Advisor pursuant to Article 9 hereof, the Company shall pay directly or reimburse the Advisor for all of the expenses paid or incurred by the Advisor or Affiliates in connection with the
services provided to the Company pursuant to this Agreement, including, but not limited to: 
 (i) Acquisition Expenses incurred in
connection with the selection and acquisition of assets including such expenses incurred related to assets pursued or considered but not ultimately acquired by the Company; 

(ii) the actual out-of-pocket cost of goods and services used by the Company and obtained from entities not Affiliated with the Advisor,
including brokerage fees paid in connection with the purchase and sale of assets; 
 (iii) taxes and assessments on income or Assets and
taxes as an expense of doing business and any other taxes otherwise imposed on the Company and its business or income; 
 (iv) out-of-pocket
costs associated with insurance required in connection with the business of the Company or by its officers and the Managers; 
 (v) all
out-of-pocket expenses in connection with meetings of the Board of Managers and Members; 
 (vi) personnel and related employment direct
costs incurred by the Advisor or Affiliates (a) in performing the services described in Section 3.04 and in providing professional services for the Company in-house, including legal services, tax services, internal audit services,
technology-related services and services in connection with compliance with the Sarbanes-Oxley Act of 2002, or (b) as otherwise approved by Independent Managers, including but not limited to salary, benefits, burdens and overhead of all
employees directly involved in the performance of such services, plus all out-of-pocket costs incurred; 
 (vii) out-of-pocket expenses of
maintaining communications with Members, including the cost of preparation, printing, and mailing annual reports and other Member reports, proxy statements and other reports required by governmental entities; 

(viii) audit, accounting and legal fees, and other fees for professional services relating to the operations of the Company and all such fees
incurred at the request, or on behalf of, the Independent Managers or any committee of the Board of Managers; 
 (ix) out-of-pocket costs
for the Company to comply with all applicable laws, regulation and ordinances; 
 (x) all other out-of-pocket costs incurred by the Advisor
in performing its duties hereunder; and 
 (xi) all other out-of-pocket costs necessary for the operation of the Company and its assets.

 The Company shall also reimburse the Advisor or Affiliates of the Advisor for all expenses incurred on behalf of the Company prior to the
execution of this Agreement. Notwithstanding anything to the contrary herein, the Company shall not reimburse the Advisor for (i) rent or depreciation, capital equipment or other costs of its own administrative items, (ii) salaries, fringe
benefits, travel expenses and other administrative items incurred or allocated to any controlling person of the Advisor or (iii) the salaries and benefits paid to the Company’s named executive officers. For purposes of this
Section 10.01, “controlling person” means persons with responsibilities similar to those of an executive, or a member of the Board of Managers, or any person who holds more than 10% of the Advisor’s equity securities or who has
the power to control the Advisor. 

  
 10 

 10.02 Reimbursement to Advisor. Expenses incurred by the Advisor on behalf of the Company
and payable pursuant to this Section 10 shall be reimbursed to the Advisor within 10 days after the Advisor provides the Company with an invoice and/or supporting documentation relating to such reimbursement. 

10.03 Organization and Offering Expenses. The Company shall reimburse the Advisor and its Affiliates for Organization and Offering
Expenses it may incur on the Company’s behalf but only to the extent that the reimbursement would not cause the selling commissions, the Dealer Manager fees and the other Organization and Offering Expenses borne by the Company to exceed 15.0%
of Gross Proceeds of each Offering as of the date of the reimbursement. The total amount of all Organization and Offering Expenses shall be reasonable and shall be included in Front End Fees for purposes of the limit on such Front End Fees set forth
in Section 10.05. 
 10.04 Operating Expenses. The Company shall reimburse the expenses incurred by the Advisor or its
Affiliates in connection with providing administrative and other operational services under Sections 3.02 through 3.08. 
 10.05
Limitation on Fees and Expenses. All Front End Fees shall be reasonable and shall not exceed 18% of the Gross Proceeds of any offering, regardless of the source of payment. The percentage of Gross Proceeds of any offering committed to
Investment in Company Assets shall be at least 82%. All items of compensation to underwriters or dealers, including, but not limited to, selling commissions, expenses, rights of first refusal, consulting fees, finders’ fees and all other items
of compensation of any kind or description paid by the Company, directly or indirectly, shall be taken into consideration in computing the amount of allowable Front End Fees. 

ARTICLE 11
 OTHER SERVICES

 Should (i) the Company request that the Advisor or any manager, officer or employee thereof render services for the Company
other than as set forth in this Agreement or (ii) there are changes to the regulatory environment in which the Advisor or Company operates that would increase significantly the level of services performed such that the costs and expenses borne
by the Advisor for which the Advisor is not entitled to separate reimbursement for personnel and related employment direct costs and overhead under Article 10 of this Agreement would increase significantly, such services shall be separately
compensated at such rates and in such amounts as are agreed by the Advisor and the Independent Managers, subject to the limitations contained in the Operating Agreement, and shall be deemed to be “other services” pursuant to the terms of
this Agreement. 
 ARTICLE 12

RELATIONSHIP OF ADVISOR AND COMPANY; OTHER ACTIVITIES AND OBLIGATIONS OF THE ADVISOR 

12.01 Relationship. To the fullest extent allowed by law, the Company and the Advisor are not partners or joint venturers with each
other, and nothing in this Agreement shall be construed to make them such partners or joint venturers. Nothing herein contained shall prevent the Advisor from engaging in other activities, including, without limitation, the rendering of advice to
other Persons and the management of other programs advised, sponsored or organized by the Advisor or its Affiliates. Nor shall this Agreement limit or restrict the right of any manager, director, officer, employee, or equityholder of the Advisor or
its Affiliates to engage in any other business or to render services of any kind to any other Person. The Advisor may, with respect to any investment in which the Company is a participant, also render advice and service to each and every other
participant therein. The Advisor shall promptly disclose to the Board of Managers the existence of any condition or circumstance, existing or anticipated, of which it has knowledge, which creates or could create a conflict of interest between the
Advisor’s obligations to the Company and its obligations to or its interest in any other Person. 

