SEC Contract Filing

Filing Date: 2020-04-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>d921098dex101.htm
<DESCRIPTION>EX-10.1
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<HTML><HEAD>
<TITLE>EX-10.1</TITLE>
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 <div><div style="font-family: 'times new roman', times; font-size: 10pt;"> <div style="width: 8.5in; margin: 0 auto;">
<p align="right" style="text-align: right; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font style="font-family: 'times new roman', times;">Exhibit
 10.1</font></b></font></p> <div style="page: WordSection1;"> <p align="right" style="margin: 0in 0in 0.0001pt 5.3in; text-align: right; line-height: 24.5pt; vertical-align: baseline; font-size: 11pt; font-family: 'Times New Roman', serif;"><font
style="color: #000000; font-size: 10pt;">March 26, 2020<b style="mso-bidi-font-weight: normal;"></b></font></p>
<p style="margin: 12.5pt 0in 0.0001pt; line-height: 12.7pt; vertical-align: baseline; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="color: black; font-size: 10pt;">THLP Debt Partners, L.P.</font></p>
<p style="line-height: 12.6pt; vertical-align: baseline; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="color: black; font-size: 10pt;">100 Federal Street <br>Boston, MA 02110</font></p>
<p style="margin: 12.5pt 0in 0.0001pt; line-height: 12.7pt; vertical-align: baseline; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="color: black; font-size: 10pt;">THL Credit, Inc.<br>100 Federal Street,<br>31st
Floor<br>Boston, MA 02110</font></p>
<p style="margin: 12.5pt 0in 0.0001pt; line-height: 12.7pt; vertical-align: baseline; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font style="color: #000000;">Re:
Investment in THL Credit, Inc.</font></b></font></p> <p style="margin: 17.35pt 0in 0.0001pt; text-indent: 0.5in; line-height: 12.7pt; vertical-align: baseline; font-size: 11pt; font-family: 'Times New Roman', serif;"><font
style="color: black; letter-spacing: -0.05pt; font-size: 10pt;">This standstill agreement (this &#8220;<u>Standstill Agreement</u>&#8221;), dated as of March 26, 2020, is entered into by and between THL Credit, Inc., a Delaware corporation (the
&#8220;<u>BDC</u>&#8221;) and THLP Debt Partners, L.P., a Delaware limited partnership( &#8220;<u>THLPDP</u>&#8221;). </font></p>
<p style="margin: 11.8pt 0in 0.0001pt; text-indent: 0.5in; line-height: 12.7pt; vertical-align: baseline; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="color: black; font-size: 10pt;">For good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, each of the parties, intending to be legally bound, hereby irrevocably and unconditionally represents, warrants, covenants and agrees as follows:</font></p>
<p style="margin: 12.15pt 0in 0.0001pt; text-indent: 0.5in; line-height: 12.7pt; vertical-align: baseline; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font style="color: #000000; letter-spacing: -0.05pt;">1.
<font style="mso-tab-count: 1;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><u>Standstill</u>. </font><font style="color: #000000;"><font style="mso-spacerun: yes;">&nbsp;</font>Except (i) as contemplated by Section 1 of that certain
commitment letter agreement, dated as of March 3, 2020, by and among the parties hereto and certain other parties listed on the signature pages thereto (the &#8220;<u>Commitment Letter</u>&#8221;) and (ii) for any investment in the BDC following the
Investment Date (as defined below) as contemplated by Section 1(d) of that certain amended and restated letter agreement, dated as of March 3, 2020, by and among First Eagle Investment Management, LLC, THLPDP and the other parties thereto, without
the prior written consent of or invitation to do so by the BDC, from and after the date on which the initial acquisition occurs, pursuant to the Commitment Letter (the &#8220;<u>Investment Date</u>&#8221;), until December 8, 2021 (the
&#8220;<u>Standstill Period</u>&#8221;), THLPDP shall not (and no person acting on THLPDP's behalf or at THLPDP's direction shall), directly or indirectly take any of the following actions on an unsolicited basis and with activist
intent:</font></font></p>
<p style="margin: 11.5pt 0in 0.0001pt; text-indent: 1.05in; line-height: 12.7pt; vertical-align: baseline; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font style="color: #000000;"><font
style="mso-list: Ignore;">(a)<font style="font-style: normal; font-variant: normal; font-weight: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp; </font></font></font><font style="mso-fareast-font-family: 'Times New Roman'; color: black;">acquire, offer to acquire, agree to acquire, or encourage or facilitate the ability of any person to acquire or offer to acquire, whether by means of
open market purchase, privately negotiated purchase, tender or exchange offer, merger, business combination, amalgamation, consolidation, reorganization, recapitalization, business restructuring or otherwise, ownership (including, without
limitation, beneficial ownership) of (i) more than five percent (5%) of securities having statutory, organic or contractual voting power, whether or not contingent (&#8220;<u>Voting Securities</u>&#8221;), of the BDC or (ii) a material portion of
the assets of the BDC;</font></font></p> <p style="margin: 11.5pt 0in 0.0001pt; text-indent: 1.05in; line-height: 12.7pt; vertical-align: baseline; font-size: 11pt; font-family: 'Times New Roman', serif;"><font style="font-size: 10pt;"><font
style="color: #000000;"><font style="mso-list: Ignore;">(b)<font style="font-style: normal; font-variant: normal; font-weight: no