Document:

EX-10.8

 Exhibit 10.8 

FORM OF TRADEMARK LICENSE AGREEMENT 

This TRADEMARK LICENSE AGREEMENT (this “Agreement”) is made and effective as of _________, 2022 (the
“Effective Date”) by and between Varagon Capital Partners, L.P., a Delaware limited partnership (the “Licensor”), and Varagon Capital Corporation, a Maryland corporation (the
“Licensee”) (each a “party,” and collectively, the “parties”). 

RECITALS 
 WHEREAS,
the Licensor has certain common law rights in the trade name “Varagon” (the “Licensed Mark”); 
 WHEREAS,
the Licensor has applied to register the Licensed Mark as a trademark in the United States of America, Canada and the European Union (the “Territory”); 

WHEREAS, the Licensee is a closed-end investment company that intends to elect to be regulated as a
business development company under the Investment Company Act of 1940, as amended; 
 WHEREAS, pursuant to the Investment Advisory
Agreement, dated as of _________, 2022, by and between VCC Advisors, LLC (the “Adviser”) and the Licensee (the “Advisory Agreement”), the Licensee has engaged the Adviser to act as the investment
adviser to the Licensee; 
 WHEREAS, the Adviser is a wholly-controlled subsidiary of the Licensor; and 

WHEREAS, the Licensee desires to use the Licensed Mark in connection with the operation of its business, and the Licensor is willing to permit
the Licensee 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, the Licensor hereby grants to the Licensee, and the
Licensee hereby accepts from the Licensor, a personal, non-exclusive, royalty-free right and license to use the Licensed Mark in the Territory solely and exclusively as an element of the Licensee’s own
company name and in connection with the conduct of its business. Except as provided above, neither the Licensee nor any affiliate, owner, director, officer, employee or agent thereof shall otherwise use the Licensed Mark or any derivative thereof
without the prior express written consent of the Licensor in its sole and absolute discretion. All rights not expressly granted to the Licensee hereunder shall remain the exclusive property of the Licensor. 

1.2 Licensor’s Use. Nothing in this Agreement shall preclude the Licensor, its affiliates or any of their respective 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 the Licensee’s business in any manner. 

ARTICLE 2 
 OWNERSHIP 

2.1 Ownership. The Licensee acknowledges and agrees that the Licensor is the owner of all right, title and interest in and to the
Licensed Mark, and all such right, title and interest shall remain with the Licensor. The Licensee shall not otherwise contest, dispute or challenge the Licensor’s right, title and interest in and to the Licensed Mark. 

2.2 Goodwill. All goodwill and reputation generated by the Licensee’s use of the Licensed Mark shall inure to the benefit of the
Licensor. The Licensee shall not by any act or omission use the Licensed Mark in any manner that disparages or reflects adversely on the Licensor or its business or reputation. Except as expressly provided herein, neither party may use any trademark
or service mark of the other party without that party’s prior written consent, which consent shall be given or withheld in that party’s sole discretion. 

 ARTICLE 3 

COMPLIANCE 
 3.1 Quality
Control. To preserve the inherent value of the Licensed Mark, the 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 the Licensor’s and the 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 the Licensor
and communicated to the Licensee from time to time in writing, or as may be agreed to by the Licensor and the Licensee from time to time in writing. 

3.2 Compliance with Laws. The Licensee agrees that the business operated by it in connection with the Licensed Mark shall comply in all
material respects with all laws, rules, regulations and requirements of any governmental body in the Territory or elsewhere as may be applicable to the operation, advertising and promotion of the business, and shall notify the Licensor of any action
that must be taken by the Licensee to comply with such law, rules, regulations or requirements. 
 3.3 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 (i) any registrations of, or applications for registration of, marks in the Territory that do or may
conflict with the Licensed Mark, and (ii) any infringements, imitations or illegal use or misuse of the Licensed Mark in the Territory by any third party or (iii) any claim that Licensee’s use of the Licensed Mark infringes the
intellectual property rights of any third party in the Territory. 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
infringement or claim. Licensee shall cooperate with Licensor in the prosecution, defense or settlement of such actions, proceedings or claims. 

ARTICLE 4 
 REPRESENTATIONS AND
WARRANTIES 
 4.1 Mutual Representations. Each party hereby represents and warrants to the other party as follows: 

 

	 	(a)	 Due Authorization. Such party is duly formed and in good standing as of the Effective Date, 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, with due
authorization, execution and delivery 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 organizational documents of such party; (ii) conflict with or violate any law or 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 that 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 5 
 TERM AND TERMINATION

 5.1 Term. Unless terminated pursuant to its terms, this Agreement shall remain in effect only for so long as the Adviser, or
one of its affiliates, remains the Licensee’s investment adviser. 

