Document:

EX-10.3

 Exhibit 10.3 

EXECUTION COPY 
 AMENDED
AND RESTATED FEE LETTER 
 May 9, 2014 

RPM Funding Corporation 
 2628 Pearl Road, Suite 100 

Medina, Ohio 44256 
 Attention: Treasurer 

Ladies and Gentlemen: 
 This is the
“Fee Letter” referred to in the Amended and Restated Receivables Purchase Agreement dated as of May 9, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the
“Agreement”) among RPM Funding Corporation (the “Seller”), RPM International, Inc. (“RPM-Delaware”),
as initial Servicer, Fifth Third Bank (“Fifth Third”) and PNC Bank, National Association, (“PNC” and each of Fifth Third and PNC, a
“Purchaser” and, collectively, the “Purchasers”), and PNC, in its capacity as administrative agent for the Purchasers (in such capacity, together
with its successors and assigns, the “Administrative Agent”). This Fee Letter amends and restates that certain amended and restated fee letter, dated as of May 31, 2011 (as amended, restated or supplemented prior to the
date hereof, the “Prior Fee Letter”). This Fee Letter is not intended to constitute a novation of the Prior Fee Letter, and all fees that have accrued under the Prior Fee Letter prior to the date
hereof shall be payable by the Seller in accordance with the terms thereof. Capitalized terms used in this Fee Letter and not otherwise defined herein shall have the respective meanings ascribed thereto in, or by reference in, the Agreement. 

In addition to any fees and expenses payable pursuant to the Agreement: 

1. On or prior to the date hereof, the Seller hereby agrees to pay to each Purchaser, a fully-earned and non-refundable fee in immediately
available funds equal to the product of (a) such Purchaser’s Commitment on the date hereof after giving effect to the Agreement and (b) 0.10% (the “Amendment Fee”);
provided, however, that the Amendment Fee otherwise payable to PNC shall be paid to PNC Capital Markets LLC for its own account; and 

2. The Seller hereby agrees to pay to each of the Purchasers, a fully-earned and non-refundable fee for each day equal to the product of
(a) the Unused Fee Percentage (as defined below) on such day and (b) the excess, if any, of (i) the Purchase Limit on such day, over (ii) the Aggregate Capital on such day (each such fee, a “Unused
Fee”), from the date hereof until the later of the Facility Termination Date and the date following the Facility Termination Date when the Aggregate Unpaids have been indefeasibly paid in full, payable in immediately available funds in
arrears monthly on each Settlement Date for the immediately preceding calendar month. 

 RPM Funding Corporation 

Page 2 
 For purposes of this Fee Letter the
following terms shall have the following meanings: 
 “ Usage Percentage” shall mean, on any date of determination,
the applicable percentage in the left-hand column of the table set forth below calculated as (i) the Aggregate Capital on such day, divided by (ii) the Purchase Limit on such day. 

“Unused Fee Percentage” shall mean the applicable percentage in the right-hand column of the table set forth above. 

 

					
	 Usage Percentage
	  	Unused Fee Percentage	 
	 > 50%
	  	 	0.30	% 
	 > 25% and < 50%
	  	 	0.40	% 
	 < 25%
	  	 	0.50	% 

 All per annum fees shall be calculated on the basis of the actual number of
days elapsed and a 360-day year. Any amount not paid when due shall bear interest at the Alternate Base Rate plus 4.0%. 
 For the purpose
of the Agreement and each of the other Transaction Documents “Applicable Margin” means 0.70%. 

