0001047469-10-001648 Sample Contracts

AMENDMENT NO. 1 TO THE AMENDED AND RESTATED OPERATING AGREEMENT OF KKR FINANCIAL HOLDINGS LLC
Operating Agreement • March 1st, 2010 • KKR Financial Holdings LLC • Finance services • Delaware

This AMENDMENT NO. 1 (this "Amendment") to the Amended and Restated Operating Agreement, dated as of May 3, 2007 and amended as of May 7, 2009 (the "Operating Agreement"), of KKR Financial Holdings LLC, a Delaware limited liability company (the "Company"), is made as of February 28, 2010. Each of the capitalized terms used herein that is not otherwise defined herein shall have the meaning ascribed thereto under the Operating Agreement.

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