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Exhibit 10.1

 
Deed of Amendment to Second Amended and Restated
 Limited Partnership Agreement
 
of
 
KKR Fund Holdings L.P.
 
1 January 2020
 
 
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This Deed of Amendment (this "Deed") is made on 1 January 2020 (the "Effective
Date")
 
Between:
 

(1)
KKR Fund Holdings GP Limited, an exempted company registered in the Cayman
Islands whose registered office is at PO Box 309, Ugland House, Grand Cayman,
KY1-1104, Cayman Islands (the "First General Partner");

 

(2)
KKR Group Holdings Corp., a Delaware corporation (the "Second General Partner"
and together with the First General Partner, the "General Partners");

 

(3)
KKR & Co. LLC, a Delaware limited liability company ("KKR & Co. LLC");

 

(4)
KKR Intermediate Partnership L.P., an exempted limited partnership registered in
the Cayman Islands whose registered office is at PO Box 309, Ugland House, Grand
Cayman, KY1-1104, Cayman Islands ("KKR Intermediate"); and

 

(5)
KKR Holdings L.P., an exempted limited partnership registered in the Cayman
Islands whose registered office is at PO Box 309, Ugland House, Grand Cayman,
KY1-1104, Cayman Islands ("KKR Holdings").

 
Whereas:
 

(A)
The General Partners are the general partners of KKR Fund Holdings L.P., a
Cayman Islands exempted limited partnership (the "Partnership") constituted
under the Exempted Limited Partnership Law (2018 Revision) (the "ELP Law") and
pursuant to a Second Amended and Restated Limited Partnership Agreement dated 1
October 2009, between the General Partners, KKR Intermediate Partnership L.P.
and KKR & Co. L.P., as retiring general partner (as amended and/or amended and
restated from time to time) (the "Original Agreement").

 

(B)
In connection with Project Stallion 2, the applicable Partners wish, pursuant to
this Deed, to amend (i) the number of Units on issue and (ii) the Original
Agreement as set out in Clause 2 below.

 
It is agreed as follows:
 

1
Interpretation

 
In this Deed capitalised words and expressions used but not defined shall have
the meanings ascribed to them in the Original Agreement, unless the context
otherwise requires.
 

2
Reverse Split of Class A Units

 

2.1
With effect as at 12:02 a.m. on the date of this Deed, each of the General
Partners, KKR & Co. LLC and KKR Intermediate agree that the Partnership shall
effect a 5:4 reverse split of its Class A Units.

 

3
Amendments

 

3.1
With effect as at 12:04 a.m. on the date of this Deed, each of the General
Partners, KKR Intermediate and KKR Holdings agree that Section 2.02 of the
Original Agreement is hereby amended and restated in its entirety as follows:

 

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SECTION 2.02.          Name. The name of the Partnership shall be, and the
business of the Partnership shall be conducted under the name of, KKR Group
Partnership L.P.
 

3.2
The execution of this Deed by the First General Partner constitutes its
retirement as a general partner of the Partnership with the consent of the
Partners as at 12:04 a.m. on the Effective Date (the "Effective Time"). As at
the Effective Time, the First General Partner hereby assigns its full right,
title and interest in and to all of the assets of the Partnership, present or
future, to the Second General Partner with the intent that all and any property
and assets, from time to time held on trust as assets of the Partnership by the
First General Partner, including, but not restricted to, the proceeds of issue
of Partnership interests, shall be transferred to the Second General Partner and
the First General Partner is discharged and released from any and all of its
obligations arising pursuant to the Original Agreement to the fullest extent
permitted by law.  As at the Effective Time, the First General Partner hereby
agrees to deliver to the Second General Partner any documents, records or other
information in the actual possession or knowledge of the First General Partner,
as may be reasonably required by the Second General Partner, relating to the
Partnership or to any services provided by the First General Partner to the
Partnership. Any capital contribution of the First General Partner will be
returned to it at the Effective Time.

 

4
Severability

 
If any provision of this Deed is or becomes invalid, illegal or unenforceable in
any respect, the validity, legality and enforceability of the remaining
provisions contained herein shall not be affected thereby.
 

5
Agreement

 
Save as amended by this Deed, the Original Agreement shall continue in full
force and effect, and is otherwise unamended.
 

6
Law and Jurisdiction

 

6.1
This Deed and any dispute, claim, suit, action or proceeding of whatever nature
arising out of or in any way related to it or its formation (including any
non-contractual disputes or claims) are governed by, and shall be construed in
accordance with, the laws of the Cayman Islands.

 

6.2
Each of the parties to this Deed irrevocably agrees that the courts of the
Cayman Islands shall have non-exclusive jurisdiction to hear and determine any
claim, suit, action or proceeding, and to settle any disputes, which may arise
out of or are in any way related to or in connection with this Deed, and, for
such purposes, irrevocably submits to the non-exclusive jurisdiction of such
courts.

 
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In witness whereof this Deed has been duly executed and delivered by the
undersigned on the date first set out above.
 
EXECUTED as a DEED by
)
       
KKR Fund Holdings GP Limited, as
general partner and as attorney-in-fact
for all of the limited partners
)
)
 
By:
)
/s/ David J. Sorkin
   
)
Name: David J. Sorkin
   
Title: Director
     
in the presence of:
)
/s/ Christopher Lee
   
)
Name: Christopher Lee

 
EXECUTED as a DEED by
)
       
KKR Group Holdings Corp., as general
partner and as attorney-in-fact for all of the
limited partners
)
)

By:
)
/s/ David J. Sorkin

 
)
Name: David J. Sorkin
   
Title: General Counsel & Secretary
     
in the presence of:
)
/s/ Christopher Lee

 
)
Name: Christopher Lee

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EXECUTED as a DEED by
)
       
KKR & Co. L.L.C.
)
 
By:
)
/s/ David J. Sorkin
   
)
Name: David J. Sorkin
   
Title: Vice President
     
in the presence of:
)
/s/ Christopher Lee
   
)
Name: Christopher Lee

 
EXECUTED as a DEED by
)
       
KKR Intermediate Partnership L.P.
By its general partner, KKR Intermediate
Partnership GP Limited,
)
)
)
 
By:
)
/s/ David J. Sorkin
   
)
Name: David J. Sorkin
   
Title: Secretary
     
in the presence of:
)
/s/ Christopher Lee
   
)
Name: Christopher Lee

 
EXECUTED as a DEED by
)
       
KKR Holdings L.P.
By its general partner, KKR Holdings GP
Limited,
)
)
)
 
By:
)
/s/ David J. Sorkin
   
)
Name: David J. Sorkin
   
Title: Secretary
     
in the presence of:
)
/s/ Christopher Lee
   
)
Name: Christopher Lee

 

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