TriLinc Global Impact Fund LLC - FORM 10-Q - EX-10.2 - November 12, 2014

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10-Q - 10-Q - TriLinc Global Impact Fund LLCd793504d10q.htm
EX-32.1 - EX-32.1 - TriLinc Global Impact Fund LLCd793504dex321.htm
EX-31.1 - EX-31.1 - TriLinc Global Impact Fund LLCd793504dex311.htm
EX-31.2 - EX-31.2 - TriLinc Global Impact Fund LLCd793504dex312.htm
EX-4.3 - EX-4.3 - TriLinc Global Impact Fund LLCd793504dex43.htm

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 paid through and including September 30, 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 in the Company’s public offering (the “Offering”) of units of its limited liability company interest (“Units”) 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, provided any such reimbursement during the period in which the Fund is offering Units in the Offering will not cause the Fund’s Net Asset Value per unit to fall below the prior quarter’s Net Asset Value per unit (the “Gross Proceeds Hurdle”). 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 November 11, 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 September 30, 2014

 

Vendor

   

Description of Services

    Amount  
AccuConference    Communications    $ 1,934   
ANDE    2013-2014 Membership      5,000   
ASTA    Document Translation      1,167   
Bank of NY Mellon    Fund Administration      90,000   
Bank of NY Mellon    Bank fees      17,055   
Board of Managers    Board Wages      323,375   
Board of Managers    Board Meeting      50,768   
Credit Cards    Travel - Dead deal costs      62,987   
Deloitte & Touche    Audit      383,015   
Deloitte & Touche    Tax services      137,477   
DST Systems, Inc.    Transfer Agent      324,199   
Duff & Phelps    Valuation services      10,225   
Emtek Solutions, LLC    PAES/TAS      7,875   
Federal Agent    PAES/TAS      12,750   
Greenberg Traurig    Legal Services      301,672   
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   
Moss Adams    10-Q review      24,615   
MF Analytics    PAES/TAS      65,159   
PathNorth    2013 Core Membership      4,167   
Paul Sanford    Travel expenses      5,212   
Payroll    PAES/TAS      150,091   
Pinnacle Fund Administration, LLC    Fund Administration      35,000   
Robert Mora    PAES/TAS      97,791   
Rothstein Kass    SOX Implementation/Compliance      62,077   
RR Donnelley    10-Q & 8-K Processing      91,716   
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      17,885   
Trilinc Advisors, LLC    eFront      113,004   
Trilinc Advisors, LLC    Management fees      315,547   
Trilinc Advisors, LLC    Incentive fees      353,659   
Trilinc Advisors, LLC    Travel expenses - board meeting      9,533   
Troy Wiseman    Expense reimbursement      9,701   
Trustees of Tufts College    PAES/TAS      18,150   
Various    PAES/TAS      14,601   
Willis    Fund Insurance      88,804   
     

 

 

  
      $ 3,638,059   
     

 

 

  

TriLinc Global Impact Fund LLC Reports