FS CREDIT INCOME ADVISOR, LLC 201 Rouse Boulevard Philadelphia, PA 19112 April 6, 2018 To: FS Credit Income Fund 201 Rouse Boulevard Philadelphia, PA 19112 Re: Permanent Waiver of Portion of Management Fee Pursuant to the investment advisory agreement...FS Credit Income Fund • January 14th, 2019
Pursuant to the investment advisory agreement between FS Credit Income Fund ("FSCI") and FS Credit Income Advisor, LLC ("FS Credit Income Advisor"), dated as of September 18, 2017 (as may be amended and restated from time to time) (the "Advisory Agreement"), FSCI has agreed to pay FS Credit Income Advisor a management fee of 1.75% of the average daily value of FSCI's gross assets, payable quarterly in arrears. This letter serves to confirm that FS Credit Income Advisor has agreed, effective April 6, 2018, to permanently waive a portion of the management fee to which it is entitled under the Advisory Agreement so that the fee received equals 1.60% of the average daily value of FSCI's gross assets. In connection with this permanent management fee waiver, FS Credit Income Advisor represents that the quality and quantity of services under the Advisory Agreement will not be affected by such reduction in fees and that its obligations under the Advisory Agreement will remain unchanged in all
