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    Exhibit 10.1

SECOND AMENDED AND RESTATED EXPENSE SUPPORT AND
CONDITIONAL REIMBURSEMENT AGREEMENT
 
This Second Amended and Restated Expense Support and Conditional Reimbursement Agreement (the “Agreement”) is made February 2, 2022, by and between Hancock Park Corporate Income, Inc. (the “Company”) and OFS Capital Management, LLC (the “Advisor”).  
 
WHEREAS, the Company is a non-diversified, closed-end management investment company that has elected to be regulated as a business development company (a “BDC”) under the Investment Company Act of 1940, as amended (the “Investment Company Act”); and
  
WHEREAS, the Advisor is the Company’s investment advisor; and

WHEREAS, the Company and the Advisor previously entered into the Expense Support and Conditional Reimbursement Agreement dated July 15, 2016 (the “Original ESA”) pursuant to which the Advisor agreed to make certain payments (the “Original ESA Payments”) to the Company to ensure that no portion of distributions made to the Company’s shareholders will be paid from offering proceeds or borrowings of the Company; and

WHEREAS, the Original ESA was amended and restated pursuant to the terms of the Amended and Restated Expense Support Agreement, dated August 3, 2020 (the “Prior ESA”), by and among the Company, the Advisor and CIM Capital IC Management, LLC (“CIM Capital”); and

WHEREAS, CIM Capital formerly served as the Company’s sub-adviser; and

WHEREAS, pursuant to the Prior ESA, CIM Capital agreed to make certain payments (the “Prior ESA Payments”) to the Company to ensure that no portion of distributions made to the Company’s shareholders will be paid from offering proceeds or borrowings of the Company; and
 
WHEREAS, the Company, the Advisor and CIM Capital have determined that it is appropriate and in the best interests of the Company to amend and restate the Prior ESA and that such amendment shall be effective as of the date hereof (the “Effective Date”).
 
NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the parties hereby agree to amend and restate the Prior ESA as follows:
 
1.                                                              Expense Payments to the Company
 
(a)                                               Commencing on the Effective Date, on a quarterly basis, the Advisor shall reimburse the Company for Operating Expenses (as defined in Section 2(c)) in an amount equal to the difference between the Company’s cumulative distributions paid to the Company’s shareholders in each quarter less Available Operating Funds (defined below) recognized by the Company on account of its investment portfolio during such quarter.  Any payments required to be made by the Advisor pursuant to the preceding sentence shall be referred to herein as an “Expense Payment” and together with any Original ESA Payments and Prior ESA Payments, as an “ESA Payment.” 
 
(b)                                               The obligation of the Advisor or its affiliates to make an Expense Payment shall automatically become a liability of the Advisor or its affiliates, as applicable, and the right to such Expense Payment shall be an asset of the Company on the last business day of the applicable quarter. The Expense Payment for any quarter shall be paid by the Advisor or its affiliates to the Company in any combination of cash or other immediately available funds, and/or offset against amounts due from the Company to the Advisor or its affiliates on the same day that the Company pays amounts due from the Company to the Advisor or its affiliates.
 
(c)                                                For purposes of this Agreement, “Available Operating Funds” means the sum of (i) the Company’s net investment company taxable income and estimated current investment company taxable income (including net short-term capital gains reduced by net long-term capital losses), (ii) the Company’s cumulative realized taxable net capital gains (including the excess of net long-term capital gains over net short-term capital losses) and (iii) dividends and other distributions paid to the Company on account of preferred and common equity investments in portfolio companies, if any (to the extent such amounts listed in clause (iii) are not included under clauses (i) and (ii) above).
 

2.                                                              Reimbursement of Expense Payments by the Company
 
(a)                                               Following any quarter in which Available Operating Funds exceed the cumulative distributions paid by the Company in respect of such quarter (the amount of such excess being hereinafter referred to as “Excess Operating Funds”), the Company shall pay such Excess Operating Funds, or a portion thereof, in accordance with Sections 2(b), 2(c) and 2(d), as applicable, to the Advisor until such time as all ESA Payments made within three years prior to the last business day of such quarter have been reimbursed.  For the avoidance of doubt, such Excess Operating Funds shall be paid to the Advisor regardless of whether the corresponding ESA Payment was an Original ESA Payment or an Expense Payment made by the Advisor or a Prior ESA Payment made by CIM Capital or its affiliates. Any payments required to be made by the Company pursuant to this Section 2(a) shall be referred to herein as a “Reimbursement Payment”.
 
