Document:

Exhibit
        10.1 

   

  

  AMENDMENT
      NO. 2 TO TAX RECEIVABLE AGREEMENT

   

  Amendment,
      dated as of May 30, 2022 (this “Amendment”) among KKR Holdings L.P., a Delaware limited partnership (“KKR
        Holdings”), KKR Holdings (AIV) L.P., a Delaware limited partnership (“KKR Holdings AIV”), KKR &
      Co. Inc., a Delaware corporation (“Parent”) and KKR Group Holdings Corp., a Delaware corporation (collectively,
      the “Parties”), to the Agreement (as defined below).

   

  W
      I T N E S S E T H

   

  WHEREAS,
      KKR Holdings, Parent and the other parties thereto executed and delivered a Tax Receivable Agreement, dated as of July 14, 2010,
      as amended from time to time (as so amended, the “Agreement”) pursuant to which the parties thereto agreed
      the allocation of certain payments due in connection with the Exchanges as provided in the Agreement;

   

  WHEREAS,
      on September 3, 2021, KKR Holdings, KKR Holdings AIV and Parent entered into an Assignment and Assumption Tax Receivable Agreement
      pursuant to which, among other things, Holdings assigned to Holdings AIV certain of its rights under the Agreement relating to
      potential future Exchanges subsequent to the date of such agreement and Holdings AIV became a party to the Agreement;

   

  WHEREAS,
      on October 8, 2021, KKR Holdings, Parent, KKR Group Holdings Corp., KKR Group Partnership L.P., KKR Holdings GP Limited, KKR Associates
      Holdings L.P., KKR Associates Holdings GP Limited and KKR Management LLP entered into a Reorganization Agreement (the “Reorganization
        Agreement”) pursuant to which it was contemplated that, among other transactions, an internal reorganization would occur
      whereby KKR Holdings and Parent would become jointly owned by a new parent company;

   

  WHEREAS,
      pursuant to the terms of the Reorganization Agreement, in connection with such internal reorganization it was contemplated that
      following the Final Exchange (as defined below) the Parties hereto would amend the Agreement so as to terminate the Agreement
      with respect to any Exchanges that occur thereafter;

   

  WHEREAS,
      on May 18, 2022, the Parties hereto consummated an Exchange subject to the terms of this Agreement (the “Final Exchange”)
      and following such Final Exchange and in accordance with the Reorganization Agreement, the Parties hereby desire to make certain
      amendments to the Agreement for any Exchanges that occur after the date hereof; and

   

  WHEREAS,
      the Agreement is a “Covered Agreement” pursuant to the charter of the conflicts committee of the board of directors
      of Parent and, in accordance with such charter, the approval of the Committee was obtained on October 6, 2021 with respect to
      the Reorganization Agreement and the transactions contemplated thereby, including this Amendment.

   

  Capitalized
      terms used herein but not defined herein shall have the meanings assigned to such terms in the Agreement.

   

  NOW,
      THEREFORE, the Parties hereby agree as follows:

   

  		1.	Amendment to Section 1.01 of the Agreement. The following definitions are hereby added to the Agreement in proper alphabetical order:

   

  “Future
        Exchanges” means any and all Exchanges occurring after the TRA Amendment Effective Time.

  

  
     

    
      

    

  

   

  

  “TRA
        Amendment Effective Time” means 12:01 am Eastern Time on May 30, 2022.

   

  		2.	Amendment to Article IV of the Agreement. Section 4.04 shall be added to Article IV of the Agreement as follows:

   

  “Section
      4.04 Termination with respect to Future Exchanges. Notwithstanding any other provision of this Agreement to the contrary,
      no payment under this Agreement shall be made with respect to any Exchange that occurs on or after the TRA Amendment Effective
      Time and this Agreement shall be considered terminated with respect to such Exchanges, provided that, notwithstanding such
      termination, all obligations of the Parent and its subsidiaries to make payments arising under this Agreement with respect to
      any Exchanges completed prior to the TRA Amendment Effective Time shall remain outstanding and subject to the provisions of this
      Agreement.”

   

  		3.	Miscellaneous. Sections 7.01 through 7.08, 7.13, 7.15 and 7.18 of the Agreement shall apply to this Amendment, mutatis mutandis.
            No amendment to the Agreement shall be required to the extent any entity becomes a successor of any of the parties thereto.

   

  [Signature
        pages follow]

  

  
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  IN
      WITNESS WHEREOF, this Amendment has been duly executed and delivered by the undersigned as of the date first above written.

   

  

  	 	KKR HOLDINGS L.P.
	 	 	 	 	 
	 	By:	KKR Holdings GP Limited, its general partner
	 	 	 	 	 
	 	By:	/s/ David J. Sorkin	 
	 	 	Name:	David J. Sorkin	 
	 	 	Title:	Director	 

   

  	 	KKR HOLDINGS (AIV) L.P.
	 	 	 	 	 
