Document:

EX-10.1

 Exhibit 10.1 

SLR Capital Partners, LLC 

500 Park Avenue 
 New
York, New York 10022 
 April 1, 2022 
 Messrs.
Michael S. Gross and Bruce J. Spohler 
 Co-Chief Executive Officers 

SLR Investment Corp. 
 500 Park Avenue 

New York, New York 10022 

Re:    Reduction of Base Management Fee 

Dear Messrs. Gross and Spohler: 
 Reference is
hereby made to the Third Amended and Restated Investment Advisory and Management Agreement (the “Investment Management Agreement”), dated August 2, 2018, by and between SLR Investment Corp. (f/k/a Solar Capital Ltd.)
(the “Company”) and SLR Capital Partners, LLC (f/k/a Solar Capital Partners, LLC) (the “Adviser”). Capitalized terms used but not defined herein shall have the meaning ascribed to them in the
Investment Management Agreement. 
 Reference is also hereby made to that certain agreement and plan of merger, dated as of December 1,
2021, among the Company, SLR Senior Investment Corp., Solstice Merger Sub, Inc., a Maryland corporation and wholly-owned direct consolidated subsidiary of the Company, and, solely for the limited purposes set forth therein, the Adviser (the
“Merger Agreement”). In accordance with Section 8.1(i) of the Merger Agreement, effective as of the Closing, as such term is defined in the Merger Agreement (the “Effective Date”), we hereby agree
to permanently calculate the Base Management Fee as indicated below (defined below as the “Reduced Base Management Fee”). 

Pursuant to the Investment Management Agreement, the Adviser, for its services to the Company, has been entitled to receive a Base Management
Fee from the Company calculated at an annual rate of 1.75% of the average of the value of the Company’s gross assets (excluding temporary assets acquired at the end of each fiscal quarter for purposes of preserving investment flexibility for
the next fiscal quarter); provided, however, the Base Management Fee is calculated at an annual rate of 1.00% of the average of the value of the Company’s gross assets (excluding temporary assets acquired at the end of each fiscal quarter for
purposes of preserving investment flexibility for the next fiscal quarter) that exceeds the product of (i) 200% and (ii) the value of the Company’s total net assets at the end of the immediately preceding calendar quarter. The Base
Management Fee is payable quarterly in arrears, and is calculated based on the average value of the Company’s gross assets at the end of the two most recently completed calendar quarters, and appropriately adjusted for any share issuances or
repurchases during the then-current calendar quarter. Base Management Fees for any partial month or quarter, including any partial month or quarter in which the Effective Date occurs, are appropriately
pro-rated. 
 As of the Effective Date, the Base Management Fee will be calculated at an annual rate
of 1.50% of the average of the value of the Company’s gross assets (excluding temporary assets acquired at the end of each fiscal quarter for purposes of preserving investment flexibility for the next fiscal quarter); provided, however, the
Base Management Fee will be calculated at an annual rate of 1.00% of the average of the value of the Company’s gross assets (excluding temporary assets acquired at the end of each fiscal quarter for purposes of preserving investment flexibility
for the next fiscal quarter) that exceeds the product of (i) 200% and (ii) the value of the Company’s total net assets at the end of the immediately 

 
preceding calendar quarter (collectively, the “Reduced Base Management Fee”). The Reduced Base Management Fee will be payable quarterly in arrears, and will be calculated
based on the average value of the Company’s gross assets at the end of each of the two most recently completed calendar quarters, and appropriately adjusted for any share issuances or repurchases during the then-current calendar quarter.
Reduced Base Management Fees for any partial month or quarter, including any partial month or quarter in which the Effective Date occurs, will be appropriately pro-rated. 

This letter agreement does not change the calculation of the incentive fees payable under the Investment Management Agreement. 

This letter agreement shall be governed by and interpreted and construed in accordance with the governing law provisions set forth in
Section 12 of the Investment Management Agreement. 
 No term or provision of this letter agreement may be amended, changed, waived,
altered or modified except by written instrument executed and delivered by the party against whom such amendment, change, waiver, alteration or modification is to be enforced. 

