SEC Contract Filing

Filing Date: 2017-05-11

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>2
<FILENAME>trilinc-ex103_6.htm
<DESCRIPTION>EX-10.3
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<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.3</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">AMENDED AND RESTATED OPERATING EXPENSE RESPONSIBILITY AGREEMENT</p>
<p style="margin-bottom:12pt;margin-top:12pt;text-indent:6.67%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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 (&#8220;Sponsor&#8221;), TriLinc Advisors, LLC, a Delaware limited liability company (&#8220;Advisor&#8221;), and TriLinc Global Impact Fund, LLC, a Delaware limited liability company (&#8220;Fund&#8221; and together with the Sponsor and the Advisor, the &#8220;Parties&#8221;). </p>
<p style="margin-bottom:12pt;margin-top:12pt;text-indent:6.67%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, the Sponsor has agreed to be responsible for the payment of the Fund&#8217;s cumulative operating costs paid through and including March 31, 2017, including all management fees due to the Advisor that have not been paid by the Fund (collectively as set forth in Exhibit A hereto and referred to as &#8220;Fund Expenses&#8221;).</p>
<p style="margin-bottom:12pt;margin-top:12pt;text-indent:6.67%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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:</p>
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<p style="margin-bottom:0pt;margin-top:0pt;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;color:#000000;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"><font style="text-decoration:underline;">Expense Responsibility for Fund Expenses.</font> The Sponsor shall pay the Fund Expenses and will not seek reimbursement of the Fund Expenses unless<font style="color:#000000;"> the reimbursement will not cause the Fund&#8217;s Net Asset Value per unit to fall below the prior quarter&#8217;s Net Asset Value per unit (the &#8220;NAV Hurdle&#8221;). To the extent the Fund is not successful in satisfying the NAV Hurdle, no amount will be payable by the Fund for reimbursement to the Sponsor of the Fund Expenses.&nbsp;&nbsp;</font></p></td></tr></table></div>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:3.33%;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
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<p style="margin-bottom:0pt;margin-top:0pt;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2.</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;color:#000000;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"><font style="text-decoration:underline;">Entire Agreement</font>.&nbsp;&nbsp;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.</p></td></tr></table></div>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:13.33%;text-indent:-3.33%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
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<p style="margin-top:0pt;margin-bottom:12pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.</font></p></td>
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<p style="margin-top:0pt;margin-bottom:12pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;"><font style="text-decoration:underline;color:#000000;">Governing Law</font><font style="color:#000000;">.&nbsp;&nbsp;This Agreement shall be governed by and construed in accordance with the internal laws of the State of Delaware, without re