Document:

Exhibit 10.1

 

FORM
OF INVESTMENT ADVISORY AND MANAGEMENT AGREEMENT

 

This Agreement (“Agreement”)
is made as of [•], 2016 by and between Hancock Park Corporate Income, Inc.,
a Maryland corporation (the “Company”), and OFS CAPITAL MANAGEMENT, LLC, a Delaware limited liability company
(the “Adviser”).

 

WITNESSETH:

 

WHEREAS, the Company
is 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”);

 

WHEREAS, the Adviser
is an investment adviser that has registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”);
and

 

WHEREAS, the Company
desires to retain the Adviser to furnish investment advisory services to the Company, and the Adviser wishes to be retained to
provide such services, on the terms and conditions hereinafter set forth.

 

NOW, THEREFORE, in
consideration of the premises and the covenants hereinafter contained and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the Company and the Adviser hereby agree as follows:

 

1. Duties of the
Adviser.

 

(a)
Employment of the Adviser. The Company hereby employs the Adviser to act as the investment adviser to the Company
and to manage the investment and reinvestment of the assets of the Company, subject to the supervision of the Board of Directors
of the Company (the “Board”), during the term hereof and upon the terms and conditions herein set forth, in
accordance with:

 

(i)
the investment objectives, policies and restrictions that are determined by the Board from time to time and disclosed to
the Adviser, which objectives, policies and restrictions shall initially be those set forth in the Company’s Registration
Statement on Form 10, initially filed with the Securities and Exchange Commission (the “SEC”) on December 21,
2015, and as amended from time to time;

 

(ii)
the Investment Company Act and the Advisers Act; and

 

(iii)
all other applicable federal and state laws, rules and regulations, and the Company’s charter and bylaws.

 

The Adviser hereby
accepts such employment and agrees during the term hereof to render such services, subject to the payment of compensation provided
for herein.

    	 	 1	 

     

    

 
  

(b)
Certain Services. Without limiting the generality of Section 1(a) above, the Adviser shall:

 

(i)
determine the composition of the portfolio of the Company, the nature and timing of the changes thereto and the manner of
implementing such changes;

 

(ii)
assist the Company in determining the securities that the Company will purchase, retain, or sell;

 

(iii)
identify, evaluate and negotiate the structure of the investments made by the Company (including performing due diligence
on the Company’s prospective portfolio companies);

 

(iv)
execute, close, service and monitor the Company’s investments; and

 

(v)
provide the Company with such other investment advisory, management, research and related services as the Company may, from
time to time, reasonably require for the investment of its funds.

 

The Adviser shall have
the power and authority on behalf of the Company to effectuate its investment decisions for the Company, including the execution
and delivery of all documents relating to the Company’s investments and the placing of orders for other purchase or sale
transactions on behalf of the Company. In the event that the Company determines to incur debt financing, the Adviser shall arrange
for such financing on the Company’s behalf, subject to the oversight and any required approval of the Board. If it is necessary
for the Adviser to make investments on behalf of the Company through a special purpose vehicle, the Adviser shall have authority
to create or arrange for the creation of such special purpose vehicle and to make such investments through such special purpose
vehicle in accordance with the Investment Company Act.

 

(c)
Sub-Advisers. Subject to the requirements of the Investment Company Act (including any approval by the vote of holders
of a majority of outstanding voting securities of the Company required under Section 15(a) of the Investment Company Act), the
Adviser is hereby authorized to enter into one or more sub-advisory agreements with other investment advisers (each, a “Sub-Adviser”)
pursuant to which the Adviser may obtain the services of the Sub-Adviser(s) to assist the Adviser in providing the investment advisory
services required to be provided by the Adviser under this Agreement. Specifically, the Adviser may retain a Sub-Adviser to recommend
specific securities or other investments based upon the Company’s investment objectives, policies and restrictions, and work,
along with the Adviser, in structuring, negotiating, arranging or effecting the acquisition or disposition of such investments
and monitoring investments on behalf of the Company, subject to the oversight of the Adviser and the Board. Any sub-advisory agreement
entered into by the Adviser shall be in accordance with the requirements of the Investment Company Act and other applicable federal
and state law. The Company, and not the Adviser, shall be responsible for any compensation payable to any Sub-Adviser.

    	 	 2	 

     

    

 
  

(d)
Independent Contractors. The Adviser, and any Sub-Adviser, shall for all purposes herein each be deemed to be an
independent contractor and, except as expressly provided or authorized herein, shall have no authority to act for or represent
the Company in any way or otherwise be deemed an agent of the Company.

 

(e)
Books and Records. The Adviser shall keep and preserve for the period required by the Investment Company Act any
books and records relevant to the provision of its investment advisory services to the Company and shall specifically maintain
all books and records with respect to the Company’s portfolio transactions and shall render to the Board such periodic and
special reports as the Board may reasonably request. The Adviser agrees that all records that it maintains for the Company are
the property of the Company and shall surrender promptly to the Company any such records upon the Company’s request; provided
that the Adviser may retain a copy of such records.

 

2.Allocation of
Cost and Expenses.

 

(a) Personnel of
the Adviser. All investment professionals of the Adviser and/or its affiliates, when and to the extent engaged in providing
investment advisory services required to be provided by the Adviser under this Agreement, and the compensation and routine overhead
expenses of such personnel allocable to such services, shall be provided and paid for by the Adviser and not by the Company.

 

(b)
Costs. Other than those expenses specifically assumed by the Adviser pursuant to Section 2(a) above, the Company,
either directly or through reimbursement to the Adviser or its affiliates, shall bear all costs and expenses that are incurred
in its operation, administration and transactions, including those relating to:

 

(i) organizational
expenses including, without limitation, the cost of incorporation, including legal fees related to the organization of the
Company, its related documents of organization, and its initial operating agreements, independent audit of the
Company’s seed-stage financial statements, expenses related to its election to be treated as a business development
company under the Investment Company Act; and salaries and direct expenses of the Adviser’s employees, employees of its
affiliates and others while engaged in these activities (“Organizational Expenses”);

 

(ii) offering
expenses incurred by the Adviser and its affiliates on the Company’s behalf for legal, accounting, printing and other
offering expenses, including costs associated with technology integration between the Company’s systems and those of
its participating broker-dealers, permissible due diligence reimbursements, marketing expenses, salaries and direct
expenses of the Adviser’s employees, employees of its affiliates and others while engaged in marketing the
Company’s common stock, which will include development of marketing materials and marketing presentations and training
and educational meetings and generally coordinating the marketing process for the Company (“Offering
Expenses”);

 

(iii)
calculating the Company’s net asset value (including the cost and expenses of any independent valuation firm);

    	 	 3	 

     

    

 
  

(iv)
fees and expenses incurred by the Adviser payable to third parties, including agents, consultants or other advisors (including
Sub-Advisers), in monitoring financial and legal affairs for the Company and in monitoring the Company’s investments and
performing due diligence on its prospective portfolio companies or otherwise relating to, or associated with, evaluating and making
investments;

 

(v)
interest payable on debt, if any, incurred to finance the Company’s investments;

 

(vi)
sales and purchases of the Company’s common stock and other securities;