Notwithstanding anything contained in Section 10.4 of the Agreement to the contrary, unless an Amortization Event or Potential
Amortization Event has occurred and is continuing, the Seller shall not be obligated to reimburse the Administrative Agent and the Purchasers for the reasonable fees and disbursements of more than one law firm and third party due diligence and audit
provider. 
 Each of the parties hereto agrees not to disclose any of the terms of this Fee Letter to any Person other than the parties
hereto and except as otherwise permitted pursuant to Section 14.5 of the Agreement. 
 No amendment or waiver of this Fee Letter shall
in any event be effective unless the same shall be in writing and signed by each of the parties hereto (other than PNC Capital Markets LLC), and then such amendment or waiver shall be effective only in the specific instance and for the specific
purpose for which given. 
 Upon receipt by the Administrative Agent of counterparts hereof, duly executed by each of the parties hereto,
this Fee Letter shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors and assigns; provided, however, that the Seller shall not assign its obligations hereunder without the express
written consent of each of the parties hereto. 
 THIS FEE LETTER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF
THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF OTHER 

 RPM Funding Corporation 

Page 3 
 THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK
GENERAL OBLIGATIONS LAW WHICH SHALL APPLY HERETO). 
 [Signature Pages To Follow]

 RPM Funding Corporation 

 

			
	 Very truly yours,
  

PNC BANK, NATIONAL ASSOCIATION, as Administrative Agent and a Purchaser

		
	By:	 	/s/ Mark Falcione
	Name:	 	Mark Falcione
	Title:	 	Executive Vice President

  

			
	FIFTH THIRD BANK, as a Purchaser
		
	By:	 	 
	Name:	 	
	Title:	 	

  

			
	PNC CAPITAL MARKETS LLC
		
	By:	 	/s/ Mark Falcione
	Name:	 	Mark Falcione
	Title:	 	Executive Vice President

 A&R Fee Letter 

  
 S-1 

 RPM Funding Corporation 

 

			
	 Very truly yours,
  

PNC BANK, NATIONAL ASSOCIATION, as Administrative Agent and a Purchaser

		
	By:	 	 
	Name:	 	
	Title:	 	

  

			
	FIFTH THIRD BANK, as a Purchaser
		
	By:	 	/s/ Andrew D. Jones
	Name:	 	Andrew D. Jones
	Title:	 	Vice President

 A&R Fee Letter 

  
 S-2 

 RPM Funding Corporation 

Agreed to and Accepted as of the date first above written: 
  

			
	RPM FUNDING CORPORATION
		
	By:	 	/s/ Edward W Moore
	Name:	 	Edward W Moore
	Title:	 	Secretary

 A&R Fee Letter 

  
 S-3EX-10.2

 Exhibit 10.2 

AMENDED AND RESTATED OPERATING EXPENSE RESPONSIBILITY AGREEMENT 

This Amended and Restated Operating Expense Responsibility Agreement, entered into on the date set forth below, is by and among TriLinc
Global, LLC, a Delaware limited liability company (“Sponsor”), TriLinc Advisors, LLC, a Delaware limited liability company (“Advisor”), and TriLinc Global Impact Fund, LLC, a Delaware limited liability company (“Fund”
and together with the Sponsor and the Advisor, the “Parties”). 
 WHEREAS, the Sponsor has agreed to be responsible for the
payment of the Fund’s cumulative operating costs incurred through March 31, 2014 (collectively as set forth in Exhibit A hereto and referred to as “Fund Expenses”). 

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

	1.	Expense Responsibility for Fund Expenses. The Sponsor shall pay the Fund Expenses and will not seek reimbursement of the Fund Expenses until the Fund has raised at least $200 million of gross proceeds (the
“Gross Proceeds Hurdle”) in the Company’s public offering of units of its limited liability company interest pursuant to the Registration Statement on Form S-1 (File No. 333-185676),
as declared effective by the Securities and Exchange Commission on February 25, 2013. To the extent the Fund is not successful in satisfying the Gross Proceeds Hurdle, no amount will be payable by the Fund for reimbursement to the Sponsor of
the Fund Expenses. 

  

	2.	Entire Agreement. This Agreement sets forth the entire agreement of the Parties with respect to the matters contained herein and no prior or contemporaneous agreement or understanding pertaining to any such
matter shall be effective for any purpose. 

