Document:

Exhibit 10.9

 

EXECUTION VERSION

 

TRADEMARK
LICENSE AGREEMENT

 

This TRADEMARK LICENSE
AGREEMENT (this “Agreement”) is made and effective as of the date hereof, by and between Golub Capital LLC,
a Delaware limited liability company (the “Licensor”), and Golub Capital Investment Corporation, a corporation
organized under the laws of the State of Maryland (the “Licensee”) (each a “party,” and collectively,
the “parties”).

 

RECITALS

 

WHEREAS, Licensee is a
newly organized, externally managed, closed-end, non-diversified management investment company that has filed an election to be
treated as a business development company under the Investment Company Act of 1940, as amended (the “1940 Act”);

 

WHEREAS, Licensor, together
with its affiliates, provides investment management, investment consultation and investment advisory services;

 

WHEREAS, Licensor and its
affiliates, including GC Advisors LLC, a Delaware limited liability company (“Adviser”), have used the mark
“Golub Capital” (the “Licensed Mark”) in the United States of America (the “Territory”)
in connection with the investment management, investment consultation and investment advisory services they provide;

 

WHEREAS, the Licensee is
entering into an investment advisory and management agreement with Adviser (the “Advisory Agreement”), wherein
Licensee shall engage Adviser to act as the investment adviser to the Licensee;

 

WHEREAS, it is intended
that Adviser be a third party beneficiary of this Agreement; and

 

WHEREAS, Licensee desires
to use the Licensed Mark as part of its corporate name and in connection with the operation of its business, and Licensor is willing
to grant Licensee a license to use the Licensed Mark, subject to the terms and conditions of this Agreement.

 

NOW, THEREFORE, in consideration
of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties agree as follows:

 

ARTICLE
1.

LICENSE GRANT

 

1.1.          License.
Subject to the terms and conditions of this Agreement, Licensor hereby grants to Licensee, and Licensee hereby accepts from Licensor,
a personal, non-exclusive, royalty-free right and license to use the Licensed Mark solely and exclusively as a component of Licensee’s
own corporate name and in connection with marketing the investment management, investment consultation and investment advisory
services that Adviser may provide to Licensee. During the term of this Agreement, Licensee shall use the Licensed Mark only to
the extent permitted under this License, and except as provided above, neither Licensee nor any affiliate, owner, director, officer,
employee or agent thereof shall otherwise use the Licensed Mark or any derivative thereof in the Territory without the prior express
written consent of Licensor in its sole and absolute discretion and shall not use the Licensed Mark for any purpose outside the
Territory. All rights not expressly granted to Licensee hereunder shall remain the exclusive property Licensor.

 

     

     

    

 

1.2.          Nothing
in this Agreement shall preclude Licensor or any of its successors or assigns from using or permitting other entities to use the
Licensed Mark, whether or not such entity directly or indirectly competes or conflicts with Licensee’s business in any manner.

 

ARTICLE
2.

COMPLIANCE

 

2.1.          Quality
Control. In order to preserve the inherent value of the Licensed Mark, Licensee agrees to use reasonable efforts to ensure
that it maintains the quality of the Licensee’s business and the operation thereof equal to the standards prevailing in the
operation of Licensee’s business as of the date of this Agreement. The Licensee further agrees to use the Licensed Mark in
accordance with such quality standards as may be reasonably established by Licensor and communicated to the Licensee from time
to time in writing, or as may be agreed to by Licensor and the Licensee from time to time in writing.

 

2.2.          Compliance
With Laws. Licensee agrees that the business operated by it in connection with the Licensed Mark shall comply with all laws,
rules, regulations and requirements of any governmental body in the Territory or elsewhere as may be applicable to the operation,
marketing, and promotion of the business and shall notify Licensor of any action that must be taken by Licensee to comply with
such law, rules, regulations or requirements.