 

(vii)
distributions on the Company’s common stock and other securities;

 

(viii)
investment advisory and management fees payable by any subsidiary of the Company;

 

(ix)
administration fees and expenses, if any, payable under the Administration Agreement dated [•], 2016 (the “Administration
Agreement”) between the Company and OFS Capital Services, LLC, the Company’s administrator (“OFS Services”),
including payments based upon the Company’s allocable portion of OFS Services’ overhead in performing its obligations
under the Administration Agreement, including rent, necessary software licenses and subscriptions and the allocable portion of
the cost of the Company’s officers, including a chief executive officer, chief financial officer, chief compliance officer,
chief accounting officer, if any, and their respective staffs;

 

(x)
the allocated costs incurred by OFS Services as administrator in providing managerial assistance to those portfolio companies
of the Company that request it;

 

(xi)
transfer agent and custodial fees and expenses;

 

(xii)
federal and state registration fees;

 

(xiii)
all costs of registration and listing the Company’s shares on any securities exchange;

 

(xiv)
federal, state and local taxes;

 

(xv)
independent directors’ fees and expenses;

 

(xvi)
costs of preparing and filing reports or other documents required by the SEC or other regulators;

 

(xvii)
costs of any reports, proxy statements or other notices to shareholders, including printing
costs;

 

    	 	 4	 

     

    

 
  

(xviii)
the Company’s allocable portion of any fidelity bond, directors and officers/errors and omissions liability insurance,
and any other insurance premiums;

 

(xix)
indemnification payments;

 

(xx)
direct costs and expenses of administration, including printing, mailing, long distance telephone, copying, secretarial
and other staff, independent auditors and outside legal costs;

 

(xxi)
proxy voting expenses; and

 

(xxii)
all other expenses incurred by the Company or OFS Services in connection with administering the Company’s business.

 

Prior to
the effective date of this Agreement, the Adviser or its affiliates will bear Organization Expenses and Offering Expenses
on behalf of the Company and may continue to do so for so long as this Agreement remains in effect (such Organization
Expenses and Offering Expenses, the “Reimbursable Expenses”). Upon such time that this Agreement becomes
effective pursuant to Section 9(a) and for as long as this Agreement remains effective, the Adviser will be entitled to
receive reimbursement from the Company of Reimbursable Expenses it or its affiliates have paid on behalf of the Company, up
to 1.5% of the aggregate gross proceeds of the Company’s private placement offering on a best efforts, continuous basis
of up to $200,000,000 shares of the Company’s common stock. Following the three-year anniversary of the date on which
any Reimbursable Expense is incurred, the Adviser will not be entitled to receive any reimbursement from the Company of such
Reimbursable Expense the Adviser or its affiliates have paid on behalf of the Company.

 

3. Compensation
of the Adviser. The Company agrees to pay, and the Adviser agrees to accept, as compensation for the services provided by the
Adviser hereunder, a base management fee (the “Base Management Fee”) and an incentive fee consisting of two
parts (collectively, the “Incentive Fee”) as hereinafter set forth. The Company shall make any payments due
hereunder to the Adviser or to the Adviser’s designee as the Adviser may otherwise direct. To the extent permitted by applicable
law, the Adviser may elect, or the Company may adopt a deferred compensation plan pursuant to which the Adviser may elect, to defer
all or a portion of its fees hereunder for a specified period of time.

 

(a)
Base Management Fee.

 

(i) The Base
Management Fee shall be calculated at an annual rate of 2.0% based on the average value of the Company’s total assets (other
than cash or cash equivalents but including assets purchased with borrowed amounts and including assets owned by any consolidated
entity), at the end of the two most recently completed calendar quarters. The Base Management Fee is payable quarterly in arrears, and the Base Management
Fees for any partial quarter shall be prorated based on the number of days in such quarter.

 

    	 	 5	 

     

    

 
  

(b)
Incentive Fee – Income-Based Fee.

 

(i)
The first part of the Incentive Fee (the “Income-Based Fee”) shall be calculated and payable quarterly
in arrears based on the Company’s pre-Incentive Fee net investment income for the calendar quarter. For purposes of this
Agreement, pre-Incentive Fee net investment income for any given calendar quarter is calculated as (A) the sum of interest income,
dividend income and any other income (including any other fees, including commitment, origination and sourcing, structuring, diligence
and consulting fees or other fees that the Company receives from portfolio companies, but excluding fees for providing managerial
assistance) accrued by the Company during such quarter, minus (B) the Company’s operating expenses for such quarter (including
the Base Management Fee, any expenses payable under the Administration Agreement and any interest expense and dividends paid on
any issued and outstanding preferred stock, but excluding the Incentive Fee). Pre-Incentive Fee net investment income includes,
in the case of investments with a deferred interest feature (such as original issue discount, debt instruments with payment in
kind interest and zero coupon securities), accrued income that the Company has not yet received in cash. Pre-Incentive Fee net
investment income shall not include any realized capital gains, realized capital losses, unrealized capital appreciation or unrealized
capital depreciation.

 

(ii)
In calculating the Income-Based Fee for any given calendar quarter, the Company’s pre-Incentive Fee net investment
income, expressed as a rate of return on the value of the Company’s net assets at the end of the immediately preceding calendar
quarter (the “Rate of Return”), shall be compared to a hurdle rate of 1.75% per quarter (7.0% annualized) (the
“Hurdle Rate”). For purposes of this Agreement, net assets is calculated as total assets less indebtedness and
before taking into account any Incentive Fees payable during the relevant period. 

 

(iii)
The Company shall pay the Adviser an Income-Based Fee with respect to the Company’s pre-Incentive Fee net investment
income in each calendar quarter as follows:

 

(A)
no Income-Based Fee if the Rate of Return does not exceed the Hurdle Rate in such quarter;

 

(B)
100% of that portion of the Company’s pre-Incentive Fee net investment income, if any, with respect to which the Rate
of Return exceeds the Hurdle Rate but is less than 2.1875% in such quarter (8.75% annualized); and

 

(C)
20.0% of that portion of the Company’s pre-Incentive Fee net investment income, if any, with respect to which the
Rate of Return exceeds 2.1875% in such quarter (8.75% annualized).

 

There
shall be no accumulation of amounts on the Hurdle Rate from quarter to quarter, no claw back of amounts previously paid if
the Rate of Return in any subsequent quarter is below the Hurdle Rate and no delay of payment if the Rate of Return in any
prior quarters was below the Hurdle Rate. Income-Based Fees shall be adjusted for any share issuances or repurchases during
the calendar quarter, and Income-Based Fees for any partial quarter shall be prorated based on the number of days in such
quarter.

 

    	 	 6	 

     

    

 
  

(c)
Incentive Fee – Capital Gains Fee.