(b)                                               Subject to Sections 2(c) and 2(d), as applicable, the amount of the Reimbursement Payment for any quarter shall equal the lesser of (i) the Excess Operating Funds in respect of such quarter and (ii) the aggregate amount of all ESA Payments made by the Advisor or CIM Capital, as applicable, to the Company within three years prior to the last business day of such quarter that have not been previously reimbursed by the Company.
 
(c)                                                Notwithstanding anything to the contrary in this Agreement, the amount of the Reimbursement Payment for any quarter shall be reduced to the extent that such Reimbursement Payment, together with all other Reimbursement Payments paid during that fiscal year, would cause Other Operating Expenses (as defined below) (on an annualized basis and net of any ESA Payments received by the Company during such fiscal year) to exceed the percentage of the Company’s average net assets attributable to the Company’s common shares of beneficial interest represented by Other Operating Expenses during the fiscal year in which such ESA Payment was made (provided, however, that this clause shall not apply to any Reimbursement Payment which relates to an ESA Payment made during the same fiscal year).  For purposes of this Agreement, “ Other Operating Expenses”  means the Company’s total Operating Expenses (as defined below), excluding base management fees, incentive fees, organization and offering expenses, distribution and shareholder servicing fees, financing fees and costs, interest expense, brokerage commissions, the impact of any expense limitation agreements, and extraordinary expenses.  “Operating Expenses” means all of the Company’s operating costs and expenses incurred, as determined in accordance with generally accepted accounting principles for investment companies. The calculation of average net assets shall be consistent with such periodic calculations of average net assets in the Company’s financial statements.
 
(d)                                               Notwithstanding anything to the contrary in this Agreement, no Reimbursement Payment for any quarter shall be made if (i) the Operating Expense Ratio at the time of reimbursement, after taking  into account the reimbursement payment under this Agreement, is higher than the Operating Expense Ratio at the time that the corresponding expense support liability was incurred, or (ii) the Effective Rate of Distributions Per Share declared by the Company at the time of such Reimbursement Payment is less than the Effective Rate of Distributions Per Share at the time the ESA Payment was made to which such Reimbursement Payment relates. For purposes of the Agreement, (x) “Operating Expense Ratio” means all Other Operating Expenses borne by the Company as a percentage of net assets and (y) “Effective Rate of Distributions Per Share” means the annualized rate of regular cash distributions per share exclusive of return of capital and distribution rate reduction due to distribution and shareholder fees, if any.
 
(e)                                                The Company’s obligation to make a Reimbursement Payment shall automatically become a liability of the Company and the right to such Reimbursement Payment shall be an asset of the Advisor on the last business day of the applicable quarter. The Reimbursement Payment for any quarter shall be paid by the Company to the Advisor in any combination of cash or other immediately available funds as promptly as possible following such quarter. Any Reimbursement Payment shall be deemed to have reimbursed the Advisor for ESA Payments in chronological order beginning with the oldest ESA Payment eligible for reimbursement under this Section 2.  The Company’s Audit Committee shall review the basis and determination of Reimbursement Payments on a quarterly basis.
 
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(f)  ESA Payments shall be eligible for reimbursement until such time as they have reached an age of three years.  
 
3.                                                              Termination and Survival
 
(a)                                               This Agreement shall become effective as of the Effective Date.
 
(b)                                               This Agreement may be terminated at any time, without the payment of any penalty, by the Company or the Advisor at any time, with or without notice.
 
(c)                                            Sections 3 and 4 of this Agreement shall survive any termination of this Agreement.  
 
4.                                                              Miscellaneous
 
(a)                                               The captions of this Agreement are included for convenience only and in no way define or limit any of the provisions hereof or otherwise affect their construction or effect.
 
(b)                                               This Agreement contains the entire agreement of the parties and supersedes all prior agreements, understandings and arrangements with respect to the subject matter hereof.
 