  
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 5.2 Termination for Cause. If the Licensee fails to cure any breach of Article 3
within thirty (30) days following written notice thereof by the Licensor, the Licensor may terminate the license granted per Section 1.1. 

5.3 Upon Termination. Upon expiration or termination of this Agreement, all rights granted to the Licensee under this Agreement with
respect to the Licensed Mark shall cease and the Licensee shall immediately discontinue use of the Licensed Mark. 
 ARTICLE 6 

MISCELLANEOUS 
 6.1
Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. Neither party may assign, delegate or otherwise transfer this Agreement or any of its
rights or obligations hereunder without the prior written consent of the other party; provided, however, that the Licensor may assign this Agreement to an affiliate without Licensee’s consent. No assignment by either party permitted hereunder
shall relieve the applicable party of its obligations under this Agreement. Any assignment by either party in accordance with the terms of this Agreement shall be pursuant to a written assignment agreement in which the assignee expressly assumes the
assigning party’s rights and obligations hereunder. 
 6.2 Independent Contractor. Except as expressly provided or authorized in
advance in writing, 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. 

6.3 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, electronic transmission (provided that a confirmation email reply is received) or by
registered or certified mail (postage prepaid, return receipt requested) to the other party at its principal office as set forth below: 

If to the Licensor: 

Varagon Capital Partners, L.P. 

299 Park Avenue, 3rd Floor 
 New
York, NY 10171 
 Tel. No.: (212) 235-2600 

Attn: Afsar Farman-Farmaian, Esq. 

If to the Licensee: 

Varagon Capital Corporation 
 299
Park Avenue, 3rd Floor 
 New York, NY 10171 

Tel. No.: (212) 235-2600 

Attn: Robert Bourgeois 
 6.4
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts formed and to be performed entirely within the State of New York, without regard to the conflicts of
law principles or rules thereof to the extent such principles would require or permit the application of the laws of another jurisdiction. 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. 

6.5 Amendment. This Agreement may not be amended or modified except by an instrument in writing signed by all parties hereto. 

6.6 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. 

  
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 6.7 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. 

6.8 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. 
 6.9 Counterparts. This Agreement may be executed in one or more counterparts,
each of which shall be deemed to be an original, and all of which together shall be deemed to be one and the same instrument. Any party may deliver an executed copy of this Agreement and of any documents contemplated hereby by facsimile or
other electronic transmission to another party and such delivery shall have the same force and effect as any other delivery of a manually signed copy of this Agreement or of such other documents.

6.10 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. 
 6.11
Third-Party Beneficiaries. Nothing in this Agreement, either express or implied, is intended to or shall confer upon any third party any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this
Agreement. 
 [Signature Page Follows] 

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

			
	 LICENSEE:

	
	 VARAGON CAPITAL CORPORATION

		
	 By:
	 	 
	 Name:
	 	 Walter J. Owens

	 Title:
	 	 Chief Executive Officer

  

			
	 LICENSOR:

	
	 VARAGON CAPITAL PARTNERS, L.P.

		
	 By:
	 	 
	 Name:
	 	 Walter J. Owens

	 Title:
	 	 Chief Executive Officer

  

  
 [VCC - Trademark
License Agreement]EX-10.10

 Exhibit 10.10 

FORM OF EXPENSE REIMBURSEMENT AGREEMENT 

This Expense Reimbursement Agreement (the “Agreement”) is made this _____ day of _____, 2022, by and between Varagon Capital
Corporation, a Maryland corporation (the “Company”), and VCC Advisors, LLC, a Delaware limited liability company (the “Adviser”). 

WHEREAS, the Company is
a non-diversified, closed-end management investment company that intends to elect to be regulated as a business development company under the Investment
Company Act of 1940, as amended (the “1940 Act”); 
 WHEREAS, the Company has retained the Adviser to furnish investment
advisory services to the Company on the terms and conditions set forth in the investment advisory agreement, dated _________, 2022, entered between the Company and the Adviser, as may be amended or restated (the
“Advisory Agreement”); 
 WHEREAS, the Company and the Adviser have determined that it is appropriate
and in the best interests of the Company that the Adviser fund all of the Organizational and Offering Expenses (as defined in Section 1of this Agreement)) incurred by the Company and that the Company will be obligated to reimburse to the
Adviser at a later date as set forth herein. 
 NOW, THEREFORE, in consideration of the premises and for other good and valuable
consideration, the parties hereby agree as follows: 
 1. Adviser Expense Payments for the Company 

The Adviser, or its affiliates, will fund all of the Organizational and Offering Expenses incurred by the Company (each such payment, an
“Expense Payment”). “Organizational and Offering Expenses” means all costs and expenses (whether incurred before, on or after the date of the Company’s preliminary private placement memorandum) pertaining to
the organization and establishment of the Company (including any subsidiaries of the Company and the transactions contemplated by the merger of Varagon Fund I, L.P. with and into the Company and the acquisition of a portfolio of existing loans),
including, without limitation, any related third-party legal, tax and accounting advisory fees and expenses, capital raising expenses (including printing expenses and other similar costs, fees and expenses, and regulatory, compliance, and
administrative filings) and other organizational and offering expenses, but excluding the fees of the placement agent (or any successor placement agent). 