 

(i)
The second part of the Incentive Fee (the “Capital Gains Fee”) shall be calculated and payable in arrears
at the end of each calendar year (or, upon termination of this Agreement pursuant to Section 9 of this Agreement, as of the termination
date) based on the Company’s net capital gains. For purposes of this Agreement, net capital gains are calculated by subtracting
(A) the sum of the Company’s cumulative aggregate realized capital losses and aggregate unrealized capital depreciation from
(B) the Company’s cumulative aggregate realized capital gains. If such amount is positive at the end of the relevant calendar
year, then the Capital Gains Fee for such year shall be equal to 20.0% of such amount, less the aggregate amount of Capital Gains
Fees paid in all prior years. If such amount is negative, then there shall be no Capital Gains Fee for such year. If this Agreement
shall terminate as of a date that is not a calendar-year end, the termination date shall be treated as though it were a calendar-year
end for purposes of calculating and paying a Capital Gains Fee. Any Capital Gains Fee for any partial year shall be prorated based
on the number of days in such year.

 

(ii)
For purposes of this Agreement:

 

(A)
cumulative aggregate realized capital gains are calculated as the sum of the differences, if positive, between (1) the net
sales price of each investment in the Company’s portfolio when sold and (2) the accreted or amortized cost basis of such
investment;

 

(B)
cumulative aggregate realized capital losses are calculated as the sum of the differences, if negative, between (1) the
net sales price of each investment in the Company’s portfolio when sold and (2) the accreted or amortized cost basis of such
investment; and

 

(C)
aggregate unrealized capital depreciation is calculated as the sum of the differences, if negative, between (1) the valuation
of each investment in the Company’s portfolio as of the end of the relevant year and (2) the accreted or amortized cost basis
of such investment.

 

4. Representations,
Warranties and Covenants of the Adviser. The Adviser represents and warrants that it is registered as an investment adviser
under the Advisers Act. the Adviser agrees that its activities shall at all times be in compliance in all material respects with
all applicable federal and state laws governing its operations and investments, including the Investment Company Act and the Advisers
Act.

 

5.
Excess Brokerage Commissions. The Adviser is hereby authorized, to the fullest extent now or hereafter
permitted by law, to cause the Company to pay a member of a national securities exchange, broker or dealer an amount of
commission for effecting a securities transaction in excess of the amount of commission another member of such exchange,
broker or dealer would have charged for effecting that transaction, if the Adviser determines in good faith, taking into
account such factors as price (including the applicable brokerage commission or dealer spread), size of order, difficulty of
execution, and operational facilities of the firm and the firm’s risk and skill in positioning blocks of securities,
that such amount of commission is reasonable in relation to the value of the brokerage and/or research services provided by
such member, broker or dealer, viewed in terms of either that particular transaction or its overall responsibilities with
respect to the Company’s portfolio, and constitutes the best net results for the Company.

 

    	 	 7	 

     

    

 
  

6. Activities
of the Adviser. The services of the Adviser to the Company are not exclusive, and the Adviser and/or any of its affiliates
may engage in any other business or render similar or different services to others, including the direct or indirect sponsorship
or management of other investment-based accounts or commingled pools of capital, however structured, having investment objectives
similar to those of the Company, so long as its services to the Company hereunder are not materially impaired thereby, and nothing
in this Agreement shall limit or restrict the right of any member, manager, partner, officer or employee of the Adviser or any
such affiliate to engage in any other business or to devote his or her time and attention in part to any other business, whether
of a similar or dissimilar nature, or to receive any fees or compensation in connection therewith (including fees for serving
as a director of, or providing consulting services to, one or more of the Company’s portfolio companies, subject to applicable
law). So long as this Agreement or any extension, renewal or amendment remains in effect, the Adviser shall be the only investment
adviser for the Company, subject to the Adviser’s right to enter into sub-advisory agreements. the Adviser assumes no responsibility
under this Agreement other than to render the services called for hereunder. It is understood that directors, officers, employees
and shareholders of the Company are or may become interested in the Adviser and its affiliates, as directors, officers, employees,
partners, shareholders, members, managers or otherwise, and that the Adviser and directors, officers, employees, partners, shareholders,
members and managers of the Adviser and its affiliates are or may become similarly interested in the Company as directors, officers,
employees, shareholders or otherwise.

 

7. Responsibility
of Dual Directors, Officers and/or Employees. If any person who is a member, manager, partner, officer or employee of the Adviser
or OFS Services is or becomes a director, officer and/or employee of the Company and acts as such in any business of the Company,
then such member, manager, partner, officer and/or employee of the Adviser or OFS Services shall be deemed to be acting in such
capacity solely for the Company, and not as a member, manager, partner, officer or employee of the Adviser or OFS Services or under
the control or direction of the Adviser or OFS Services, even if paid by the Adviser or OFS Services.

 

8.
Limitation of Liability of the Adviser; Indemnification. The Adviser and its affiliates and its and its
affiliates’ respective directors, officers, employees, members, managers, partners and shareholders, each of whom shall
be deemed a third party beneficiary hereof (collectively, the “Indemnified Parties”), shall not be liable
to the Company or its subsidiaries or its and its subsidiaries’ respective directors, officers, employees, members,
managers, partners or shareholders for any action taken or omitted to be taken by the Adviser in connection with the
performance of any of its duties or obligations under this Agreement or otherwise as an investment adviser of the Company,
except to the extent specified in Section 36(b) of the Investment Company Act concerning loss resulting from a breach of
fiduciary duty (as the same is finally determined by judicial proceedings) with respect to the receipt of compensation for
services. The Company shall indemnify, defend and protect the Indemnified Parties and hold them harmless from and against all
claims or liabilities (including reasonable attorneys’ fees) and other expenses reasonably incurred by the Indemnified
Parties in or by reason of any pending, threatened or completed action, suit, investigation or other proceeding (including an
action or suit by or in the right of the Company or its security holders) arising out of or in connection with the
performance of any of the Adviser’s duties or obligations under this Agreement or otherwise as an investment adviser of
the Company. Notwithstanding the foregoing provisions of this Section 8 to the contrary, nothing contained herein shall
protect or be deemed to protect the Indemnified Parties against, or entitle or be deemed to entitle the Indemnified Parties
to indemnification in respect of, any liability to the Company or its security holders to which the Indemnified Parties would
otherwise be subject by reason of willful misfeasance, bad faith or gross negligence in the performance of such
Indemnified Party’s duties or by reason of such Indemnified Party’s reckless disregard of its obligations and
duties under this Agreement (as the same shall be determined in accordance with the Investment Company Act and any
interpretations or guidance by the SEC or its staff thereunder).

 

    	 	 8	 

     

    

 
  

9.Effectiveness,
Duration and Termination.

 

(a)
This Agreement shall become effective as of the date that the Company raises $1.0 million from the sale of shares of its
common stock in a private offering. This Agreement shall remain in effect for two years after such date, and thereafter shall continue
automatically for successive annual periods; provided that such continuance is specifically approved at least annually by:

 

(i)
the vote of the Board, or by the vote of holders of a majority of the outstanding voting securities of the Company; and

 

(ii)
the vote of a majority of the Company’s directors who are not “interested persons” (as such term is defined
in Section 2(a)(19) of the Investment Company Act) of any party hereto, in accordance with the requirements of the Investment Company
Act.

 

(b)
This Agreement may be terminated at any time, without the payment of any penalty, upon 60 days’ written notice, by
(i) the vote of holders of a majority of the outstanding voting securities of the Company, (ii) the vote of the Board or (iii)
the Adviser.