 

2.3.          Notification
of Infringement. Each party shall immediately notify the other party and provide to the other party all relevant background
facts upon becoming aware of (a) any registrations of, or applications for registration of, marks in the Territory that do or may
conflict with the Licensor’s rights in the Licensed Mark or the rights granted to the Licensee under this Agreement, (b)
any infringements or misuse of the Licensed Mark in the Territory by any third party (“Third Party Infringement”),
or (c) any claim that Licensee’s use of the Licensed Mark infringes the intellectual property rights of any third party in
the Territory (“Third Party Claim”). Licensor shall have the exclusive right, but not the obligation, to prosecute,
defend and/or settle in its sole discretion, all actions, proceedings and claims involving any Third Party Infringement or Third
Party Claim, and to take any other action that it deems necessary or proper for the protection and preservation of its rights in
the Licensed Mark. Licensee shall cooperate with Licensor in the prosecution, defense or settlement of such actions, proceedings
or claims.

 

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ARTICLE
3.

REPRESENTATIONS AND WARRANTIES

 

3.1.          Licensee
accepts this license on an “as is” basis. Licensee acknowledges that Licensor makes no explicit or implicit representation
or warranty as to the registrability, validity, enforceability, ownership of the Licensed Mark, or as to Licensee’s ability
to use the Licensed Mark without infringing or otherwise violating the rights of others, and Licensor has no obligation to indemnify
Licensee with respect to any claims arising from Licensee’s use of the Licensed Mark, including without limitation any Third
Party Claim.

 

3.2.          Mutual
Representations. Each party hereby represents and warrants to the other party as follows:

 

(a)          Due
Authorization. Such party is a limited liability company duly formed or a corporation duly incorporated, as applicable, and
is in good standing as of the date hereof, and the execution, delivery and performance of this Agreement by such party have been
duly authorized by all necessary action on the part of such party.

 

(b)          Due
Execution. This Agreement has been duly executed and delivered by such party and, upon due authorization, execution and delivery
of this Agreement by the other party, constitutes a legal, valid and binding obligation of such party, enforceable against such
party in accordance with its terms.

 

(c)          No
Conflict. Such party’s execution, delivery and performance of this Agreement do not: (i) violate, conflict with or result
in the breach of any provision of the operating agreement, charter or bylaws (or similar organizational documents) of such party;
(ii) conflict with or violate any governmental order applicable to such party or any of its assets, properties or businesses; or
(iii) conflict with, result in any breach of, constitute a default (or event which with the giving of notice or lapse of time,
or both, would become a default) under, require any consent under, or give to others any rights of termination, amendment, acceleration,
suspension, revocation or cancellation of any contract, agreement, lease, sublease, license, permit, franchise or other instrument
or arrangement to which it is a party.

 

ARTICLE
4.

TERM AND TERMINATION

 

4.1.          Term.
This Agreement shall expire if the Adviser or one of its affiliates ceases to serve as investment adviser to the Licensee. This
Agreement shall be terminable by Licensor at any time and in its sole discretion in the event that Licensor or Licensee receives
notice of any Third Party Claim arising out of Licensee’s use of the Licensed Mark; by Licensor or Licensee upon sixty (60)
days’ written notice to the other party; or by Licensee at any time in the event Licensee assigns or attempts to assign or
sublicense this Agreement or any of Licensee’s rights or duties hereunder without the prior written consent of Licensor.

 

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4.2.          Upon
Termination. Upon expiration or termination of this Agreement, all rights granted to Licensee under this Agreement with respect
to the Licensed Mark shall cease, and Licensee shall immediately delete the term “Golub Capital” from its corporate
name and shall discontinue all other use of the Licensed Mark. For twenty-four (24) months following termination of this Agreement,
Licensee shall specify on all public-facing materials in a prominent place and in prominent typeface that Licensee is no longer
operating under the Licensed Mark, is no longer associated with Licensor, or such other notice as may be deemed necessary by Licensor
in its sole discretion in its prosecution, defense, and/or settlement of any Third Party Claim.

 

ARTICLE
5.

MISCELLANEOUS

 

5.1.          Third
Party Beneficiaries. The parties agree that Adviser shall be a third party beneficiary of this Agreement, and shall have the
rights and protections provided to Licensee under this Agreement. Nothing in this Agreement, either express or implied, is intended
to or shall confer upon any third party other than Adviser any legal or equitable right, benefit or remedy of any nature whatsoever
under or by reason of this Agreement.

