SEC Contract Filing

Filing Date: 2020-02-03

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d857511dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>AMENDED AND RESTATED </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>INVESTMENT ADVISORY AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>BETWEEN </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>CRESCENT CAPITAL BDC, INC. </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>AND </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>CRESCENT
CAP ADVISORS, LLC </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">This Amended and Restated Investment Advisory Agreement (this &#147;Agreement&#148;) is hereby
made as of this 1st day of February, 2020 (the &#147;Effective Date&#148;), by and between CRESCENT CAPITAL BDC, INC., a Maryland corporation (the &#147;Company&#148;), and CRESCENT CAP ADVISORS, LLC (formerly known as CBDC ADVISORS, LLC), a
Delaware limited liability company (the &#147;Advisor&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Company operates as a <FONT
STYLE="white-space:nowrap">closed-end,</FONT> <FONT STYLE="white-space:nowrap">non-diversified</FONT> management investment company; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Company has filed an election to be treated as a business development company under the Investment Company Act of
1940, as amended (the &#147;Investment Company Act&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Advisor is registered as an investment adviser
under the Investment Advisers Act of 1940, as amended (the &#147;Investment Advisers Act&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Company and
the Advisor are party to the investment advisory agreement dated June&nbsp;2, 2015 by and between the Company and the Advisor (the &#147;Prior Agreement&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">WHEREAS, the Company and the Advisor, with the approval of the Company&#146;s stockholders, desire to amend and restate the
Prior Agreement to set forth the terms and conditions for the continued provision by the Advisor of investment advisory services to the Company, with the Prior Agreement being replaced in its entirety by this Agreement as of the Effective Date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">NOW, THEREFORE, in consideration of the promises contained herein and for other good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the parties hereby agree as follows: </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">1.&nbsp;&nbsp;&nbsp;&nbsp;<U>Duties
of the Advisor</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman" ALIGN="justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;The Company hereby employs the Advisor to act as the investment adviser to
the Company and to manage the investment and reinvestment of the assets of the Company, subject to the supervision of the board of directors of the Company (the &#147;Board of Directors&#148;), for the period and upon the terms herein set forth, in
accordance with (i)&nbsp;the investment objective, policies and restrictions that are determined by the Board of Directors from time to time and </P>
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disclosed to the Advisor, which objectives, policies and restrictions, as of the Effective Date, shall be those set forth in the Company&#146;s filings with the Securities and Exchange Commission
(the &#147;SEC&#148;), as the same may be amended from time to time, (ii)&nbsp;the Investment Company Act, the Investment Advisers Act and all other applicable federal and state law and (iii)&nbsp;the Company&#146;s articles of incorporation and
bylaws, as the same may be amended from time to time. Without limiting the generality of the foregoing, the Advisor shall, during the term and subject to the provisions of this Agreement, (i)&nbsp;determine the composition of the portfolio of the
Company, the nature and timing of the changes therein and the manner of implementing such changes; (ii)&nbsp;identify, evaluate and negotiate the structure of the investments made by the Company (including performing due diligence on prospective
portfolio companies); (iii) execute, close, service and monitor the Company&#146;s investments; (iv)&nbsp;determine the securities and other assets that the Company will purchase, retain or sell;