  
 11 

 12.02 Time Commitment. The Advisor shall, and shall cause its Affiliates and their
respective employees, officers and agents to, devote to the Company such time as shall be reasonably necessary to conduct the business and affairs of the Company in an appropriate manner consistent with the terms of this Agreement. The Company
acknowledges that the Advisor and other Affiliates of TriLinc and their respective employees, officers and agents may also engage in activities unrelated to the Company and may provide services to Persons other than the Company or any of its
Affiliates. 
 12.03 Investment Opportunities and Allocation. The Advisor shall be required to use commercially reasonable efforts to
present a continuing and suitable investment program to the Company which is consistent with the investment policies and objectives of the Company, but neither the Advisor nor any Affiliate of the Advisor shall be obligated generally to present any
particular investment opportunity to the Company even if the opportunity is of character which, if presented to the Company, could be taken by the Company. In the event an investment opportunity is located, the allocation procedure set forth under
the caption “Conflicts of Interest —Allocation of Investment Opportunities” in any Prospectus (as may be amended from time to time) shall govern the allocation of the opportunity among the Company and Affiliates of the Advisor.

 12.04 Representations of the Advisor. The Advisor represents to the Company that it will obtain any necessary licenses, permits or
registrations to perform its obligations hereunder. 
 ARTICLE 13

THE TRILINC NAME 
 TriLinc
and its Affiliates have a proprietary interest in the name “TriLinc”. TriLinc hereby grants to the Company a non-transferable, non-assignable, non-exclusive royalty-free right and license to use the name “TriLinc” during the term
of this Agreement. Accordingly, and in recognition of this right, if at any time the Company ceases to retain TriLinc or an Affiliate thereof to perform the services of Advisor, the Company will, promptly after receipt of written request from
TriLinc, cease to conduct business under or use the name “TriLinc” or any derivative thereof and the Company shall change the name of the Company to a name that does not contain the name “TriLinc” or any other word or words that
might, in the reasonable discretion of TriLinc, be susceptible of indication of some form of relationship between the Company and TriLinc or any Affiliate thereof. At such time, the Company will also make any changes to any trademarks, servicemarks
or other marks necessary to remove any references to the word “TriLinc”. Consistent with the foregoing, it is specifically recognized that TriLinc or one or more of its Affiliates has in the past and may in the future organize, sponsor or
otherwise permit to exist other investment vehicles and financial and service organizations having “TriLinc” as a part of their name, all without the need for any consent (and without the right to object thereto) by the Company. 

ARTICLE 14
 TERM AND TERMINATION
OF THE AGREEMENT 
 14.01 Term. This Agreement shall have an initial term of one year from the date of the Agreement. This
Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. Any such renewal must be approved by a majority of the Independent Managers. The Company (through the Independent Managers) will
evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year. 

14.02 Termination by Either Party. This Agreement may be terminated upon 120 days’ written notice without cause or penalty by
either party. If the Advisor fails to give such notice, the withdrawing Advisor shall pay all expenses incurred as a result of its withdrawal. 

  
 12 

 14.03 Termination by the Company. This Agreement may be terminated immediately by the
Company upon (i) any fraudulent conduct, criminal conduct, willful misconduct or the negligent breach of fiduciary duty of or by the Advisor, (ii) a material breach of this Agreement by the Advisor not cured within 30 days after the
Advisor receives written notice of such breach, or (iii) an event of the bankruptcy of the Advisor or commencement of any bankruptcy or similar insolvency proceedings of the Advisor. 

14.04 Termination by the Advisor. This Agreement may be terminated immediately by the Advisor in the event of (i) the bankruptcy
of the Company or commencement of any bankruptcy or similar insolvency proceedings of the Company, or (ii) any material breach of this Agreement by the Company not cured by the Company within 30 days after written notice thereof. 

14.05 Payments on Termination and Survival of Certain Rights and Obligations. 

(i) After the Termination Date, the Advisor shall not be entitled to compensation for further services hereunder except it shall be entitled
to receive from the Company within 30 days after the effective date of such termination all unpaid reimbursements of expenses and all earned but unpaid fees payable to the Advisor prior to termination of this Agreement. 

(ii) The Advisor shall promptly upon termination: 

(a) pay over to the Company all money collected pursuant to this Agreement, if any, after deducting any accrued compensation and reimbursement
for its expenses to which it is then entitled; 
 (b) deliver to the Managers a full accounting, including a statement showing all payments
collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Managers; 

(c) deliver to the Managers all assets and documents of the Company then in the custody of the Advisor; and 

(d) cooperate with the Company to provide an orderly transition of advisory functions. 

Upon the expiration or termination of this Agreement, neither party shall have any further rights or obligations under this Agreement, except
that Articles 13, 14, 16 and 17 shall survive the termination or expiration of this Agreement. 
 14.06 Other Matters. Upon
termination of this Agreement, the Company may terminate the Advisor’s interest in the Company’s revenues, expenses, income, losses, distributions and capital by payment of an amount equal to the then present fair market value of the
terminated Advisor’s interest, determined by agreement of the terminated Advisor and the Company. If the Company and the Advisor cannot agree upon such amount, then such amount will be determined in accordance with the then current rules of the
American Arbitration Association. The expenses of such arbitration shall be borne equally by the terminated Advisor and the Company. 

ARTICLE 15 
 ASSIGNMENT 

This Agreement shall not be assigned by the Advisor without the consent of the Company, which consent shall be approved by a majority of the
Independent Managers, provided that (a) the Advisor may assign any rights to receive fees or other payments under this Agreement without obtaining the approval of the Company, and (b) the Advisor may assign or delegate any or all of
its other rights or obligations to any subsidiary of the 

  
 13 

 
Advisor, without obtaining the approval of the Company, if such assignment or delegation does not constitute an “assignment” within the meaning of the Investment Advisers Act of 1940.
This Agreement shall not be assigned by the Company without the consent of the Advisor. 
 ARTICLE 16