  

	3.	Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Delaware, without regard to its principles of conflicts of laws. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the parties have executed this Agreement on May 9, 2014 

 

			
	TRILINC GLOBAL, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	TRILINC ADVISORS, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	TRILINC GLOBAL IMPACT FUND, LLC
		
	By:	 	  

	Name:	 	
	Title:	 	

 Exhibit A 

Schedule of Services Incurred by TriLinc Global Impact Fund, LLC through March 31, 2014 

 

							
	 Vendor
	  	 Description of Services
	  	Amount	 
	 AccuConference
	  	Communications	  	$	1,610	  
	 ANDE
	  	2013-2014 Membership	  	 	5,000	  
	 ASTA
	  	Document Translation	  	 	1,167	  
	 Bank of NY Mellon
	  	Fund Administration	  	 	75,000	  
	 Bank of NY Mellon
	  	Bank fees	  	 	11,785	  
	 Board of Managers
	  	Board Wages	  	 	229,625	  
	 Board of Managers
	  	Board Meeting	  	 	38,728	  
	 Credit Cards
	  	Travel - Dead deal costs	  	 	62,987	  
	 Deloitte & Touche
	  	Audit	  	 	283,566	  
	 Deloitte & Touche
	  	Tax services	  	 	56,477	  
	 DST Systems, Inc.
	  	Transfer Agent	  	 	164,087	  
	 Duff & Phelps
	  	Valuation services	  	 	10,225	  
	 Emtek Solutions, LLC
	  	PAES/TAS	  	 	7,875	  
	 Federal Agent
	  	PAES/TAS	  	 	12,750	  
	 Greenberg Traurig
	  	Legal Services	  	 	225,143	  
	 IDB Bank
	  	Due Diligence	  	 	50,000	  
	 iUVO Talent
	  	PAES/TAS	  	 	12,318	  
	 Josh Zuckerwise
	  	Travel expenses	  	 	4,023	  
	 Legatum Global Development Limited
	  	PAES/TAS	  	 	292,500	  
	 Lewis Kopp
	  	Expense reimbursement	  	 	14,348	  
	 Maples and Calder
	  	Legal Services	  	 	10,138	  
	 MF Analytics
	  	PAES/TAS	  	 	65,159	  
	 PathNorth
	  	2013 Core Membership	  	 	4,167	  
	 Paul Sanford
	  	Travel expenses	  	 	5,212	  
	 Payroll
	  	PAES/TAS	  	 	150,091	  
	 Robert Mora
	  	PAES/TAS	  	 	97,791	  
	 Rothstein Kass
	  	SOX Implementation/Compliance	  	 	62,077	  
	 RR Donnelley
	  	10-Q & 8-K Processing	  	 	35,970	  
	 Spolin Cohen
	  	Legal Services	  	 	30,818	  
	 State of California
	  	Franchise fees	  	 	1,695	  
	 State of Delaware
	  	Franchise fees	  	 	250	  
	 Steve Napleton
	  	Travel expenses	  	 	8,979	  
	 Tanir Helayel
	  	PAES/TAS	  	 	6,779	  
	 Trilinc Advisors, LLC
	  	Copies, postage and miscellaneous	  	 	6,825	  
	 Trilinc Advisors, LLC
	  	eFront	  	 	44,002	  
	 Trilinc Advisors, LLC
	  	Management fees	  	 	175,805	  
	 Trilinc Advisors, LLC
	  	Incentive fees	  	 	97,405	  
	 Troy Wiseman
	  	Expense reimbursement	  	 	9,701	  
	 Trustees of Tufts College
	  	PAES/TAS	  	 	18,150	  
	 Various
	  	PAES/TAS	  	 	14,601	  
	 Willis
	  	Fund Insurance	  	 	63,565	  
		  		  	  
	  
	 
		  		  	$	2,468,394

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