RE: Griffin-Benefit Street Partners BDC Corp. (“GBS-BDC”) Wind-down Letter of AgreementWind-Down Letter of Agreement • March 31st, 2017 • Griffin-Benefit Street Partners BDC Corp. • New York
This Letter of Agreement is being entered into by Griffin Capital Company, LLC (formerly Griffin Capital Corporation) (“Griffin Capital”), Griffin Capital BDC Advisor, LLC (“GCBA”) and Benefit Street Partners L.L.C. (“Benefit Street”) to revise the economic terms of their arrangements with each other as set forth in the Summary of Terms executed by Benefit Street and Griffin Capital dated January 6, 2014 (the “Term Sheet”), the Investment Sub-Advisory Agreement by and among GBS-BDC, GCBA and Benefit Street dated January 16, 2015 (the “Sub-Advisory Agreement”), and any and all other agreements between GCBA and Benefit Street, including those entered into by any of their affiliates (all of these agreements collectively referred to herein as, the “BDC Agreements”) in connection with the potential wind down of GBS-BDC and merger of GBS-BDC with and into Griffin Institutional Access Credit Fund (“GIA Credit Fund”).