INDEMNIFICATION AND LIMITATION OF LIABILITY 

16.01 Indemnification by the Company. The Company shall indemnify and hold harmless the Advisor and its Affiliates, including their
respective managers, officers, directors, partners and employees, from all liability, claims, damages or losses arising in the performance of their duties hereunder, and related expenses, including reasonable attorneys’ fees, to the extent such
liability, claims, damages or losses and related expenses are not fully reimbursed by insurance, subject to any limitations imposed by the laws of the State of Delaware and the Operating Agreement, provided that: (i) the Advisor and its
Affiliates, as applicable, have determined that the course of conduct which caused the loss or liability was in the best interests of the Company, (ii) the Advisor and its Affiliates, as applicable, were acting on behalf of or performing
services for the Company, (iii) the indemnified claim was not the result of negligence, misconduct, or fraud of the indemnified person or resulted from a breach of the agreement by the Advisor and (iv) in the event the loss, liability or
expense arises from or out of an alleged violation of federal or state securities laws by the Advisor or its Affiliates, the conditions set forth in at least one of clauses (i), (ii) or (iii) of Section 17.2(b) of the Operating
Agreement must be satisfied (deeming, for purposes of this Agreement, that the Advisor and its Affiliates are each an “Indemnitee” as such term is used in such clauses) for the Company to provide such indemnification. Any indemnification
of the Advisor or its Affiliates may be made only out of the assets of the Company and not from the Members. 
 16.02 Indemnification by
the Advisor. The Advisor shall indemnify and hold harmless the Company from contract or other liability, claims, damages, taxes or losses and related expenses, including attorneys’ fees, to the extent that such liability, claims, damages,
taxes or losses and related expenses are not fully reimbursed by insurance and are incurred by reason of the Advisor’s or any Sub-Advisor’s bad faith, fraud, willful misconduct or reckless disregard of its duties, but the Advisor shall not
be held responsible for any action of the Board of Managers in following or declining to follow any of the Advisor’s advice or recommendation. THE PARTIES HERETO INTEND THAT THE INDEMNITIES SET FORTH IN THIS AGREEMENT BE CONSTRUED AND
APPLIED AS WRITTEN NOTWITHSTANDING ANY RULE OF CONSTRUCTION TO THE CONTRARY. WITHOUT LIMITING THE FOREGOING, THE INDEMNITIES SHALL, TO THE FULLEST EXTENT ALLOWED BY LAW, AND TO THE EXTENT PROVIDED IN THIS AGREEMENT, APPLY NOTWITHSTANDING ANY
STATE’S “EXPRESS NEGLIGENCE RULE” OR SIMILAR RULE THAT WOULD DENY COVERAGE BASED ON AN INDEMNIFIED PERSON’S SOLE, CONCURRENT OR CONTRIBUTORY ACTIVE OR PASSIVE NEGLIGENCE OR STRICT LIABILITY OR GROSS NEGLIGENCE. IT IS THE INTENT
OF THE PARTIES THAT, TO THE EXTENT PROVIDED IN THIS AGREEMENT, THE INDEMNITIES SET FORTH HEREIN SHALL, TO THE FULLEST EXTENT ALLOWED BY LAW, APPLY TO AN INDEMNIFIED PERSON’S SOLE, CONCURRENT OR CONTRIBUTORY ACTIVE OR PASSIVE NEGLIGENCE OR
STRICT LIABILITY OR GROSS NEGLIGENCE. THE PARTIES AGREE THAT THIS PROVISION IS “CONSPICUOUS” FOR PURPOSES OF ALL STATE LAWS. 

16.03 Advisor’s Liability 

(i) Notwithstanding any other provisions of this Agreement, in no event shall the Company make any claim against Advisor or its Affiliates on
account of any good faith interpretation by Advisor of the provisions of this Agreement (even if such interpretation is later determined to be a breach of this Agreement) or any alleged errors in judgment made in good faith and in accordance with
this Agreement in connection with the operations of the Company hereunder by Advisor or the performance of any advisory or technical services provided by or arranged by the Advisor. The provisions of this Section 16.03(i) shall not be deemed to
release Advisor from liability for its gross negligence. 

  
 14 

 (ii) The Company shall not object to any expenditure made by the Advisor in good faith in the
course of its performance of its obligations under this Agreement or in settlement of any claim arising out of the operation of the Company unless such expenditure is specifically prohibited by this Agreement. The provisions of this
Section 16.03(ii) shall not be deemed to release Advisor from liability for its gross negligence. 
 (iii) IN NO EVENT WILL EITHER
PARTY BE LIABLE FOR DAMAGES BASED ON LOSS OF INCOME, PROFIT OR SAVINGS OR INDIRECT, INCIDENTAL, CONSEQUENTIAL, EXEMPLARY, PUNITIVE OR SPECIAL DAMAGES OF THE OTHER PARTY OR PERSON, INCLUDING THIRD PARTIES, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE
POSSIBILITY OF SUCH DAMAGES IN ADVANCE, AND ALL SUCH DAMAGES ARE EXPRESSLY DISCLAIMED. 
 (iv) THE PARTIES HERETO INTEND THAT THE
RELEASE FROM LIABILITY SET FORTH IN SECTION 16.03 BE CONSTRUED AND APPLIED AS WRITTEN NOTWITHSTANDING ANY RULE OF CONSTRUCTION TO THE CONTRARY. WITHOUT LIMITING THE FOREGOING, THE RELEASE FROM LIABILITY SHALL, TO THE FULLEST EXTENT ALLOWED BY LAW,
APPLY NOTWITHSTANDING ANY STATE’S “EXPRESS NEGLIGENCE RULE” OR SIMILAR RULE THAT WOULD DENY COVERAGE BASED ON A PERSON’S SOLE, CONCURRENT OR CONTRIBUTORY ACTIVE OR PASSIVE NEGLIGENCE OR STRICT LIABILITY. IT IS THE INTENT OF THE
PARTIES THAT, TO THE EXTENT PROVIDED IN SECTION 16.03, THE RELEASE FROM LIABILITY SET FORTH HEREIN SHALL, TO THE FULLEST EXTENT ALLOWED BY LAW, APPLY TO A RELEASED PERSON’S SOLE, CONCURRENT OR CONTRIBUTORY ACTIVE OR PASSIVE NEGLIGENCE OR STRICT
LIABILITY. THE PARTIES AGREE THAT THIS PROVISION IS “CONSPICUOUS” FOR PURPOSES OF ALL STATE LAWS. 
 (v) NOTWITHSTANDING
THE FOREGOING, NOTHING CONTAINED IN THIS ARTICLE 16 OR ELSEWHERE IN THIS AGREEMENT SHALL CONSTITUTE A WAIVER BY THE COMPANY OF ANY OF ITS LEGAL RIGHTS UNDER APPLICABLE U.S. FEDERAL SECURITIES LAWS, OR ANY OTHER APPLICABLE LAWS, WHOSE APPLICABILITY
IS LEGALLY PROHIBITED FROM BEING CONTRACTUALLY WAIVED. 
 ARTICLE 17 

MISCELLANEOUS 
 17.01
Notices. Any notice, report or other communication required or permitted to be given hereunder shall be in writing unless some other method of giving such notice, report or other communication is required by the Operating Agreement, or
accepted by the party to whom it is given, and shall be given by being delivered by hand or by overnight mail or other overnight delivery service to the addresses set forth herein: 

To the Company or the Managers: 

TriLinc Global Impact Fund, LLC 

1230 Rosecrans Ave, Suite 605, 

Manhattan Beach, California 90266 

Attention: Brent L. VanNorman 

To the Advisor: 
 TriLinc
Advisors, LLC 
 1230 Rosecrans Ave, Suite 605, 

Manhattan Beach, California 90266 

Attention: Gloria S. Nelund 

Either party may at any time give notice in writing to the other party of a change in its address for the purposes of this Section 17.01.