(c)                                                Notwithstanding the place where this Agreement may be executed by any of the parties hereto, this Agreement shall be construed in accordance with the laws of the State of New York. For so long as the Company is regulated as a business development company under the Investment Company Act, this Agreement shall also be construed in accordance with the applicable provisions of the Investment Company Act. In such case, to the extent the applicable laws of the State of New York or any of the provisions herein conflict with the provisions of the Investment Company Act, the latter shall control. Further, nothing in this Agreement shall be deemed to require the Company to take any action contrary to the Company’s Amended and Restated Charter or Bylaws.
 
(d)                                               If any provision of this Agreement shall be held or made invalid by a court decision, statute, rule or otherwise, the remainder of this Agreement shall not be affected thereby and, to this extent, the provisions of this Agreement shall be deemed to be severable.
 
(e)                                                The Company shall not assign this Agreement or any right, interest or benefit under this Agreement without the prior written consent of the Advisor.
 
(f)                                                 This Agreement may be amended in writing by mutual consent of the parties. This Agreement may be executed by the parties on any number of counterparts, delivery of which may occur by facsimile or as an attachment to an electronic communication, each of which shall be deemed an original, and all of said counterparts taken together shall be deemed to constitute one and the same instrument.
 
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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first above written.
 
												
	 	HANCOCK PARK CORPORATE INCOME, INC.
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Jeffrey A. Cerny
	 	 	Name:	  Jeffrey A. Cerny

	 	 	Title:	 Chief Financial Officer

	 	 	 	 
	 	 	 	 
	 	OFS CAPITAL MANAGEMENT, LLC
				
	 	By:	 /s/ Tod K. Reichert
	 	 	Name:	 Tod K. Reichert

	 	 	Title:	 Managing Director

				

  

Agreed and Accepted:        
CIM CAPITAL IC MANAGEMENT, LLC 

By: /s/ David Thompson                                   
      Name: David Thompson
      Title: Vice President and Chief Financial Officer
			
	 
	
	

 
[Signature Page to Second Amended and Restated Expense Support and Conditional Reimbursement Agreement]Document

Exhibit 10.2

TERMINATION AGREEMENT
THIS TERMINATION AGREEMENT (this “Termination Agreement”), dated as of February 2, 2022, is entered into by and between (i) OFS Capital Management, LLC, a Delaware limited liability company (the “Adviser”) and (ii) CIM Capital IC Management, LLC, a Delaware limited liability company (the “Sub-Adviser”).
W I T N E S S E T H:
WHEREAS, pursuant an Investment Advisory and Management Agreement dated July 15, 2016 (the “Investment Advisory Agreement”) by and between the Adviser and Hancock Park Corporate Income, Inc. (the “Company”), a Maryland corporation and a closed-end non-diversified management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940, as amended (the “Investment Company Act”), which has been approved by the Company’s Board of Directors, the Company has appointed the Adviser to furnish investment advisory and other services to the Company; and
WHEREAS, the Investment Advisory Agreement permits the Adviser to appoint a sub-advisor to provide certain advisory services in connection with the operation of the Company; and
WHEREAS, the Adviser and the Sub-Adviser entered into that Sub-Advisory Agreement (as amended and supplemented, the “Sub-Advisory Agreement”), dated August 3, 2021, whereby the Sub-Adviser provides Services and capabilities during the term of the Sub-Advisory Agreement on the terms and conditions contained therein; and
WHEREAS, the Adviser and the Sub-Adviser desire to terminate the Sub-Advisory Agreement in its entirety.
NOW, THEREFORE, in consideration of the mutual agreements set forth herein, the parties agree as follows:
1.Termination.  Effective as of the Effective Date, the Sub-Advisory Agreement shall terminate and no longer have any force or effect, except for Section 3 (Compliance and Notification – relating to the period of the Agreement), Sub-Section 6.e (Rights upon Termination), Section 8 (Reporting –for the period of the Agreement) Section 10 (Performance and Liability), Section 11 (Confidentiality; Information Security) and Section 13 (Miscellaneous) thereof, which by their terms shall survive and remain in full force and effect. The Adviser and the Sub-Adviser agree that the “Effective Date” shall be the date hereof, notwithstanding the notice requirement set forth in Section 6(b) of the Sub-Advisory Agreement. 
2.Miscellaneous.
a)Capitalized Terms. Capitalized terms used, but not otherwise defined herein, shall have the meanings set forth in the Sub-Advisory Agreement.  
b)Counterparts.  This Termination Agreement may be executed through the use of separate signature pages and in any number of counterparts, and each of such counterparts shall, for all purposes, constitute one agreement binding on all the parties, notwithstanding that all the parties are not signatories to the same counterpart. 