	 	By:	KKR Holdings GP Limited, its general partner
	 	 	 	 	 
	 	By:	/s/ Robert H. Lewin	 
	 	 	Name:	Robert H. Lewin	 
	 	 	Title:	Director	 

   

  		KKR & CO. INC.
	 	 	 	 	 
	 	By:	/s/ Christopher Lee	 
	 	 	Name:	Christopher Lee	 
	 	 	Title:	Assistant Secretary	 

   

  	 	KKR GROUP HOLDINGS CORP.
	 	 	 	 	 
	 	By:	/s/ Christopher Lee	 
	 	 	Name: 	Christopher Lee	 
	 	 	Title: 	Assistant Secretary	 

   

  

  [Signature Page to Amendment to Tax
      Receivable Agreement]Exhibit 10.2

   

  ASSIGNMENT AND ASSUMPTION AGREEMENT

   

  This ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Agreement”) is
      made as of May 31, 2022, by and between KKR & Co. Inc., a Delaware corporation (“Assignor”), and KKR Aubergine Inc., a Delaware corporation (“Assignee”).

   

  RECITALS

   

  Pursuant to the Agreement and Plan of Merger, dated as the date hereof
      (the “Merger Agreement”), by and among Assignor, Assignee and KKR Aubergine Merger Sub II LLC (“Merger Sub”), a Delaware limited liability company and a direct wholly-owned subsidiary of Assignee, Assignor, Assignee and Merger Sub
      created a new holding company structure pursuant to Sections 251(g) and 264 of the General Corporation Law of the State of Delaware and Section 18-209 of the Delaware Limited Liability Company Act by merging Merger Sub with and into Assignor (the “Merger”),
      with Assignor continuing as the surviving entity of such Merger as a subsidiary of Assignee. In connection with the Merger, Assignor desires to assign to Assignee, and Assignee desires to assume from Assignor, in each case, other than the Excluded
      Agreements (as defined below): (i) any employee, director and executive compensation plans pursuant to which Assignor is obligated to, or may, issue equity securities to its directors, officers, or employees (all such plans, including but not limited
      to any such “Equity Incentive Plans” listed on Exhibit A hereto, collectively, the “Equity Incentive Plans”); (ii) each equity-based award agreement and/or similar agreement entered into pursuant to the Equity Incentive Plans, and each
      outstanding award granted thereunder (collectively, the “Award Agreements”); and (iii) any other agreements to which Assignor is a party (other than the Excluded Agreements), including but not limited to the agreements listed on Exhibit A
      hereto under the heading “Other Agreements”) (such agreements described by this clause (iii),the “Other Agreements” and, together with the Equity Incentive Plans and the Award Agreements, collectively, the “Assumed Agreements”).

   

  AGREEMENT

   

  NOW, THEREFORE, in consideration of the covenants and agreements set
      forth herein, the receipt and sufficiency of which is acknowledged by the parties hereto, the parties intending to be legally bound, agree as follows:

   

  Section 1.            Defined Terms. Capitalized terms used in
      this Agreement and not otherwise defined shall have the respective meanings assigned to them in the Merger Agreement.

   

  Section 2.          Assignment. Effective as of the Effective
      Time, Assignor hereby assigns, transfers and conveys to Assignee all of its rights and obligations under the Assumed Agreements, including but not limited to the Assumed Agreements listed on Exhibit A hereto. Notwithstanding anything to the
      contrary in the immediately foregoing sentence, pursuant to this Agreement, the Assignor is not assigning, transferring or conveying, and Assignee is not assuming, the agreements listed on Exhibit B hereto or any additional agreements that a
      member of management of Assignee deems necessary, desirable or advisable not to assign (collectively, the “Excluded Agreements”). The parties hereto agree and acknowledge and expressly authorize the management of Assignee to revise, replace or
      amend Exhibit B hereto from time to time, as any such person, acting individually, may deem necessary, desirable or advisable to reflect the addition, deletion or modification of Excluded Agreements.

   

  Section 3.           Assumption. Effective as of the Effective
      Time, Assignee hereby assumes all of the rights and obligations of Assignor under the Assumed Agreements, and agrees to abide by and perform all terms, covenants and conditions of Assignor under such Assumed Agreements. At the Effective Time, the
      Assumed Agreements shall each be automatically amended as necessary to provide that references to Assignor in such agreements shall be read to refer to Assignee, references to KKR Holdings L.P. in such agreements shall be read to refer to KKR Group
      Holdings L.P. and references to the common stock, $0.01 par value per share, of Assignor in such agreements shall be read to refer to common stock, $0.01 par value per share, of Assignee.