  
 15 

 17.02 Modification. This Agreement shall not be changed, modified, terminated, or
discharged, in whole or in part, except by an instrument in writing signed by all parties hereto, or their respective successors or assignees. 

17.03 Severability. The provisions of this Agreement are independent of and severable from each other, and no provision shall be
affected or rendered invalid or unenforceable by virtue of the fact that for any reason any other or others of them may be invalid or unenforceable in whole or in part. 

17.04 Construction. The provisions of this Agreement shall be construed and interpreted in accordance with the laws of the State of
Delaware applicable to contracts to be made and performed entirely in such state. 
 17.05 Entire Agreement. This Agreement contains
the entire agreement and understanding between the parties hereto with respect to the subject matter hereof, and supersedes all prior and contemporaneous agreements, understandings, inducements and conditions, express or implied, oral or written, of
any nature whatsoever with respect to the subject matter hereof. The express terms hereof control and supersede any course of performance and/or usage of the trade inconsistent with any of the terms hereof. This Agreement may not be modified or
amended other than by an agreement in writing. 
 17.06 Waiver. Neither the failure nor any delay on the part of a party to exercise
any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any other right,
remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be
effective unless it is in writing and is signed by the party asserted to have granted such waiver. 
 17.07 Gender. Words used herein
regardless of the number and gender specifically used, shall be deemed and construed to include any other number, singular or plural, and any other gender, masculine, feminine or neuter, as the context requires. 

17.08 Titles Not to Affect Interpretation. The titles of Articles and Sections contained in this Agreement are for convenience only,
and they neither form a part of this Agreement nor are they to be used in the construction or interpretation hereof. 
 17.09
Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original as against any party whose signature appears thereon, and all of which shall together constitute one and the same
instrument. This Agreement shall become binding when one or more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon as the signatories. 

[The remainder of this page is intentionally left blank. Signature page follows.] 

  
 16 

 IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated Agreement as of
the date and year first above written. 
  

			
	TRILINC ADVISORS, LLC
		
	 By:
	 	/s/ GLORIA S. NELUND
	 Name:
	 	Gloria S. Nelund
	 Title:
	 	Chief Executive Officer

  

			
	TRILINC GLOBAL IMPACT FUND, LLC
		
	By:	 	/s/ GLORIA S. NELUND
	 Name:
	 	Gloria S. Nelund
	 Title:
	 	Chairman and Chief Executive Officer

  
 17EX-10.1

 Exhibit 10.1 

EMPLOYMENT AGREEMENT 

EMPLOYMENT AGREEMENT, dated as of April 4, 2014 (this “Agreement”), by and between MELA Sciences, Inc., a Delaware
corporation (the “Company”), and Robert W. Cook, an individual (“Employee”). 
 W I T
N E S S E T H: 
 WHEREAS, the Company desires to employ Employee, and Employee wishes to
be employed by the Company, on the terms and subject to the conditions set forth herein. 
 NOW, THEREFORE, in consideration of the premises
and the mutual covenants herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, the parties hereby agree as follows: 

1. Term. Employee’s employment hereunder shall commence on April 14, 2014 (the Effective Date”) and end on the third (3rd) anniversary of the Effective Date (the “Initial Term”, and together with any successive terms, the “Term”); provided that upon expiration of the Term
Employee’s employment with the Company hereunder shall be extended for successive one-year periods unless either party provides written notice to the other party at least forty five (45) days prior to the end of the then current Term, of
its election to terminate this Agreement at the end of such then current Term. 
 2. Duties and Services. Employee agrees to serve
the Company as its Chief Financial Officer, reporting to the Company’s Chief Executive Officer (the “CEO”). Employee shall have the normal duties, responsibilities, functions and authority as provided in the
Company’s bylaws and as customarily exercised by the chief financial officer of a company of similar size and nature as the Company, subject to the power and authority of the CEO and/or the Company’s Board of Directors (the
“Board”) to expand, limit or otherwise change such duties, responsibilities, functions and authority of Employee. Employee agrees to devote his full and entire business time, attention, skill and efforts to perform services for the
Company and to faithfully and diligently discharge and fulfill his duties hereunder to the best of his abilities and to the reasonable satisfaction of the CEO. During the Term Employee shall not, directly or indirectly, as owner, partner, joint
venture, stockholder, employee, corporate officer or director, engage or become financially interested in, or be concerned with any other business activities, duties or pursuits except with the prior written consent of the Board. Employee shall
perform his duties hereunder at the Company’s principal offices, currently located in Irvington, New York, with travel to such other places and at such times as the needs of the Company may from time-to-time dictate or be desirable. 

3. Compensation. 
 (a)
Employee shall be entitled to receive a one-time signing bonus of $15,000 (the “Signing Bonus”), payable in accordance with the Company’s payroll practices and policies and subject to applicable withholding of
income taxes, social security taxes and other such other payroll deductions as are required by law or applicable employee benefit programs. 

(b) During the term of this Agreement, the Company agrees to pay or cause to be paid to Employee, and Employee agrees to accept, a salary for
all of Employee’s services at the rate of $250,000 per annum (the “Base Salary”), payable in accordance with the Company’s payroll practices and policies in effect from time to time and subject to applicable
withholding of income taxes, social security taxes and other such other payroll deductions as are required by law or applicable employee benefit programs. 

 (c) With respect to each fiscal year of the Company during the continued full-time employment of
Employee hereunder, Employee will be eligible to receive an annual cash bonus of up $100,000 (a “Cash Bonus”) based on the achievement of certain performance-based targets and other objectives as may be established by
the Board based on annual Company budgets approved by the Board from time to time. The terms of Employee’s Cash Bonus opportunity for each fiscal year shall be separately communicated to Employee by the CEO prior to the commencement of such
fiscal year. Any Cash Bonus allocable to Employee hereunder shall be earned by Employee if and only if Employee remains actively employed on a full-time basis with the Company and is otherwise in compliance with Employee’s obligations under
this Agreement through the end of the fiscal year to which such Cash Bonus relates. Any Cash Bonus awarded to Employee hereunder will be payable following the end of such fiscal year to which it relates in accordance with the Company’s
customary practices for annual bonus payments. Notwithstanding anything to the contrary in this Agreement, any Cash Bonus payable to Employee shall be reduced by the amount of the Signing Bonus until the aggregate amount of such reduction(s) equals
the amount of the Signing Bonus. 
 (d) In addition to Employee’s Base Salary and any Cash Bonus which may be earned and payable
hereunder, Employee shall be granted incentive stock options subject to the Company’s customary Incentive Stock Option Agreement under one or more of the Company’s stock incentive plans to purchase up to five hundred thousand
(500,000) shares of the Company’s common stock, subject to the following vesting schedule: 
 (i) incentive stock options to
purchase up to three hundred thousand (300,000) shares of the Company’s common stock to vest in three equal installments on the first, second and third anniversaries of the Effective Date of this Agreement; provided, however, that vesting
shall accelerate and the right to purchase all such shares shall vest in full at such time as there is a Change in Control (as defined in Section 5(d) hereof) of the Company; 