c)Electronic Signatures.  The words, “execution,” “signed,” “signatures” and words of like import shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law.
d)Severability.  If any one or more of the covenants, agreements, provisions or terms of this Termination Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions, or terms shall be deemed severable from the remaining covenants, agreements, provisions, and terms and shall in no way affect the validity of enforceability of the other provisions of this Termination Agreement.
e)Transfers and Assigns.  Neither this Termination Agreement nor any interest or obligation in or under this Termination Agreement may be transferred or assigned by any party hereto without the prior written consent of each other party.
f)Binding Effect: Successors.  This Termination Agreement shall be binding upon the parties, shall inure to the benefit of, and shall be binding upon, any permitted successors or assigns of the parties,
g)Notices.  Any notice or communication in respect of this Termination Agreement shall be sufficiently given to a party if in writing and delivered in person, by hand, or by email, at the mailing address or email address set out in Exhibit A attached hereto, or to such other address as shall be notified in writing by one party to the other.
h)Parties to this Termination Agreement.  Nothing herein shall in any manner create any obligations or establish any rights against any non-party to this Termination Agreement or in favor of any person not a party to this Termination Agreement.
i)Governing Law, Litigation, Venue.  This Termination Agreement shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed entirely within such jurisdiction and without giving effect to its choice or conflict of laws rules or principles, and in a manner not in conflict with the provisions of the Investment Company Act, as applicable.  No claim or dispute of any kind or nature whatsoever arising out of or in any way relating to this Termination Agreement may be commenced, presented or continued in any court other than the courts of the State of New York located in the City and County of New York or in the United States District Court for the Southern District of New York, which courts shall have exclusive jurisdiction over the adjudication of such matters, and the parties consent to the jurisdiction of such courts and personal service. In addition, the parties hereby waive any right to a trial by jury with respect to any such dispute or matter.  In the event of litigation relating to this Termination Agreement, the prevailing party (as determined by a court of competent jurisdiction) shall be entitled to recover its costs and expenses (including, without limitation, legal fees and expenses) incurred in connection with such litigation from the non-prevailing party.

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j)No Joint Venture.  Nothing in this Termination Agreement may be interpreted or construed to create any joint venture, employment, partnership or other relationship between the Sub-Adviser and the Adviser.  
k)Entire Agreement.  This Termination Agreement contains the entire understanding between the Adviser and the Sub-Adviser concerning the subject matter of this Termination Agreement, and supersedes all prior agreements, arrangements and understandings, written or oral, between the parties on this subject matter.
[Signature page follows]
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IN WITNESS WHEREOF, the parties hereto have caused this Termination Agreement to be duly executed as of the date hereinabove written.
						
		ADVISER

OFS CAPITAL MANAGEMENT, LLC
By: /s/ Tod K. Reichert                             
Name:  Tod K. Reichert
Title:  Managing Director

		
		SUB-ADVISER

CIM CAPITAL IC MANAGEMENT, LLC
By: /s/ David Thompson                              
Name:  David Thompson
Title:  Vice President and Chief Financial Officer

Exhibit A

OFS CAPITAL MANAGEMENT, LLC
10 South Wacker Drive, Suite 2500 
Chicago, IL 60606
Attention: Tod K. Reichert, General Counsel
Email: treichert@ofsmangement.com
Tel: 847-734-2047
Fax: 847-734-7910

CIM CAPITAL IC MANAGEMENT, LLC
4700 Wilshire Blvd
Los Angeles, CA 90010
Attention: David Thompson, Vice President
Tel: 323-860-7413

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