 

(c)
This Agreement shall automatically terminate in the event of its “assignment” (as such term is defined for purposes
of Section 15(a)(4) of the Investment Company Act); provided that nothing herein shall cause this Agreement to terminate upon or
otherwise restrict a transaction that does not result in a change of actual control or management of the Adviser.

 

(d) The
provisions of Section 8 of this Agreement shall remain in full force and effect, and apply to the Adviser and its
representatives as and to the extent applicable, and the Adviser shall remain entitled to the benefits thereof,
notwithstanding any termination or expiration of this Agreement. Further, notwithstanding the termination or expiration of
this Agreement as aforesaid, the Adviser shall be entitled to any amounts owed under Section 3 of this Agreement through the
date of termination or expiration.

 

    	 	 9	 

     

    

 
  

10. Third
Party Beneficiaries. Nothing in this Agreement, either express or implied, is intended to or shall confer upon any person
other than the parties hereto and the Indemnified Parties any legal or equitable right, benefit or remedy of any nature whatsoever
under or by reason of this Agreement.

 

11. Amendments
of this Agreement. This Agreement may not be amended or modified except by an instrument in writing signed by both parties
hereto, and upon the consent of shareholders of the Company in conformity with the requirements of the Investment Company Act.

 

12. Governing
Law; Waiver of Jury Trial. This Agreement shall be governed by, and construed in accordance with, the laws of the State of
New York, including Sections 5-1401 and 5-1402 of the New York General Obligations Law and New York Civil Practice Laws and Rules
327(b), and the applicable provisions of the Investment Company Act, if any. To the extent that the applicable laws of the State
of New York, or any of the provisions herein, conflict with the applicable provisions of the Investment Company Act, if any, the
latter shall control. The parties hereto unconditionally and irrevocably consent to the exclusive jurisdiction of the federal and
state courts located in the State of New York and waive any objection with respect thereto, for the purpose of any action, suit
or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. EACH PARTY HERETO IRREVOCABLY
WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY. The agreement of each party to waive its right to a jury trial will be binding on its successors and assigns
and will survive the termination of this Agreement.

 

13. No
Waiver. The failure of either party hereto to enforce at any time for any period the provisions of or any rights deriving from
this Agreement shall not be construed to be a waiver of such provisions or rights or the right of such party thereafter to enforce
such provisions, and no waiver shall be binding unless executed in writing by all parties hereto.

 

14. Severability.
If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any law or public policy,
all other terms and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or
legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to either party hereto.
Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto
shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible
in an acceptable manner in order that the transactions contemplated hereby are consummated as originally contemplated to the greatest
extent possible.

 

15. Headings.
The descriptive headings contained in this Agreement are for convenience of reference only and shall not affect in any way the
meaning or interpretation of this Agreement.

    	 	 10	 

     

    

 
  

16. Counterparts.
This Agreement may be executed in one or more counterparts, each of which when executed shall be deemed to be an original instrument
and all of which taken together shall constitute one and the same agreement.

 

17. Notices.
All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given or made (and shall
be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service (with signature required),
by facsimile, or by registered or certified mail (postage prepaid, return receipt requested) to the parties hereto at their respective
principal executive office addresses.

 

18. Entire
Agreement. This Agreement constitutes the entire agreement of the parties hereto with respect to the subject matter hereof
and supersedes all prior agreements and undertakings, both written and oral, between the parties hereto with respect to such subject
matter.

 

19. Certain
Matters of Construction.

 

(a)
The words “hereof”, “herein”, “hereunder” and words of similar import shall refer to
this Agreement as a whole and not to any particular Section or provision of this Agreement, and reference to a particular Section
of this Agreement shall include all subsections thereof.

 

(b)
Definitions shall be equally applicable to both the singular and plural forms of the terms defined, and references to the
masculine, feminine or neuter gender shall include each other gender.

 

(c)
The word “including” shall mean including without limitation.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

    	 	 11	 

     

    

 
  

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:	 
	 	 	Name:	  
	 	 	Title:	 
	 	 	 	 
	 	 	 	 
	 	OFS CAPITAL MANAGEMENT, LLC
	 	 	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 

 

	 

 

[Signature Page to Investment Advisory Agreement]

    	 	 12Exhibit 10.2

 

FORM OF INVESTMENT SUB-ADVISORY
AGREEMENT 

BY AND AMONG 

OFS CAPITAL MANAGEMENT, LLC, 

EVOLV CAPITAL ADVISORS LLC

AND 

HANCOCK PARK CORPORATE INCOME, INC.

 

THIS INVESTMENT SUB-ADVISORY
AGREEMENT (this “Agreement”) is made this [—] day
of [            ] 2016, by and among OFS Capital Management, LLC, a
Delaware limited liability company (the “Adviser”), Evolv Capital Advisors LLC, a Delaware limited liability
company (the “Sub-Adviser”), and Hancock Park Corporate Income, Inc., a Maryland corporation (the “BDC”).

 

WHEREAS, the Adviser
and the Sub-Adviser are investment advisers that are registered under the Investment Advisers Act of 1940, as amended (the “Advisers
Act”), and engage in the business of providing investment management services; and

 

WHEREAS, the Adviser
has been retained to act as the investment adviser to the BDC, a closed-end management investment company that has elected to be
regulated as a business development company under the Investment Company Act of 1940, as amended (the “1940 Act”),
pursuant to an Investment Advisory Agreement dated [—], 2016 (the “Advisory
Agreement”); and

 

WHEREAS, Section 1(c)
of the Advisory Agreement permits the Adviser, subject to the supervision and direction of the BDC’s board of directors (the
“Board”), to delegate certain of its duties thereunder to other investment advisers, subject to the requirements
of the 1940 Act; and

 

WHEREAS, the Adviser
desires to retain the Sub-Adviser to assist it in fulfilling certain of its obligations under the Advisory Agreement, and the Sub-Adviser
is willing to assist the Adviser in the manner and on the terms and conditions set forth in this Agreement.

 

NOW, THEREFORE, in
consideration of the premises and for other good and valuable consideration, the parties hereby agree as follows:

 

		1.	Duties of the Sub-Adviser.

		a.	Retention of Sub-Adviser. The Adviser hereby engages the Sub-Adviser to assist the Adviser in managing the investment
and reinvestment of the assets of the BDC in accordance with the terms set forth herein and subject to the supervision of the Board.

		b.	Responsibilities of Sub-Adviser. The Sub-Adviser shall, during the term and subject to the provisions of this Agreement:

		i.	Provide observations, advice and recommendations with respect
to the BDC’s existing and potential shareholders’ expectations regarding ongoing portfolio design and management, including:

		1.	the BDC’s asset allocation and potential acquisitions;

		2.	market trends and developments;

		3.	the BDC’s risk composition, including metrics such as weighted
average credit quality, industry diversification, geographic diversification, credit terms, etc; 

		4.	current or potential utilization of leverage or derivatives;
and

		5.	the BDC’s structure and operations and any proposed changes
thereto. 

