KKR FINANCIAL ADVISORS LLC
Exhibit 10.1
KKR FINANCIAL ADVISORS LLC
000 XXXXXXXXXX XXXXXX, 00XX XXXXX
XXX XXXXXXXXX, XX 00000
November 7, 2016
000 Xxxxxxxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxxxxxxx, XX 00000
Attention: Chief Executive Officer
Xxx Xxxxxxxxx, XX 00000
Attention: Chief Executive Officer
Reference is hereby made to the Amended and Restated Management Agreement (as amended through the date hereof, the “Management Agreement”) dated as of May 4, 2007 among KKR Financial Holdings LLC, a Delaware limited liability company (the “Company”), KKR Financial Corp., a Maryland corporation, and KKR Financial Advisors LLC, a Delaware limited liability company (the “Manager”). Capitalized terms used herein and not defined herein shall have the meaning set forth in the Management Agreement, as applicable.
By this letter the Manager hereby releases, relinquishes and forever discharges in full the Company from the payment of any Incentive Compensation due to the Manager pursuant to Section 8(d) of the Agreement for the quarterly period ended September 30, 2016. The Manager and Company agree that this letter agreement shall have effect as of September 30, 2016.
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KKR FINANCIAL ADVISORS LLC,
as Manager
By: | KKR Credit Advisors (US) LLC, as Sole Member |
By: | /s/ Xxxxxxx X. Xxx Xxxx Name: Xxxxxxx X. Xxx Xxxx Title: Authorized Signatory |
Acknowledged,
By: /s/ Xxxxxxx X. Xxxxxxxxxx
Name: Xxxxxxx X. Xxxxxxxxxx
Title: Chief Executive Officer
Name: Xxxxxxx X. Xxxxxxxxxx
Title: Chief Executive Officer
051215-0012-13489-Active.20400799.1