(ii) incentive stock options to purchase up to fifty thousand (50,000) shares of the Company’s common stock to vest upon the date
on which the Company achieves the financial metrics set forth in the budget approved by the Board for the last six months of fiscal year 2014; provided, however, that vesting shall accelerate and the right to purchase all such shares shall vest in
full at such time as there is a Change in Control (as defined in Section 5(d) hereof) of the Company in which the value of the Company’s Common Stock is at least $2.00 (as such amount may be adjusted to reflect stock splits,
reclassifications and other similar organic changes affecting the stock); 
 (iii) incentive stock options to purchase up to seventy-five
thousand (75,000) shares of the Company’s common stock to vest upon the date on which the Company achieves the financial metrics set forth in the budget approved by the Board for fiscal year 2015; provided, however, that vesting shall
accelerate and the right to purchase all such shares shall vest in full at such time as there is a Change in Control (as defined in Section 5(d) hereof) of the Company in which the value of the Company’s Common Stock is at least $2.00 (as
such amount may be adjusted to reflect stock splits, reclassifications and other similar organic changes affecting the stock); and 
 (iv)
incentive stock options to purchase up to seventy-five thousand (75,000) shares of the Company’s common stock to vest upon the date on which the Company achieves the financial metrics set forth in the budget approved by the Board for
fiscal year 2016; provided, however, that vesting shall accelerate and the right to purchase all such shares shall vest in full at such time as there is a Change in Control (as defined in Section 5(d) hereof) of the Company in which the value
of the Company’s Common Stock is at least $2.00 (as such amount may be adjusted to reflect stock splits, reclassifications and other similar organic changes affecting the stock). 

  
 2 

 4. Employee Benefits; Vacation; Expenses. During the term of this Agreement: 

(a) Employee shall be entitled to participate, in accordance with the terms and conditions thereof, in any standard group benefit plans
maintained generally for employees of the Company, as the same may be in effect or amended from time to time. The foregoing, however, shall not be construed to require the Company to establish any such plans, or to prevent the Company from modifying
or terminating any such plans once established. 
 (b) Employee shall be entitled to vacation at the rate of 4 weeks per year, taken
consecutively or in segments, subject to the effective discharge of Employee’s duties and responsibilities hereunder. Vacation time will accrue on a monthly basis during any such year, and any accrued vacation time not taken during the year in
which it accrued shall not have a cash value and may be rolled over to the following or any subsequent year only to the extent permitted and in accordance with then current Company policy. 

(c) The Company shall reimburse Employee for the reasonable and necessary out-of-pocket business expenses incurred by Employee for or on
behalf of the Company in furtherance of the performance of Employee’s duties hereunder in accordance with the Company’s policies as approved by the Board from time to time, subject in all cases to the Company’s requirements with
respect to reporting and documentation of such expenses. 
 5. Termination. 

(a) Notwithstanding anything to the contrary contained herein, Employee’s employment under this Agreement, as well as Employee’s
right to any Base Salary, Cash Bonus and/or other benefits which thereafter otherwise would accrue to Employee hereunder, shall terminate upon the earliest to occur of the following events: 

(i) The death of Employee; 

(ii) The disability (as hereinafter defined) of Employee; 

(iii) In the event of Employee’s voluntary decision to terminate his employment with the Company, upon the date set forth therefor in a
written notice of such termination received by the Company from or on behalf of Employee; provided, that the termination date shall not be sooner than two (2) weeks following the Company’s receipt of such
notice; 
 (iv) Upon written notice of such termination to Employee from or on behalf of the Company or the Board (or at such later date
specified therein) if: (A) there shall be “Cause” (as hereinafter defined) or (B) Employee shall have advised the Company or the Board of Employee’s intention to terminate his employment with the Company; 

(v) Upon a Change of Control (as defined in Section 5(d)) of the Company unless the new controlling person or entity of the
Company’s business and/or assets determines to maintain the Employee’s employment hereunder; or 
 (vi) Upon written notice of
such termination to Employee from or on behalf the Company or the Board, other than under a circumstance covered by, or when facts exist that would comprise, any of clauses (i), (ii), (iii), (iv) or (v) of this Section 5(a). 

  
 3 

 (b) Employee shall be deemed to be under a
“disability” for purposes hereof, at the option of the Company by written notice to Employee, (i) if Employee and the Board agree that Employee is disabled, or (ii) in the event that Employee
shall be unable to or shall fail to render and perform the services required of Employee under this Agreement for thirty (30) consecutive days or an aggregate of sixty (60) days in any consecutive twelve (12) month period because of
physical or mental incapacity or disability, such option to be exercisable by the Company. 
 (c) For purposes of this Agreement, the term
“Cause” is defined as: (i) the commission by Employee of, or a plea by Employee of guilty or nolo contendere with respect to, or conviction of Employee for, a felony (or any lesser included
offense or crime in exchange for withdrawal of a felony indictment or charged crime that might result in a penalty of incarceration), a crime involving moral turpitude, or any other offense that results in or could result in any prison sentence;
(ii) Employee’s engaging in theft, embezzlement, fraud, obtaining funds or property under false pretenses, or similar acts of misconduct with respect to the property of the Company or any of its employees, equityholders, customers or
suppliers, or any act of dishonesty or unethical dealing by Employee during the course of his employment; (iii) the repeated failure by Employee to perform his duties or responsibilities for or with respect to the Company, or the repeated
failure by Employee to comply in all material respects with the policies or directives of the Company, in each case after failing to cure after ten (10) days written notice by the Company of such failure; (iv) a breach by Employee of a
fiduciary responsibility owing to the Company or any of its affiliates; (v) Employee’s failure to perform such duties as are reasonably delegated or assigned to Employee after written notice of such failure and failure to cure within ten
(10) business days of such notice; (vi) Employee’s misuse of alcoholic beverages, controlled substances or other narcotics, which misuse has had or is reasonably likely to have a material adverse effect on the business or financial
affairs of the Company or the reputation of the Company; or (vii) a breach by Employee of Section 7 of this Agreement or any other obligation relating to non-competition, non-solicitation of employees, customers, licensees or licensors,
confidentiality, or ownership and/or rights as to creations and/or proprietary information or property, under any written agreement in effect from time to time, in favor of the Company. 