    	 	 	 

    	

 

    
		ii.	Coordinate ongoing portfolio due diligence and communication
regarding and provide observations, advice and recommendations with respect to the BDC’s existing and potential shareholders’
expectations regarding:

		1.	Acquisitions and divestures; 

		2.	non-standard transactions;

		3.	macro and micro level market trends;

		4.	changes to the BDC; and

		5.	Adviser organizational changes. 

		iii.	Assist with identifying and managing ongoing third-party service
providers to the BDC, including transfer agent services, escrow services, investor relation services, distribution payment processing,
tax reporting, proxy voting, and any servicing broker-dealers.; and

		iv.	Any additional services mutually agreed upon by the parties.

Notwithstanding the foregoing, however, all investment decisions will ultimately be the responsibility of the Adviser. The Sub-Adviser shall not be responsible or liable for any such investment decision. Further, the parties acknowledge and agree that the Sub-Adviser shall only provide the services expressly set forth herein, and shall have no responsibility to provide any other services whatsoever.

		c.	Acceptance of Engagement. The Sub-Adviser hereby agrees during the term hereof to render
the services described herein for the compensation provided herein, subject to the limitations contained herein. The Sub-Adviser
shall seek to carry out its responsibilities under this Agreement in compliance with: (i) the BDC’s investment objectives,
policies and restrictions as set forth in the BDC’s then current private placement memorandum (the “Memorandum”)
or, if applicable, any registration statement filed with the Securities and Exchange Commission; (ii) such policies, directives,
regulatory restrictions and compliance policies as the Adviser may from time to time establish or issue and communicate to the
Sub-Adviser in writing; and (iii) applicable law and related regulations applicable to the Sub-Adviser.

		d.	Independent Contractor Status. The Sub-Adviser shall, for all purposes herein provided,
be deemed to be an independent contractor and, except as expressly provided or authorized herein, shall have no authority to act
for or represent the Adviser or the BDC in any way or otherwise be deemed an agent of the Adviser or the BDC.

		2.	Expenses.

		a.	Except as provided below in this Section 2, the Sub-Adviser assumes no obligation with respect
to, and shall not be responsible for, the expenses of the Adviser or the BDC in fulfilling the Sub-Adviser’s obligations
hereunder.

		b.	During the term of this Agreement, except as set forth herein, the Sub-Adviser shall pay all expenses
incurred by it in connection with the activities it undertakes to meet its obligations hereunder. The Sub-Adviser shall, at its
sole expense, employ or consult with such persons as it believes to be qualified to assist it in the execution of its duties under
this Agreement, including without limitation, persons employed or otherwise retained by the Sub-Adviser or made available to the
Sub-Adviser by its affiliates. From to time to time, if the Sub-Adviser requests and the Adviser agrees in writing, the Adviser
may cause the Sub-Adviser to be reimbursed, directly or indirectly, for certain expenses by the BDC. The Sub-Adviser shall maintain
records of all such expenses and provide such records to the BDC or the Adviser upon their reasonable request.

    	 	 	 

    	

 

    
		c.	Upon the reasonable request of the Sub-Adviser, the Adviser shall permit representatives of the
Sub-Adviser to examine, make copies of, and meet with representatives of the Adviser to discuss and ask questions regarding, the
books and records of the Adviser and the BDC, as applicable, and the Adviser shall furnish the Sub-Adviser and its representatives
with such additional financial, operating and other data and information as the Sub-Adviser may reasonably request. Such examinations
and meetings shall be made during normal business hours and with the least amount of interference with the BDC’s and Adviser’s,
as applicable, business and operations as reasonably practicable.

		d.	Upon the reasonable request of the Adviser, the Sub-Adviser shall permit representatives of the
Adviser to examine, make copies of, and meet with representatives of the Sub-Adviser to discuss and ask questions regarding, the
books and records of the Sub-Adviser, and the Sub-Adviser shall furnish the Adviser and its representatives with such additional
financial, operating and other data and information as the Adviser may reasonably request. Such examinations and meetings shall
be made during normal business hours and with the least amount of interference with the Sub-Adviser’s business and operations
as reasonably practicable.

		e.	Upon the reasonable request of the Sub-Adviser, the BDC shall permit representatives of the Sub-Adviser
to meet with the BDC’s directors who are not “interested persons” (as such term is defined in Section 2(a)(19)
of the 1940 Act) (“Independent Directors”). Such meetings shall take place during normal business hours,
at a mutually agreeable date and time and with the least amount of interference with the BDC’s business and operations as
reasonably practicable. The Adviser shall be permitted to have a representative attend any of these meetings.

		f.	The parties hereto acknowledge and agree that the following categories of expenses shall constitute
the only categories of personnel expenses for which the Adviser or the BDC’s administrator may seek reimbursement from the
BDC in furtherance of and in addition to the expenses described in Section 2 of the Advisory Agreement: (i) compliance; (ii) legal;
(iii) accounting and SEC and shareholder reporting obligations; (iv) administration; (v) operations; (vi) investor
relations and other shareholder services: (vii) marketing (solely related to marketing the services of the BDC); and (viii) similar
functions performed in connection with the operation of the BDC.

		3.	Compensation. In consideration for the Sub-Adviser’s services hereunder, with
respect to each Term Year (as defined herein), the Adviser shall pay the Sub-Adviser the fee described herein, payable quarterly
in arrears within ten (10) business days of when fees are paid to the Adviser.

		a.	With respect to any fees payable by the BDC during a Term Year (including without limitation the
Base Management Fees and Incentive Fees, as such terms are defined in the Advisory Agreement, collectively referred to herein as
the “Advisory Fees”), the Sub-Adviser shall be entitled to receive 20% of any such amounts; provided,
however, that such amounts will accrue but will not be payable to the Sub-Adviser until the Adviser has been reimbursed by the
BDC (i) for any Organization Expenses (as defined in the Advisory Agreement) for which it is entitled to be reimbursed, or would
be so entitled but for the passage of time, pursuant to the terms of the Advisory Agreement, and (ii) for any amounts, other than
amounts attributable to Offering Expenses (as defined in the Advisory Agreement), for which it is entitled to be reimbursed, or
would be so entitled but for the passage of time, pursuant to the terms of the expense support and conditional reimbursement agreement
between the Adviser and the BDC. For the avoidance of doubt, Advisory Fees shall be deemed for purposes hereof to include
Incentive Fees received by the Adviser in connection with the orderly liquidation of the BDC’s assets.

		b.	In the event that this Agreement is terminated other than at the end of a calendar year, for purposes
of determining fees payable to the Sub-Adviser under this Section 3 during the Term Year in which such termination occurs,
the Advisory Fees payable to the Adviser shall be calculated as if the Advisory Agreement terminated as of the termination date
of this Agreement.

For purposes of this Agreement,
a “Term Year” shall mean each annual period beginning on the Effective Date (as defined in Section 9
hereof) or anniversary thereof, and ending on the day prior to the anniversary of the Effective Date.