[Signature page to follow] 

 
			
	 Sincerely yours,

	SLR Capital Partners, LLC
		
	 By:
	 	 /s/ Michael S. Gross

		 	 Name: Michael S. Gross

		 	 Title: Managing Member

		
	 By:
	 	 /s/ Bruce J. Spohler

		 	 Name: Bruce J. Spohler

		 	 Title: Managing Member

 ACKNOWLEDGED AND ACCEPTED 

SLR Investment Corp. 
  

			
	By:	 	 /s/ Michael S. Gross

		 	Name: Michael S. Gross
		 	Title: Co-Chief Executive Officer
		
	 By:
	 	 /s/ Bruce J. Spohler

		 	 Name: Bruce J. Spohler

		 	 Title: Co-Chief Executive Officer

 [Signature Page to SLRC Fee Reduction Agreement]EX-10.2

 Exhibit 10.2 

Execution Version 

ASSUMPTION AGREEMENT 

THIS ASSUMPTION AGREEMENT (this “Agreement”), dated as of April 1, 2022, is made by SLR Investment Corp., a Maryland
corporation (“SLR”), for the benefit of the Administrative Agent (as defined below), in connection with the merger of SLR Senior Investment Corp., a Maryland corporation (“SLR Senior”), with and into SLR, with SLR
being the surviving entity (the ”Merger”). 
 WHEREAS, SLR Senior is party to (i) that certain Loan and
Servicing Agreement, dated as of August 26, 2011 (as amended by the First Amendment, dated as of November 7, 2012, as amended by the Second Amendment, dated as of September 3, 2013, as amended by the Third Amendment, dated as of
June 30, 2014, as amended by the Fourth Amendment, dated as of May 29, 2015, as amended by the Fifth Amendment, dated as of November 4, 2016, as amended by the Sixth Amendment, dated as of June 1, 2018, as amended by the Seventh
Amendment, dated as of March 27, 2020, as amended by the Eighth Amendment, dated as of May 27, 2021, as amended by the Ninth Amendment, dated as of June 7, 2021, and as amended by the Tenth Amendment, dated as of December 29,
2021 the “Loan and Servicing Agreement”), by and among SUNS SPV LLC as the borrower (the “Borrower”), SLR Senior as the servicer and the transferor, Citibank, N.A. as the administrative agent (in such capacity, the
“Administrative Agent”) and the collateral agent, Wells Fargo Bank, N.A. as the account bank, the backup servicer and the collateral custodian, and the other parties thereto; (ii) that certain Contribution Agreement, dated as
of August 26, 2011 (as amended, modified, waived, supplemented, restated or replaced from time to time, the “Contribution Agreement”), by and between the Borrower as the “contributee” and SLR Senior as the
“contributor”; and (iii) the other Transaction Documents (as defined in the Loan and Servicing Agreement) to which SLR Senior is a party; and 

WHEREAS, as of April 1, 2022 (the “Effective Date”), SLR Senior and SLR consummated the Merger, and SLR wishes to
enter into this Agreement to evidence SLR’s assumption of the obligations of SLR Senior as Servicer and Transferor under the Loan and Servicing Agreement, the Contribution Agreement and the other Transaction Documents to which SLR Senior is a
party. 
 NOW, THEREFORE, IT IS AGREED AS FOLLOWS: 

Section 1. Defined Terms. Capitalized terms used but not defined herein shall have the respective
meanings given them in the Loan and Servicing Agreement. 
 Section 2. Assumption. SLR hereby
(a) agrees for the benefit of the Administrative Agent that, as of the Effective Date, SLR assumes and undertakes the due and punctual performance and observance of all of the liabilities and obligations of SLR Senior, whenever accrued,
pursuant to the Loan and Servicing Agreement, the Contribution Agreement and the other Transaction Documents to which it is a party, including the due and punctual performance and observance of each covenant and condition therein required to be
performed or observed by SLR Senior thereunder; and (b) confirms that SLR (i) shall be deemed the party named as “Servicer” and “Transferor” (or as SLR Senior is otherwise named therein) for all purposes of the Loan and
Servicing Agreement, the Contribution Agreement and other Transaction Documents, as applicable, and (ii) shall be bound by, perform and observe all of the terms of the Loan and Servicing Agreement, the Contribution Agreement and other
Transaction Documents as if therein named “Servicer” and “Transferor” (or as SLR Senior is otherwise named therein), as applicable. 

