NSAM B-CEF Ltd
Exhibit 99(k)(4)
NSAM B-CEF Ltd
00 Xxxxxxxx Xxxx
Pembroke HM 08
Bermuda
January [ ], 2016
NORTHSTAR CORPORATE INCOME FUND-T
000 Xxxx Xxxxxx, 18th Floor
| Re: | Agreement to Limit Reimbursements to Adviser |
Dear Ladies and Gentlemen:
This letter is being delivered to you with respect to the Investment Advisory Agreement (the “Advisory Agreement”) to which NorthStar Corporate Income Fund-T (the “Fund”) and NSAM B-CEF LTD (the “Adviser”) are parties. Pursuant to section 2 of the Advisory Agreement, the Adviser is entitled to receive reimbursement from the Fund of organization and offering expenses it has paid on behalf of the Fund until all of the organization and offering expenses incurred and/or paid by the Adviser have been recovered. Pursuant to this letter, the Adviser xxxxxx agrees to accept henceforth a maximum incurred by the Fund to 1.0% of the aggregate proceeds raised in this offering, after the payment of selling commissions and dealer manager fees, until all of the organization and offering expenses incurred and/or paid by the Adviser have been recovered.
This letter shall be binding on the undersigned and its successors and assigns.
This letter shall be governed by and interpreted and construed in accordance with the governing law provisions set forth in Section 19 of the Advisory Agreement.
No term or provision of this letter may be amended, changed, waived, altered or modified except by written instrument executed and delivered by the party against whom such amendment, change, waiver, alteration or modification is to be enforced.
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NorthStar Corporate Income Fund-T
January [ ], 2016
Page 2 of 2
| Very truly yours, | ||
| NSAM B-CEF LTD | ||
| By: | ||
| Name: | ||
| Title: | ||
Acknowledged and accepted as of the date hereof:
NORTHSTAR CORPORATE INCOME FUND-T
| By: | ||
| Name: | ||
| Title: |