    	 	 	 

    	

 

    

		4.	Representations, Warranties and Covenants of the Sub-Adviser. The Sub-Adviser represents,
warrants and covenants to the Adviser and the BDC as follows:

		a.	The Sub-Adviser is registered as an investment adviser under the Advisers Act and shall maintain
such registration during the term of this Agreement;

		b.	The Sub-Adviser is a limited liability company duly organized and validly existing under the laws
of the State of Delaware with the power to carry on its duties and obligations hereunder;

		c.	The execution, delivery and performance by the Sub-Adviser of this Agreement are within the Sub-Adviser’s
powers and have been duly authorized by all necessary action on the part of its managing member and no action by or in respect
of, or filing with, any governmental body, agency or official is required on the part of the Sub-Adviser for the execution, delivery
and performance by the Sub-Adviser of this Agreement, and the execution, delivery and performance by the Sub-Adviser of this Agreement
do not contravene or constitute a default under (i) any provision of applicable law, rule or regulation, (ii) the Sub-Adviser’s
governing instruments, or (iii) any agreement, judgment, injunction, order, decree or other instrument binding upon the Sub-Adviser;

		d.	The Form ADV (the “Form ADV”) of the Sub-Adviser previously provided
to the Adviser is a true and complete copy of the form as currently filed with the Securities and Exchange Commission (the “SEC”)
and the information contained therein is accurate and complete in all material respects and does not omit to state any material
fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading.
The Sub-Adviser will promptly provide the Adviser and the BDC with a complete copy of all subsequent amendments to its Form ADV;

		e.	The Sub-Adviser has adopted a written code of ethics and compliance policies complying with the
requirements of Rule 204A-1 of the Advisers Act and will provide the Adviser and the BDC with a copy of such code and policies,
together with evidence of their adoption and implementation. Within 20 days of the end of each calendar quarter during which this
Agreement remains in effect, a duly authorized officer of the Sub-Adviser shall certify to the Adviser or the BDC that the Sub-Adviser
has complied with the requirements of Rule 17j-1 of the 1940 Act during the previous quarter and that there have been no material
violations of the Sub-Adviser’s code of ethics or compliance policies or, if such a violation has occurred, that appropriate
action has been taken in response to such violation. Upon the written and reasonable request of the Adviser or the BDC, the Sub-Adviser
shall permit representatives of the Adviser or the BDC, including compliance consultants retained by the Adviser or the BDC at
the sole expense of the Sub-Adviser, to examine the reports (or summaries of the reports) required to be made to the Sub-Adviser
by Rule 17j-1(c)(1) of the 1940 Act and other records or personnel (including examinations conducted at the offices of the Sub-Adviser)
evidencing enforcement of the code of ethics and compliance procedures; provided, however, that such examinations
shall: (x) be made during normal business hours and with the least amount of interference with the Sub-Adviser’s business
and operations as reasonably practicable; and (y) shall be conducted no less frequently than annually after the first anniversary
of this Agreement unless the Adviser or BDC has cause, in their reasonable judgment, to conduct such examinations more frequently;
and

		f.	In connection with the services provided under this Agreement, the Sub-Adviser shall comply with
all requirements applicable to the investment adviser of a business development company like the BDC under the Advisers Act and
the 1940 Act in all material respects.

		5.	Representations, Warranties and Covenants of the Adviser. The Adviser represents,
warrants and covenants to the Sub-Adviser and the BDC (as applicable) as follows:

		a.	The Adviser is registered as an investment adviser under the Advisers Act and shall maintain such
registration;

		b.	The Adviser is a limited liability company duly organized and validly existing under the laws of
the State of Delaware with the power to carry on its duties and obligations hereunder;

    	 	 	 

    	

 

    
		c.	The execution, delivery and performance by the Adviser of this Agreement are within the Adviser’s
powers and have been duly authorized by all necessary action and no action by or in respect of, or filing with, any governmental
body, agency or official is required on the part of the Adviser for the execution, delivery and performance by the Adviser of this
Agreement, and the execution, delivery and performance by the Adviser of this Agreement do not contravene or constitute a default
under (i) any provision of applicable law, rule or regulation, (ii) the Adviser’s governing instruments, or (iii) any
agreement, judgment, injunction, order, decree or other instrument binding upon the Adviser;  

		d.	The Form ADV of the Adviser previously provided to the Sub-Adviser is a true and complete copy
of the form as currently filed with the SEC and the information contained therein is accurate and complete in all material respects
and does not omit to state any material fact necessary in order to make the statements made, in light of the circumstances under
which they were made, not misleading;

		e.	The Adviser has duly entered into the Advisory Agreement and this Agreement;

		f.	The Adviser has adopted a written code of ethics complying with the requirements of Rule 204A-1
of the Advisers Act and will provide the Sub-Adviser with a copy of that code, together with evidence of its adoption; and

		g.	In connection with the services provided under the Advisory Agreement, the Adviser shall comply
with all requirements applicable to the investment adviser of a business development company like the BDC, including the Advisers
Act and the 1940 Act, in all material respects.

		6.	Representations, Warranties and Covenants of the BDC. The BDC represents and warrants
to the Sub-Adviser and the Adviser as follows:

		a.	The BDC is a closed-end investment company that has elected to be regulated as a business development
company under the 1940 Act;

		b.	The BDC is a Maryland corporation duly incorporated and validly existing under the laws of the
State of Maryland with the power to own and possess its assets and carry on its business as it is now being conducted;

		c.	The execution, delivery and performance by the BDC of this Agreement are within the BDC’s
powers and have been duly authorized by all necessary action and no action by or in respect of, or filing with, any governmental
body, agency or official is required on the part of the BDC for the execution, delivery and performance by the BDC of this Agreement,
and the execution, delivery and performance by the BDC of this Agreement do not contravene or constitute a default under (i) any
provision of applicable law, rule or regulation, (ii) the BDC’s governing instruments, or (iii) any agreement,
judgment, injunction, order, decree or other instrument binding upon the BDC;

		d.	The BDC has duly entered into this Agreement and the Advisory Agreement pursuant to which the BDC
authorized the Adviser to enter into this Agreement;

		e.	The BDC shall comply with all requirements applicable to a business development company like the
BDC, including the Advisers Act and the 1940 Act, in all material respects;

		7.	Survival of Representations, Warranties and Covenants; Duty to Update Information.
All representations, warranties and covenants made by the Sub-Adviser, the Adviser and the BDC pursuant to Section 4, 5 and
6, respectively, shall survive for the duration of this Agreement and each party hereto shall promptly notify the other parties
hereto in writing upon becoming aware that any of the foregoing representations, warranties and covenants made by it are no longer
true in any material respect.

		8.	Liability and Indemnification.

		a.	The duties of the Sub-Adviser shall be confined to those expressly set forth in Section 1(b)
hereof and the Sub-Adviser expressly disclaims liability for any other duties. The Sub-Adviser shall not be liable for any loss,
damage, liability, cost or expense (including reasonable attorneys’ fees and amounts paid in settlement) (collectively, “Losses”)
arising in connection with the BDC’s activities, except a Loss resulting from the Sub-Adviser’s willful misfeasance,
bad faith or gross negligence in the performance of its duties, or by reason of reckless disregard of its obligations and duties
hereunder, except as may otherwise be provided under provisions of applicable state law which cannot be waived or modified hereby,
in each case, as the same is finally determined by judicial proceedings. (As used in this Section 8(a), the term “Sub-Adviser”
shall include, without limitation, its affiliates and the Sub-Adviser’s and its affiliates’ respective partners, shareholders,
directors, members, principals, officers, managers, employees agents and controlling persons, including, without limitation, the
Sub-Adviser’s managing member, each of which shall be deemed a third party beneficiary for purposes hereof).