 

5.2.          Assignment.
Licensee shall not sublicense, assign, pledge, grant or otherwise encumber or transfer to any third party all or any part of its
rights or duties under this Agreement, in whole or in part, without the prior written consent from Licensor, which consent Licensor
may grant or withhold in its sole and absolute discretion. Any purported transfer without such consent shall be void ab initio.

 

5.3.          Independent
Contractor. Neither party shall have, or shall represent that it has, any power, right or authority to bind the other party
to any obligation or liability, or to assume or create any obligation or liability on behalf of the other party.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 respective parties at the following
addresses (or such other address as the parties may provide to each other by written Notice):

 

If to Licensor:

 

Golub Capital LLC

150 South Wacker Drive, Suite 800

Chicago, Illinois 60606

Tel. No.: 312.205.5050

Fax No.: 312.201.9167

Attn: Member

 

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If to Licensee:

 

Golub Capital Investment Corporation

150 South Wacker Drive, Suite 800

Chicago, Illinois 60606

Tel. No.: 312.205.5050

Fax No.: 312.201.9167

Attn: Chief Executive Officer

 

5.4.          Governing
Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York. The parties
unconditionally and irrevocably consent to the exclusive jurisdiction of the 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.

 

5.5.          Amendment.
This Agreement may not be amended or modified except by an instrument in writing signed by each party hereto.

 

5.6.          No
Waiver. The failure of either party 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.

 

5.7.          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 any party. 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.

 

5.8.          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.

 

5.9.          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.

 

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

 

[Remainder of Page Intentionally
Left Blank]

 

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IN WITNESS WHEREOF, each party has caused this
Agreement to be executed as of the December 31, 2014 by its duly authorized officer.

 

	 	LICENSOR:
	 	 	 
	 	GOLUB CAPITAL LLC
	 	 	 
	 	By:	/s/ David B. Golub
	 	 	Name:	 David B. Golub
	 	 	Title: 	Manager
	 	 	 
	 	LICENSEE:
	 	 	 
	 	GOLUB CAPITAL INVESTMENT CORPORATION
	 	 	 
	 	By:	/s/ David B. Golub
	 	 	Name: 	David B. Golub
	 	 	Title:	 President and Chief Executive Officer

 

ACKNOWLEDGED AND AGREED TO

AS OF DECEMBER 31, 2014

 

	GC ADVISORS LLC	 
	 	 	 
	By:	/s/ David B. Golub	 
	 	Name: 	David B. Golub	 
	 	Title: 	PresidentExhibit 10.10

  

DIVIDEND REINVESTMENT PLAN

OF

GOLUB CAPITAL INVESTMENT CORPORATION

 

Golub Capital Investment
Corporation, a Maryland corporation (the “Corporation”), has adopted the following plan (the “Plan”),
to be administered by the plan administrator (the “Plan Administrator”), with respect to dividends and other
distributions declared by its Board of Directors on shares of its common stock, par value $0.001 per share (the “Common
Stock”) :

 

1.          Unless
a stockholder specifically elects to receive cash as set forth below, all cash dividends or other distributions hereafter declared
by the Board of Directors, net of any applicable withholding tax, shall be automatically reinvested in additional shares
of Common Stock, and no action shall be required on such stockholder’s part to receive a distribution in Common Stock.

 

2.          Such
distributions shall be payable on such date or dates as may be fixed from time to time by the Board of Directors to stockholders
of record at the close of business on the record date established by the Board of Directors for the distribution involved.

 

3.          With
respect to each distribution pursuant to this Plan, the Board of Directors reserves the right, subject to the provisions of the
Investment Company Act of 1940, as amended, to issue new shares of Common Stock for the accounts of Participants (as defined below).
The number of shares of Common Stock to be issued to a Participant is determined by dividing the total dollar amount of the distribution
payable to such stockholder by the most recent quarterly net asset value per share as determined by the Board of Directors minus
any prior distributions since the end of such quarter (“NAV Per Share”).