2. Reimbursement of Expense Payments by the Company 

(a) To ensure that each investor that enters into a subscription agreement with the Company during the Fundraising Period (as defined below)
shares equitably in the Organizational and Offering Expenses, during the first four fiscal quarters following the Fundraising Period, the Company shall reimburse the Adviser, or its affiliates, as applicable, for the Organizational and Offering
Expenses incurred by the Company and funded by the Adviser or its affiliates. Any reimbursement payments required to be made by the Company pursuant to this Section 2(a) of this Agreement shall be referred to herein as a “Reimbursement
Payment.” 
 (b) The “Initial Closing” will occur on the first date an investor’s subscription agreement relating to
the Company’s common stock is accepted by the Company. The Company expects to hold additional closings, from time to time, in the Adviser’s sole discretion, for a period of 24 months after the Initial Closing (the “Fundraising
Period”). The Fundraising Period may be extended by up to an additional 18 months in the sole discretion of the Company’s board of directors (i.e., from 24 months to up to 42 months after the Initial Closing). 

(c) For the avoidance of doubt, to the extent the Fundraising Period is extended by up to an additional 18 months in the sole discretion of
the Company’s board of directors (as described in Section 2(b) of this Agreement), the Company shall reimburse the Adviser, or, as applicable, its affiliates, for the Organizational and Offering Expenses incurred by the Company during the
first four fiscal quarters following the extended Fundraising Period. 
 (d) The Company’s obligation to make a Reimbursement Payment
will automatically become a liability of the Company on the date on which the Company elects to be regulated as a business development company under the 1940 Act. For the avoidance of doubt, this is not conditioned on any performance threshold and
is not considered a contingent liability for accounting purposes. 

 (e) Notwithstanding anything to the contrary herein, the Company will bear all out-of-pocket costs and expenses of its operations and transactions and will reimburse the Adviser and Varagon Capital Partners, L.P., as administrator (the
“Administrator”), for any costs and expenses permitted under the Investment Advisory Agreement by and between the Company and the Adviser and the Administration Agreement by and between the Company and the Administrator, respectively. 

3. Termination and Survival 
 (a)
This Agreement shall become effective as of the date of this Agreement. 
 (b) This Agreement may be terminated at any time, without the
payment of any penalty, by the Company or the Adviser, with or without notice. 
 (c) This Agreement shall automatically terminate in the
event of (i) the termination by the Company of the Advisory Agreement; or (ii) the board of directors of the Company making a determination to dissolve or liquidate the Company. 

(d) Notwithstanding anything to the contrary herein, Section 2 of this Agreement shall survive any termination of this Agreement. 

4. Miscellaneous 
 (a) The captions
of this Agreement are included for convenience only and in no way define or limit any of the provisions hereof or otherwise affect their construction or effect. 

(b) This Agreement contains the entire agreement of the parties and supersedes all prior agreements, understandings and arrangements with
respect to the subject matter hereof. 
 (c) Notwithstanding the place where this Agreement may be executed by any of the parties hereto,
this Agreement shall be construed in accordance with the laws of the State of New York. For so long as the Company is regulated as a business development company under the 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 New York or any of the provisions herein conflict with the provisions of the 1940 Act, the latter shall control. Further, nothing in this
Agreement shall be deemed to require the Company to take any action contrary to the Company’s Articles of Incorporation or Bylaws, as each may be amended or restated, or to relieve or deprive the Company’s board of directors of
its responsibility for and control of the conduct of the affairs of the Company. 
 (d) The Company shall not assign this Agreement or any
right, interest or benefit under this Agreement without the prior written consent of the Adviser. 
 (e) This Agreement may be amended in
writing by mutual consent of the parties. This Agreement may be executed by the parties on any number of counterparts, delivery of which may occur by facsimile or as an attachment to an electronic communication, each of which shall be deemed an
original, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 
 [Remainder of page
intentionally left blank] 

  
 2 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their
duly authorized representatives as of the date first written above. 
  

			
	VARAGON CAPITAL CORPORATION
		
	By:	 	 
	Name:	 	Walter J. Owens
	Title:	 	Chief Executive Officer
	
	VCC ADVISORS, LLC
		
	By:	 	 
	Name:	 	Walter J. Owens
	Title:	 	Chief Executive Officer

  
 [VCC - Expense
Reimbursement Agreement]

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