KKR FINANCIAL HOLDINGS LLC 18,000,000 Common Shares, no par value Underwriting AgreementUnderwriting Agreement • December 10th, 2010 • KKR Financial Holdings LLC • Finance services • New York
KKR Financial Holdings LLC, a Delaware limited liability company (the “Company”), proposes to issue and sell to the several Underwriters listed in Schedule 1 hereto (the “Underwriters”), for whom you are acting as representative (the “Representative”), an aggregate of 18,000,000 common shares, no par value, representing limited liability company interests in the Company (the “Underwritten Securities”) and, at the option of the Underwriters, up to an additional 2,700,000 common shares, no par value, representing limited liability company interests in the Company (the “Option Securities”) to cover over-allotments, if any, pursuant to Section 2 hereof. The Underwritten Securities and the Option Securities are herein referred to as the “Securities”. The common shares, no par value, representing limited liability company interests in the Company to be outstanding after giving effect to the sale of the Securities are referred to herein as the “Common Shares” and all the common shares issued