    	 	 	 

    	

 

    
		b.	The Sub-Adviser shall indemnify the Adviser and BDC against any Loss arising from, or in connection
with, the Sub-Adviser’s breach of the terms, representations and warranties herein or otherwise based upon the performance
of the Sub-Adviser’s duties or obligations under this Agreement, including by reason of any pending, threatened or completed
claim, action, suit, investigation or other proceeding or regulatory or self-regulatory inquiry (including an action or suit by
or in the right of the BDC (and its officers, managers, partners, agents, employees, controlling persons, members and any other
person or entity affiliated with the Sub-Adviser, including, without limitation, its manager); provided, however, that the Adviser
shall not be indemnified for any Loss that is sustained as a result of the Adviser’s willful misfeasance, bad faith, or gross
negligence in the performance of the Adviser’s duties or by reason of the reckless disregard of the Adviser’s duties
and obligations under this Agreement, in each case, as the same is finally determined by judicial proceedings.

		c.	The BDC shall indemnify the Sub-Adviser for any Loss whatsoever, arising from, or in connection
with, the Sub-Adviser’s performance of its obligations under this Agreement, and the Adviser shall indemnify the Sub-Adviser
(as defined in Section 8(a)) against any Loss arising from, or in connection with, the Adviser’s breach of the terms,
representations and warranties herein or otherwise based upon the performance of the Adviser’s duties or obligations under
this Agreement or as investment adviser of the BDC, including by reason of any pending, threatened or completed claim, action,
suit, investigation or other proceeding or regulatory or self-regulatory inquiry (including an action or suit by or in the right
of the BDC or the Adviser (and its officers, managers, partners, agents, employees, controlling persons, members and any other
person or entity affiliated with the Adviser, including, without limitation, its manager); provided, however, that the Sub-Adviser
shall not be indemnified for any Loss that is sustained as a result of the Sub-Adviser’s willful misfeasance, bad faith,
or gross negligence in the performance of the Sub-Adviser’s duties or by reason of the reckless disregard of the Sub-Adviser’s
duties and obligations under this Agreement, in each case, as the same is finally determined by judicial proceedings.

		d.	With respect to any claim of indemnification hereunder, the BDC or the Adviser, as the case may
be, shall make advance payments in connection with the expenses of defending any action with respect to which indemnification might
be sought hereunder if it receives a written undertaking to make reimbursement if it is finally judicially determined that such
person is not entitled to indemnification, and if, in the case of advances by the BDC, a majority of the Independent Directors
or an opinion of independent counsel determines, based on a review of readily available factors (as opposed to a trial determination)
that there is reason to believe that the Sub-Adviser will ultimately be found to be entitled to indemnification.

		e.	Nothing in this Section 8 shall be construed so as to provide for the indemnification of any
party or any limitation on the liability of any party that would, in either case, be in violation of applicable law, but such provisions
shall otherwise be construed so as to effectuate the provisions of this Section 8 to the fullest extent permitted by applicable
law.

		9.	Duration and Termination of Agreement.

		a.	Term and Effectiveness. This Agreement shall become effective as of the date that the BDC
meets the minimum offering requirement, as such term is defined in the Memorandum (the “Effective Date”).
Subject to Section 9(b) below, this Agreement shall remain in effect for two years, and thereafter shall continue automatically
for successive one-year periods, provided that such continuance is specifically approved at least annually by (i) the vote
of the Board, including the vote of a majority of the BDC’s Independent Directors, in accordance with the requirements of
the 1940 Act, or (ii) by the vote of the holders of a majority of the outstanding voting securities of the BDC.

    	 	 	 

    	

 

    
		b.	Termination. This Agreement may be terminated at any time: (i) by the BDC or the Adviser
upon not less than 60 days’ prior written notice to the Sub-Adviser and upon either of the following: (A) the vote of
the holders of a majority of the outstanding voting securities of the BDC or (B) the vote of a majority of the board of directors
including a vote of a majority of the Independent Directors, or (ii) by the Sub-Adviser upon not less than 60 days’
prior written notice to the Adviser and the BDC. This Agreement shall automatically terminate in the event of (1) its “assignment”
(as such term is defined for purposes of Section 15(a)(4) of the 1940 Act and the regulations promulgated thereunder) or (2) the
termination of the Advisory Agreement.

		c.	(i) Effect of Expiration or Termination. If this Agreement expires as a result of a
failure for its continuation to be approved in accordance with Section 9(a) for Cause (as defined herein), is terminated pursuant
to Section 9(b)(i) for Cause or is terminated pursuant to Section 9(b)(ii) without Good Reason (as defined herein), then
the Sub-Adviser shall be entitled to receive all amounts and any accrued but unreimbursed expenses payable to it and not yet paid
pursuant to Sections 2 and 3 hereof, as applicable. The Adviser may also elect to enforce the restriction on the Sub-Adviser contained
in the proviso in Section 10(a), which shall in the case of such election survive until the third anniversary of the Effective
Date.

(ii)  For purposes of the
foregoing, “Cause” means any of the following, determined in the reasonable discretion of the Adviser:
(A) the Sub-Adviser would be subject to disability under Section 9(a) of the 1940 Act on account of action by itself
or a person subject to its supervision in the absence of receiving an exemptive order under Section 9(c) of the 1940 Act;
(B) the Sub-Adviser becomes subject to disability under Section 9(a) or (b) of the 1940 Act; (C) the Sub-Adviser
breaches this Agreement in any material respect and fails to cure such breach within 30 days after notice by the Adviser; or (D)
Adviser’s continued retention of the Sub-Adviser under the terms and conditions of this Agreement would otherwise violate
any federal or state law, rule, or regulation; and the term “Good Reason” means any of the following,
determined in the reasonable discretion of the Adviser: (A) the Adviser is subject to any of the same potential disabilities,
disabilities or penalties as are set forth for the Sub-Adviser in clauses (A) or (B) of the definition of “Cause”;
or (B) the Adviser or the BDC breaches this Agreement in any material respect and fails to cure such breach within 30 days
after notice by the Sub-Adviser.

 

(iii) If this Agreement expires
as a result of a failure for its continuation to be approved in accordance with Section 9(a) other than for Cause, is terminated
pursuant to Section 9(b)(i) other than for Cause or is terminated pursuant to Section 9(b)(ii) for Good Reason, then
the Sub-Adviser shall be entitled to receive all amounts and any accrued but unreimbursed expenses, payable to it and not yet paid
pursuant to Sections 2 and 3 hereof, as applicable, and in addition to such amount, for a period of three years following the last
day of the calendar quarter in which such termination becomes effective (the “Termination Date”), but
only so long as the Adviser or an affiliate serves as the investment adviser to the BDC, the Adviser shall pay the Sub-Adviser,
in consideration of the efforts of the Sub-Adviser in assisting in the initial structuring and development of the BDC, an amount
(the “Additional Amount”) equal to, for each quarter commencing with the first quarter following the
Termination Date, 20% of all Advisory Fees paid by the BDC to the Adviser with respect to such quarter, multiplied by the Additional
Amount Percentage (as defined herein).

