June 27, 2012 Mr. Daniel Gilligan New York, NY 10128 Dear Dan:KCAP Financial, Inc. • August 2nd, 2012 • Delaware
This letter will confirm our offer to you of continued employment with Katonah Debt Advisors, L.L.C. (“KDA”) (the “Company”) and Kohlberg Capital Corporation (“Kohlberg Capital”), under the terms and conditions that follow. This letter supersedes the letter agreement dated August 13, 2009 between you and KDA in its entirety effective as of the date hereof.