 Section 3. Representations and Warranties. SLR
hereby represents and warrants that as of the date of this Agreement: 
  

	 	(a)	 SLR (i) is a solvent corporation duly incorporated, validly existing and in good standing under the laws
of the State of Maryland and (ii) has the corporate power and authority to own and hold its properties and to enter into and perform its obligations under this Agreement, the Loan and Servicing Agreement, the Contribution Agreement and the
other Transaction Documents, as applicable; 

  

	 	(b)	 (i) the execution and delivery of this Agreement and the performance by SLR of this Agreement, the Loan and
Servicing Agreement, the Contribution Agreement and the other Transaction Documents, as applicable, (A) are within SLR’s corporate power and have been duly authorized by all necessary corporate action on the part of SLR and (B) do not
require any stockholder approval, except such as has been duly obtained, and do not and will not violate the certificate of incorporation or bylaws of SLR or any current law, governmental rule, regulation, judgment or order binding on SLR; and
(ii) at the time of the Merger and after giving effect thereto, no Event of Default or Unmatured Event of Default has occurred and is continuing and no Change of Control has occurred; and 

 

	 	(c)	 this Agreement has been duly executed and delivered by SLR, and this Agreement and, as of the Effective Date,
the Loan and Servicing Agreement, the Contribution Agreement and the other Transaction Documents (as applicable) constitute the legal, valid and binding obligations of SLR enforceable against SLR in accordance with their respective terms, except as
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the rights of creditors or lessors generally and general principles of equity. 

Section 4. Notices. SLR’s address for notices given to the Servicer and/or Transferor under the
Transaction Documents shall be as provided in Section 12.02 of the Loan and Servicing Agreement. 
 Section 5.
Miscellaneous. 
  

	 	(a)	 This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors
and permitted assigns. 

  

	 	(b)	 No term or provision of this Agreement may be amended, modified or supplemented orally, but only by an
instrument in writing signed by the party against which the enforcement of the amendment, modification or supplement is sought. 

  

	 	(c)	 THIS AGREEMENT AND ANY CLAIM RELATED HERETO, WHETHER IN TORT OR IN CONTRACT, SHALL IN ALL RESPECTS BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER
THAN THE LAW OF THE STATE OF NEW YORK. THIS AGREEMENT HAS BEEN DELIVERED IN THE STATE OF NEW YORK. 

  

	 	(d)	 In relation to any legal action or proceeding arising out of or in connection with this Agreement, the Loan and
Servicing Agreement, the Contribution Agreement or any other Transaction Document to which it is a party, the subject matter hereof or thereof or any of the transactions contemplated hereby or thereby, SLR and each of the parties, to the maximum
extent permitted by applicable law, (i) irrevocably submits itself to the non-

  
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exclusive jurisdiction of each of the Supreme Court of the State of New York, New York County and the United States District Court for the Southern District of New York, each sitting in the
Borough of Manhattan, and other courts with jurisdiction to hear appeals from such courts and (ii) waives, and agrees not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, that the suit, action or
proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement, the Loan and Servicing Agreement, the Contribution Agreement or any other Transaction Document or the subject matter
hereof or thereof or any of the transactions contemplated hereby or thereby may not be enforced in or by such courts. 

  

	 	(e)	 This Agreement may be executed in counterparts and by the parties hereto in separate counterparts, each of
which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. Delivery of an executed counterpart signature page of this Agreement by email (PDF) or facsimile shall be effective as
delivery of a manually executed counterpart of this Agreement. The words “execution,” “execute”, “signed,” “signature,” and words of like import in or related to this Agreement and any document to be signed in
connection with this Agreement and the transactions contemplated hereby shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms (and, for the avoidance of doubt,
electronic signatures utilizing the DocuSign platform shall be deemed approved), 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, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records
Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

 [Signature page follows.]

  
 3 

 IN WITNESS WHEREOF, SLR has caused this Assumption Agreement to be duly executed by
its duly authorized representative as of the day and year first above written. 
  

			
	 SLR INVESTMENT CORP.

		
	 By:
	 	 /s/ Richard Peteka

	 Name:
	 	 Richard Peteka

	 Title:
	 	 Chief Financial Officer, Secretary and Treasurer

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