 

(iv) For purposes of the foregoing,
“Adjusted Termination Value” means the BDC’s net asset value on the Termination Date, reduced by
4.0% of such for each consecutive quarter for which the Additional Amount is paid; and the term “Additional Amount
Percentage” means the Adjusted Termination Value divided by the BDC’s net asset value at the close of the most
recently completed calendar quarter, but with a maximum value of one (1.00).

 

(v) The Additional Amount shall
be paid within 20 days after each month in which the BDC makes any payment on which such amount is based and shall be calculated
in accordance with Section 3 hereof except as specifically set forth in subsections (iii) and (iv) above.

 

    	 	 	 

    	

 

    
		d.	The provisions of (i) Sections 8, 11 and 14 of this Agreement shall remain in full force and
effect and the Sub-Adviser shall remain entitled to the benefits thereof notwithstanding any termination or expiration of this
Agreement, (ii) Section 10 of this Agreement shall remain in full force and effect notwithstanding any termination or
expiration of this Agreement to the extent provided in Section 9(c) above and (iii) Sections 3(c), 3(d) and 5(h) shall
remain in full force and effect and the Sub-Adviser shall remain entitled to the benefits thereof notwithstanding any termination
or expiration of this Agreement if and to the extent that the consequences set forth in Section 9(c)(ii) apply in the event
of such termination or expiration.

		10.	Services Not Exclusive.

		a.	Nothing in this Agreement shall prevent the Sub-Adviser or any member, manager, officer, employee
or other affiliate thereof from engaging in any other lawful activity and shall not in any way limit or restrict the Sub-Adviser
or any of its members, managers, officers, employees or agents from buying, selling or trading any securities for its or their
own accounts or for the accounts of others for whom it or they may be acting.

		b.	Nothing in this Agreement shall prevent the Adviser or any member, manager, officer, employee or
other affiliate thereof from engaging in any other lawful activity and shall not in any way limit or restrict the Adviser or any
of its members, managers, officers, employees or agents from buying, selling or trading any securities for its or their own accounts
or for the accounts of others for whom it or they may be acting.

		11.	Brand Usage. The Sub-Adviser conducts its investment advisory business under, and
has the right to use, the licensed trade name Evolv Capital Advisors, LLC and/or the licensed logo as set forth on Schedule A attached
hereto (collectively, the “Brand”). Upon the terms and subject to the conditions set forth in this Section 10,
the Sub-Adviser hereby grants to the Adviser a revocable, non-exclusive, non-transferable and non-sublicensable (except as expressly
provided herein) royalty-free limited license (the “License”) to use the Brand solely (i) in connection
with the BDC’s (a) public filings; (b) requests for information from state and federal regulators; (c) offering
materials and advertising materials; and (d) press releases, and (ii) for the Adviser or BDC, as applicable, to state
in such materials that investment advisory services are being provided by the Sub-Adviser to the BDC under the terms of this Agreement.
Prior to using the Brand in any manner (including for the uses described in clauses (i) and (ii) above), the BDC or the
Adviser, as applicable, shall submit all proposed uses of the Brand to the Sub-Adviser for prior written approval. The Adviser
agrees to (x) control the use of the Brand in accordance with the standards and policies as established between the Adviser
and the Sub-Adviser and (y) only use the Brand if it has received the prior written approval of the Sub-Adviser for such specific
use. At no time shall the Adviser contest the validity of the Brand or use the Brand other than in accordance with this Agreement.
The Sub-Adviser reserves the right to terminate the License immediately upon written notice for any reason, including, without
limitation, if any use of the Brand by the Adviser or the BDC is not in compliance with the standards and policies as established
between the Adviser and the Sub-Adviser. Unless terminated earlier by the Sub-Adviser, the term of the License shall be for the
term of this Agreement only, including any renewals and extensions, and the right to use the Brand as provided herein shall terminate
immediately upon the termination or expiration of this Agreement or the investment sub-advisory relationship between the Adviser
and the Sub-Adviser. The Adviser and BDC agree that the Sub-Adviser is the sole owner of the Brand, and any and all goodwill in
the Brand arising from the Adviser’s or BDC’s use of the Brand shall inure solely to the benefit of the Sub-Adviser.
Without limiting the foregoing, the License shall have no effect on the BDC’s ownership rights of the works within which
the Brand shall be used in accordance with this Section 11. The Adviser may sublicense its rights under the License solely
to the BDC; provided that any use of the Brand by the BDC shall be upon the same terms and conditions as contained herein and the
Adviser shall remain liable for the BDC’s use of the Brand.

		12.	Notices. Any notice under this Agreement shall be given in writing, addressed and
delivered or mailed, postage prepaid, to each of the other party at its principal office.

		13.	Amendments. This Agreement may be amended by mutual consent of the parties, subject
to the requirements of applicable law.

    	 	 	 

    	

 

    
		14.	Entire Agreement; Governing Law. This Agreement contains the entire agreement of
the parties and supersedes all prior agreements, understandings and arrangements with respect to the subject matter hereof. 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 Delaware. For so long as the BDC is regulated as a BDC under the 1940 Act, this Agreement shall also be
construed in accordance with the applicable provisions of the 1940 Act. In such case, to the extent the applicable laws of the
State of Delaware or any of the provisions herein, conflict with the provisions of the 1940 Act, the latter shall control.

		15.	Severability. If any provision of this Agreement shall be declared illegal, invalid,
or unenforceable in any jurisdiction, then such provision shall be deemed to be severable from this Agreement (to the extent permitted
by law) and in any event such illegality, invalidity or unenforceability shall not affect the remainder hereof.

		16.	Counterparts. This Agreement may be executed in counterparts, each of which shall
be deemed to be an original copy and all of which together shall constitute one and the same instrument binding on both parties
hereto, notwithstanding that both parties shall not have signed the same counterpart.

		17.	Third Party Beneficiaries. Except as otherwise provided in Section 8 hereof,
this Agreement is for the sole benefit of the parties hereto and their permitted assigns and nothing herein express or implied
shall give or be construed to give to any person, other than the parties hereto and such assigns, any legal or equitable rights
hereunder.

[Remainder of page intentionally left
blank; Signature page to follow]

 

    	 	 	 

    	

 

    

IN WITNESS WHEREOF, the parties hereto have caused this Agreement
to be duly executed on the date above written.

 

	 	 	 
	OFS CAPITAL MANAGEMENT, LLC
	 	 
	By:	 	
 

	Name:	 	 
	Title:	 	 
	 
	EVOLV CAPITAL ADVISORS LLC
	 	 
	By:	 	
 

	Name:	 	 
	Title:	 	 
	 
	HANCOCK PARK CORPORATE INCOME, INC.
	 	 
	By:	 	
 

	Name:	 	 
	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00259-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00259-of-00352.parquet"}]]