 

4.          The
Plan Administrator shall establish an account for shares of Common Stock acquired pursuant to the Plan for each stockholder who
has not so elected to receive distributions in cash (each a “Participant”). The Plan Administrator may hold
each Participant’s shares, together with the shares of other Participants, in non-certificated form in the Plan Administrator’s
name or that of its nominee. Upon request by a Participant, received in writing no later than three days prior to the record date,
the Plan Administrator shall, instead of crediting shares to and/or carrying shares in a Participant’s account, issue a certificate
registered in the Participant’s name or a written statement in accordance with the bylaws of the Corporation for the number
of whole shares of Common Stock payable to the Participant and a check for any fractional share. The Plan Administrator is authorized
to deduct a $15.00 transaction fee in connection therewith.

 

5.          The
Plan Administrator shall confirm to each Participant each acquisition made pursuant to the Plan as soon as practicable but not
later than 30 business days after the payable date. Although each Participant may from time to time have an undivided fractional
interest (computed to three decimal places) in a share of Common Stock, no certificates for a fractional share of Common Stock
shall be issued. However, distributions on fractional shares shall be credited to each Participant’s account. In the event
of termination of a Participant’s account under the Plan, the Plan Administrator shall adjust for any such undivided fractional
interest in cash at the most recent NAV Per Share at the time of termination.

 

     

     

    

 

6.          The
Plan Administrator shall forward to each Participant any Corporation-related proxy solicitation materials and each Corporation
report or other communication to stockholders, and shall vote any shares held by it under the Plan in accordance with the instructions
set forth on proxies returned by Participants to the Corporation.

 

7.          In
the event that the Corporation makes available to its stockholders rights to purchase additional shares or other securities, the
shares held by the Plan Administrator for each Participant under the Plan shall be added to any other shares held by the Participant
in certificated form in calculating the number of rights to be issued to the Participant. Transaction processing may be either
curtailed or suspended until the completion of any stock dividend, stock split or corporate action.

 

8.          The
Plan Administrator’s service fee, if any, and expenses for administering the Plan shall be paid for by the Corporation. There
will be no brokerage charges or other charges to stockholders who participate in the Plan.

 

9.          Each
participant may elect to receive an entire distribution in cash by notifying the Plan Administrator in writing so that such notice
is received by the Plan Administrator no later than the record date for distributions to stockholders.

 

10.         Each
Participant may terminate his or its account under the Plan by so notifying the Plan Administrator. Such termination shall be effective
immediately if the Participant’s notice is received by the Plan Administrator at least three days prior to any distribution
date; otherwise, such termination shall be effective only with respect to any subsequent distribution. The Plan may be terminated
or amended by the Corporation upon notice in writing mailed to each Participant at least 30 days prior to any record date for the
payment of any dividend by the Corporation. Upon any termination, the Plan Administrator shall cause a certificate or certificates
to be issued for the full shares of Common Stock held for the Participant under the Plan and a cash adjustment for any fractional
share to be delivered to the Participant without charge to the Participant.

 

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11.         These
terms and conditions may be amended or supplemented by the Corporation at any time but, except when necessary or appropriate to
comply with applicable law or the rules or policies of the Securities and Exchange Commission or any other regulatory authority,
only by mailing to each Participant appropriate written notice at least 30 days prior to the effective date thereof. The amendment
or supplement shall be deemed to be accepted by each Participant unless, prior to the effective date thereof, the Plan Administrator
receives written notice of the termination of his, her or its account under the Plan. Any such amendment may include an appointment
by the Plan Administrator in its place and stead of a successor agent under these terms and conditions, with full power and authority
to perform all or any of the acts to be performed by the Plan Administrator under these terms and conditions. Upon any such appointment
of any agent for the purpose of receiving distributions, the Corporation shall be authorized to pay to such successor agent, for
each Participant’s account, all distributions payable on shares of the Corporation held in the Participant’s name or
under the Plan for retention or application by such successor agent as provided in these terms and conditions.

 

12.         The
Plan Administrator shall at all times act in good faith and use its best efforts within reasonable limits to ensure its full and
timely performance of all services to be performed by it under this Plan and to comply with applicable law, but assumes no responsibility
and shall not be liable for loss or damage due to errors unless such error is caused by the Plan Administrator’s negligence,
bad faith or willful misconduct or that of its employees or agents.

 

13.         These
terms and conditions shall be governed by the laws of the State of New York.

 

Adopted November
17, 2014 and effective December 31, 2014

 

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