(d) For purposes of this Agreement, the term “Change of Control” is defined as (i) the direct or indirect
sale or exchange by the stockholders of the Company of all or substantially all of the stock of the Company; (ii) a merger or consolidation in which the Company is a party and in which the stockholders of the Company before such ownership
change do not retain, directly or indirectly, at a least majority of the beneficial interest in the voting stock of the Company after such transaction; or (iii) an agreement for the sale or disposition by the Company of all or substantially all
the Company’s assets. 
 (e) Severance; Release. 

(i) In the event of, and only upon, the termination of the employment of Employee under this Agreement pursuant to:
(A) Section 5(a)(v) and either (x) Employee has not been offered post-Change of Control employment by the Company or any successor entity; or (y) if offered post-Change of Control employment by the Company or any successor
entity, the position offered to Employee would result in a material reduction in Employee’s duties, authority or responsibilities as in effect immediately prior to such Change of Control; or (B) Section 5(a)(vi), then the Employee
shall be entitled to receive his Base Salary and the amount of any Cash Bonus earned hereunder but unpaid through the date of such termination, any benefits referred to in Section 4(a) in which Employee has a vested right under the terms and
conditions of the employee benefit plan pursuant to which such benefits were granted (“Vested Benefits”), and, in each case, subject to the provisions of this Section 5(e), severance in an amount equal to Employee’s then
current Base Salary for twelve (12) months payable over 12 months as provided herein (the “Severance Payment”). Notwithstanding anything to the contrary in this Agreement, Employee shall not be entitled to the Severance Payment
in the event that (i) the Company 

  
 4 

 
terminates the Employee’s employment without cause within 30 days of proceeding to discontinue or wind up its operations or to liquidate its assets; or (ii) Employee’s employment
with the Company terminates within one year of the Effective Date, in which case Employee shall be paid a severance equal to his then current Base Salary for one (1) month, plus his Base Salary and Cash Bonus earned but not yet paid through the
date of termination, reimbursable expenses incurred but not yet reimbursed through the date of termination and any Vested Benefits. 
 (ii)
In the event that Employee’s employment with the Company terminates under any circumstance described in any of clauses (i), (ii), (iii) or (iv) of Section 5(a), then the Company shall not be obligated to make any Severance
Payment to Employee or to provide any other severance, termination or similar payments or compensation or benefits, regardless of any general or other policy, plan or practice as to severance or employment termination in effect from time to time,
other than Base Salary and any Cash Bonus earned but unpaid through the date of such termination and any Vested Benefits. 
 (iii) Except
as noted below, any Severance Payment earned hereunder shall be paid to Employee in equal installments from the date of termination through the date that is twelve (12) months after such termination, in accordance with the Company’s then
current standard payroll policy, with payments commencing on the first regular payroll date next following the date of termination (the “Severance Commencement Date”); provided that the obligation to make any Severance
Payment is expressly conditioned upon the execution by Employee and delivery to the Company of, and the effectiveness (after the expiration of any and all revocation and cancellation periods and rights) of, such separation agreement and general
release from Employee, in such form as shall be required by the Company, all prior to the Severance Commencement Date. In no event shall any Severance Payment be payable unless and until such separation agreement and general release becomes
effective and all statutory rights to rescind, revoke or terminate the same have expired unexercised, all prior to the Severance Commencement Date. 

(iv) Any Severance Payment earned hereunder shall be in lieu of any other claim for compensation whether under this Agreement, or under any
wage continuation law or at common law or otherwise, or any and all claims to severance or similar payments or benefits which Employee may otherwise have or make, except that Employee may still seek unemployment insurance without any adverse
consequence hereunder. Without limiting any other rights or remedies which the Company may have, the Company shall be under no obligation to make any Severance Payment, and Employee shall immediately reimburse the Company in full for any and all
Severance Payment paid to Employee hereunder if Employee violates any of the provisions of Section 7. 
 6. Deductions and
Withholding. Employee agrees that the Company shall be entitled to withhold from any and all payments required to be made to Employee pursuant to this Agreement all federal, state, local and/or other taxes which it determines are required to be
withheld in accordance with applicable statutes and/or regulations from time to time in effect. 
 7. Restrictive Covenants. 

(a) For and in consideration of the rights of Employee under Sections 3, 4 and 5(e), the adequacy and sufficiency of which are hereby
irrevocably acknowledged by Employee, Employee agrees that Employee shall not, and shall not permit any person or entity directly or indirectly controlled by Employee (alone or together with others) (the “Employee Affiliates”) to,
directly or indirectly (including, without limitation, through ownership, management, operation or control of any other person or entity, or participation in the ownership, management, operation or control of any other person or entity, or by having

  
 5 

 
any interest, as a stockholder, lender, investor, agent, consultant, employee, partner or otherwise, in or with respect to any other person or entity) do any of the following: 

(i) during the period of Employee’s employment with the Company and for twelve (12) months following the date of termination of
Employee’s employment for any reason (the “Restricted Period”), own, manage, operate, control, invest in, participate in, provide consulting services to, or be involved or associated with in any capacity, any person or entity
that competes directly or indirectly with the business conducted by the Company or proposed to be conducted by the Company during the time the Employee was employed by the Company or during the Restricted Period, within the geographical areas in
which the Company is doing business or proposes to do business at the time of Employee’s termination of employment; provided that the foregoing shall not prohibit Employee and Employee Affiliates from owning in the aggregate less than
one percent (1%) of any class of securities listed on a national securities exchange or traded publicly in the over-the-counter market; Employee acknowledges that the Company conducts business on a nationwide and international basis, that its
sales and marketing prospects are for expansion into national and international markets not currently penetrated and that, therefore, the territorial and time limitations set forth in this Section are reasonable and properly required for the
adequate protection of the business of the Company. 
 (ii) during the Restricted Period, (A) solicit, encourage or entice any client,
customer, vendor, licensee, licensor, consultant or supplier of or to the Company to cease to do business with, or to reduce or modify the business such person or entity has done with or intends to do with, or to end, reduce or modify any
relationship or proposed relationship of such person or entity with, the Company, or (B) interfere with, disrupt or attempt to disrupt or otherwise jeopardize any relationship of the Company with any client, customer, vendor, licensee,
licensor, consultant or supplier or any other person or entity with whom the Company has a business relationship; 
 (iii) during the
Restricted Period, encourage, entice or induce any person who at the time of Employee’s termination of employment or at any time during the eighteen (18) month period immediately preceding such termination is or was an employee of, or a
consultant to, the Company to leave the employ of, or to terminate any such consulting arrangement with, the Company, or to become an employee of, or consultant to, any other person or entity, or employ or retain any such person; or 

(iv) during the Restricted Period and at all times thereafter, disparage, criticize or make statements which may be perceived as negative,
detrimental or injurious to the Company, or any of the management, owners, business, policies or practices of the Company; 
 provided, that the
Restricted Period and any additional periods thereafter under this Section 7 shall be tolled and shall cease to run during the period of any violation by Employee of any of Employee’s agreements and obligations under this Section 7.

