Owl Rock Capital Advisors LLC
Exhibit 10.6
Owl Rock Capital Advisors LLC
000 Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
February 27, 0000
Xxxxx X. Xxxxxx
Owl Rock Capital Corporation II
000 Xxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
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Re: |
Waiver of Incentive Fee on Income |
Dear Xx. Xxxxxx,
Reference is hereby made to the Investment Advisory Agreement (the “Investment Advisory Agreement”), dated February 6, 2017, by and between Owl Rock Capital Corporation II (the “Company”) and Owl Rock Capital Advisors LLC (the “Adviser”). Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Investment Advisory Agreement.
We hereby agree to waive 100% of the Incentive Fee on Income for the year ended December 31, 2018, as calculated in accordance with U.S. GAAP.
Any portion of the Incentive Fee on Income waived shall not be subject to recoupment.
For the avoidance of doubt, the purpose of the waiver described herein is to reduce aggregate fees payable to the Adviser by the Company for the year ended December 31, 2018.
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Sincerely yours, |
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Owl Rock Capital Advisors LLC |
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By: |
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Name: Xxxx Xxxxxxxxxxx |
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Title: Chief Operating Officer |
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