 (b) Employee acknowledges and agrees that Employee’s employment by the Company will necessarily involve Employee’s
understanding of and access to trade secrets and confidential or proprietary information and property, and personal information pertaining to the business and affairs of the Company, and its licensors, clients, customers, licensees, consultants and
suppliers of or to any of them, including, without limitation, data, databases, know-how, trade secrets, marketing plans and opportunities, cost and pricing information, strategies, forecasts, licensee and customer lists, reports and surveys,
concepts and ideas, computer software, systems and programs (including source code and documentation), and techniques and technical information, whether acquired by, or provided or made available to, Employee before, on or after the date of this
Agreement by reason of Employee being or having been an employee of 

  
 6 

 
the Company and Employee agrees to keep all such information confidential. Employee and the Company have entered into that certain Nondisclosure, Proprietary Information and Developments
Agreement dated as of the date hereof (the “Nondisclosure Agreement”) and attached hereto as Exhibit A, the terms and conditions of which are incorporated by reference herein and made a part hereof. The terms and provisions of this
Agreement shall control and govern in respect of any conflict between the terms of this Agreement and the Nondisclosure Agreement. 
 (c)
Employee represents that his employment with the Company will not violate or conflict with any obligations to any previous employer or other party, including without limitation, obligations relating to nondisclosure, proprietary information,
non-competition and non-solicitation. 
 (d) Because irreparable harm would be sustained by the Company in the event that there is a breach
by Employee of any of the terms, covenants and agreements set forth in this Section 7, in addition to any other rights and remedies that the Company may otherwise have, the Company shall be entitled to obtain specific performance and/or
injunctive relief against Employee from any court of competent jurisdiction, without making a showing that monetary damages would be inadequate and without the requirement of posting any bond or other security whatsoever, in order to enforce or
prevent any breach or threatened breach of any of the terms, covenants and agreements set forth in this Section 7. 
 (e) Each of the
obligations of Employee under this Section 7 shall survive the termination of Employee’s employment by the Company for any reason whatsoever. 

(f) Employee acknowledges that: (i) the enforcement of any of the restrictions on Employee or any other provisions contained in this
Section 7 (the “Restrictive Covenants”) against Employee would not impose any undue burden upon Employee; and (ii) none of the Restrictive Covenants are unreasonable as to duration or scope. If
notwithstanding the foregoing, any provision of this Agreement would be held to be invalid, prohibited or unenforceable in any jurisdiction for any reason (including, without limitation, any provision which may be held unenforceable because of the
scope, duration or area of its applicability), unless narrowed by construction, such provision shall, as to such jurisdiction, be construed as if such invalid, prohibited or unenforceable provision had been more narrowly drawn so as not to be
invalid, prohibited or unenforceable (and the court making any such determination as to any provision shall have the power to, and shall, modify such scope, duration or area or all of them, and such provision shall then be applicable in such
modified form in such jurisdiction only). If, notwithstanding the foregoing, any provision of this Agreement would be held to be invalid, prohibited or unenforceable in any jurisdiction for any reason, such provision, as to such jurisdiction, shall
be ineffective to the extent of such invalidity, prohibition or unenforceability, without invalidating the remaining provisions of this Agreement, or affecting the validity or enforceability of such provision in any other jurisdiction. 

(g) In the event that Employee’s employment with the Company is terminated for any reason and Employee thereafter obtains employment or
engagement by another person or entity (a “Subsequent Employer”), Employee agrees to advise such Subsequent Employer of Employee’s continuing obligations under this Agreement. Without limiting the foregoing,
Employee hereby consents to the Company notifying any Subsequent Employer of any of Employee’s continuing obligations under this Agreement. 

8. No Conflicts. Employee represents and warrants that Employee is not party to any agreement, contract or understanding, whether of
employment, consultancy or otherwise, in conflict with this Agreement or which would in any way restrict or prohibit Employee from undertaking or performing services for the Company. Employee hereby acknowledges that Employee has not foregone any
other opportunity, financial or otherwise, in connection with Employee’s execution and delivery of this Agreement or Employee’s rendering of services to the Company. 

  
 7 

 9. Notices. All notices, requests, demands and other communications hereunder shall be in
writing and shall be deemed to have been duly given and effective: (i) on the date of delivery, if delivered personally; (ii) on the first business day following the date of dispatch if delivered by a recognized next-day courier service;
(iii) on the earlier of the fourth (4th) day after mailing or the date of the return receipt acknowledgment, if mailed, by certified or registered mail, return receipt requested, postage and fees prepaid; or (iv) on the date of
transmission (subject to written confirmation of receipt), if sent by facsimile or e-mail .pdf to the other party hereto. Any such notice, if to Employee, shall be sent to Employee’s address set forth on the signature page hereto or
Employee’s principal residence address then known to the Company, and, if to the Company, shall be sent to the Company’s then-current principal executive office. A copy of all notices sent by Employee to the Company pursuant to this
Agreement shall also be sent to Golenbock Eiseman Assor Bell & Peskoe LLP, 437 Madison Avenue, New York, NY 10022, Attn: Valerie A. Price, Esq. Either party may change the address to which notices, requests, demands and other communications
hereunder shall be sent by sending written notice of such change of address to the other party in the manner hereinabove provided. 
 10.
Assignability and Binding Effect. This Agreement shall inure to the benefit of and shall be binding upon the heirs, executors, administrators, successors and legal representatives of Employee, and shall inure to the benefit of and be binding
upon the Company and its successors and assigns, but the obligations of Employee may not be delegated or assigned. Employee shall not be entitled to assign, transfer, pledge, encumber, hypothecate or otherwise dispose of this Agreement, or any of
his rights hereunder, and any such attempted delegation or disposition shall be null and void and without effect. It is hereby acknowledged and agreed that the Company shall have the right to assign all or any part of its rights in respect of the
covenants and agreements set forth in Section 7 of this Agreement to one or more direct or indirect acquirors of any of the assets or business of, or control of, the Company, and that this Agreement and all of the Company’s rights and
obligations hereunder may be assigned or transferred by the Company to and in such event may be assumed by any assignee of or successor to the Company. 

11. Waiver and Compliance; Consents. Except as otherwise provided in this Agreement, any failure of either party to this Agreement to
comply with any obligation, covenant, agreement or condition herein may be waived by the other party hereto only by written instrument signed by the party granting such waiver, but such waiver or failure to insist upon strict compliance with such
obligation, covenant, agreement or condition shall not operate as a waiver of, or estoppel with respect to, any subsequent or other failure. Whenever this Agreement requires or permits consent by or on behalf of a party, such consent shall be given
in writing in a manner consistent with the requirements for a waiver of compliance as set forth in this Section 11. 
 12. Entire
Agreement; Amendments. This Agreement and the Nondisclosure Agreement referenced herein sets forth the entire agreement and understanding of the parties hereto relating to the subject matter hereof, and is expressly intended to supersede any and
all prior agreements, arrangements and understandings, written or oral, relating to the subject matter hereof. With respect to the subject matter hereof, no representation, promise or inducement has been made by either party that is not embodied in
this Agreement, and neither party shall be bound by or liable for any alleged representation, promise or inducement not so set forth. This Agreement shall not be altered, modified, amended or terminated except by written instrument signed by each of
the parties hereto 

  
 8 

 13. Headings, Construction, Interpretation. The captions and section headings contained in
this Agreement are for convenience of reference only, do not form a part of this Agreement and shall not affect in any way the meaning or interpretation of this Agreement. Whenever the words “include,” “includes” or
“including” are used in this Agreement, they shall be deemed followed by the words “without limitation.” When used in this Agreement, words such as “herein”, “hereinafter”, “hereof”,
“hereto”, and “hereunder” shall refer to this Agreement as a whole, unless the context clearly requires otherwise. The use of the words “either” and “any” shall not be exclusive. 

14. Code Section 409A. This Agreement shall be interpreted and administered to the extent practicable in a manner consistent with
the following statement of intent: All benefits and compensation payable to Employee pursuant to this Agreement are intended to be exempt from the definition of “nonqualified deferred compensation plan” or “deferral of
compensation” under Code Section 409A in accordance with one or more exemptions available under the Treasury Regulations promulgated under Code Section 409A. To the extent that any benefit or payment is or becomes subject to Code
Section 409A, this Agreement is intended to comply with the requirements of Code Section 409A as applicable to such benefit or payment. 

15. Governing Law; Venue. This Agreement and the legal relations among the parties shall be governed by the internal laws of the State
of New York, without regard to principles of conflict of laws. Any litigation arising in connection with or related to this Agreement or any of the subject hereof shall be tried solely by and in the United States District Court for the Southern
District of New York, provided that if such litigation shall not be permitted to be tried by such court then such litigation shall be held solely in the state courts of New York sitting in New York City. Each party hereto irrevocably consents to and
confers personal jurisdiction on the United States District Court for the Southern District of New York, or, if (but only if) the litigation in question shall not be permitted to be tried by such court, on the state courts of New York sitting in New
York City, and expressly waives any objection to the venue of such court, as the case may be and any argument that any case filed should be transferred to a more convenient forum. 

16. Mutual Waiver of Jury Trial. EACH PARTY HERETO HEREBY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING BASED UPON,
ARISING OUT OF, OR IN ANY WAY RELATING TO THIS AGREEMENT, OR THE EMPLOYMENT OF EMPLOYEE, WHETHER SOUNDING IN CONTRACT OR TORT OR OTHERWISE. EACH PARTY HERETO AGREES THAT EITHER OF THEM MAY FILE A COPY OF THIS AGREEMENT UNDER SEAL WITH THE COURT AS
WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY, AND BARGAINED AGREEMENT BETWEEN THE PARTIES IRREVOCABLY TO WAIVE TRIAL BY JURY, AND THAT ANY DISPUTE OR CONTROVERSY WHATSOEVER BETWEEN THEM SHALL INSTEAD BE TRIED IN A COURT OF COMPETENT JURISDICTION BY A
JUDGE SITTING WITHOUT A JURY. 
 17. Knowing and Voluntary Agreement. The parties to this Agreement acknowledge and agree that each
of them has had a full and fair opportunity to carefully read and review the terms and provisions of this Agreement and consult with their own attorney concerning the meaning and effect of this Agreement. By executing this Agreement, each of the
parties hereto represents, acknowledges, and agrees that such party fully understands his or its right to discuss all aspects of this Agreement with his or its own attorney, that to the extent he or it wanted to talk to his or its attorney he or it
has availed herself or itself of that right, that he or it has carefully read and fully understands all the provisions of this Agreement, and that he or it is knowingly and voluntarily entering into this Agreement and signing it of his or its own
free will. 

  
 9 

 18. Interpretation. In the event any ambiguity or question of intent or interpretation
arises, this Agreement shall be construed as drafted jointly by the parties and no presumption or burden of proof shall arise favoring or disfavoring either party by virtue of the authorship of any of the provisions of this Agreement. No provision
of this Agreement shall be construed against either party on the grounds that such party or its counsel drafted that provision. 
 19.
Counterparts; Signatures. This Agreement may be executed in any number of counterparts with the same effect as if all parties hereto had signed the same document. All counterparts shall be construed together and shall constitute one
Agreement. This Agreement and any amendments hereto, to the extent signed and delivered by means of a facsimile machine or electronic transmission, shall be treated in all manner and respects as an original Agreement and shall be considered to have
the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of either party hereto the other party hereto shall re-execute original forms thereof and deliver them to such requesting party. No
party hereto shall raise the use of a facsimile machine or electronic transmission to deliver a signature or the fact that any signature was transmitted or communicated through the use of facsimile machine or electronic transmission as a defense to
the formation of a contract and each such party forever waives any such defense. 
 [balance of page intentionally left blank; signature
page follows] 

  
 10 

 IN WITNESS WHEREOF, the parties hereto have executed this Employment Agreement as of the day and
year first above written. 
  

			
	COMPANY:
	
	MELA SCIENCES, INC.
		
	By:	 	 /s/ Rose Crane

	Name:	 	Rose Crane
	Title:	 	President and CEO

  

			
	EMPLOYEE:
	
	 /s/ Robert W. Cook

	Robert W. Cook
		
	Address:	 	119 Hunterdon Blvd.
		 	Murray Hill, NJ 07974

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00229-of-00352.parquet"}]]