   

  
     

    
      
 

  

   

  Section 4.           Additional Actions. The parties hereto will
      take or cause to be taken all actions necessary or desirable to implement, confirm and effectuate the assumption by Assignee hereof of the Assumed Agreements. In furtherance and without limitation of the foregoing, if, at any time after the Effective
      Time, Assignee shall consider or be advised that any deeds, bills of sale, assignments, assurances or any other actions or things are necessary or desirable to vest, perfect or confirm, of record or otherwise, in Assignee, its right, title or
      interest in, to or under any of the rights, properties or assets of Assignor acquired or to be acquired by Assignee as a result of, or in connection with, the Merger or otherwise to carry out this Agreement, the officers and directors of Assignee
      shall be authorized to execute and deliver, in the name and on behalf of Assignor all such deeds, bills of sale, assignments and assurances and to take and do, in the name and on behalf of Assignor or otherwise, all such other actions and things as
      may be necessary or desirable to vest, perfect or confirm any and all right, title and interest in, to and under such rights, properties or assets in Assignee or otherwise to carry out this Agreement. Subject to the terms of this Agreement, the
      parties hereto shall take all reasonable and lawful action as may be necessary or appropriate to cause the intent of this Agreement to be carried out, including, without limitation, entering into amendments to the Assumed Agreements and notifying
      other parties thereto of such assignment and assumption.

   

  Section 5.             Successors and Assigns. This Agreement
      shall be binding upon Assignor and Assignee, and their respective successors and assigns. The terms and conditions of this Agreement shall survive the consummation of the transfers provided for herein.

   

  Section 6.             Governing Law. This Agreement shall be
      governed by and construed in accordance with, the laws of the State of Delaware, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws.

   

  Section 7.          Counterparts. This Agreement may be executed
      in one or more counterparts, each of which when executed shall be deemed to be an original but all of which shall constitute one and the same agreement. The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating
      to this Agreement or any document to be signed in connection with this Agreement shall be deemed to include electronic signatures, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or
      enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, and the parties hereto consent to conduct the transactions contemplated hereunder by electronic means.

   

  Section 8.            Entire Agreement. This Agreement,
      including Exhibit A and Exhibit B attached hereto, together with the Merger Agreement and the Reorganization Agreement, constitute the entire agreement and supersede all other agreements and undertakings, both written and oral, among
      the parties, or any of them, with respect to the subject matter hereof.

   

  Section 9.           Interpretation. The headings herein are for
      convenience of reference only, do not constitute part of this Agreement and shall not be deemed to limit, affect the meaning or interpretation or otherwise affect any of the provisions hereof. Whenever the words “include,” “includes” or “including”
      are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” Where a reference in this Agreement is made to any agreement (including this Agreement), contract, statute or regulation, such references are to,
      except as context may otherwise require, the agreement, contract, statute or regulation as amended, modified, supplemented, restated or replaced from time to time (in the case of an agreement or contract, to the extent permitted by the terms
      thereof); and to any section of any statute or regulation including any successor thereto.

   

  
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  Section 10.           Amendments. This Agreement may not be
      modified or amended except by a writing executed by the parties hereto.

   

  Section 11.          Severability. The provisions of this
      Agreement are severable, and in the event any provision hereof is determined to be invalid or unenforceable, such invalidity or unenforceability shall not in any way affect the validity or enforceability of the remaining provisions hereof.

   

  Section 12.          Third Party Beneficiaries. The parties to
      the various equity-based award agreements and/or similar agreements entered into pursuant to the Equity Incentive Plans, and each outstanding award granted thereunder, and the parties to the Other Agreements, are intended to be third party
      beneficiaries to this Agreement.

   

  [Signature Page Follows]

   

  
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  IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment and
      Assumption Agreement to be executed as of the date first written above by their respective officers thereunto duly authorized.

   

  	 	ASSIGNOR:
	 	 	 
	 	KKR & CO. INC.
	 	 	 
	 	By:	/s/ David J. Sorkin
	 	Name:  David J. Sorkin
	 	Title:    General Counsel and Secretary

   

  	 	ASSIGNEE:
	 	 	 
	 	KKR AUBERGINE INC.
	 	 	 
	 	By:	/s/ Christopher Lee
	 	Name:  Christopher Lee
	 	Title:    Assistant Secretary

    

  [Signature Page to Assignment and Assumption Agreement]

   

  
     

    
      
 

  

   

  Exhibit A

   

  Assumed Agreements

   

  Equity Incentive Plans (and all applicable award agreements granted or issued thereunder):

   

  		1.	Amended and Restated KKR & Co. Inc. 2010 Equity Incentive Plan; provided that references to “Class A Common Stock”
            shall be deemed to be references to “Common Stock” and references to “Class B Stockholder” shall be deemed to be references to “Series I Preferred Stockholder”

   

  		2.	Amended and Restated KKR & Co. Inc. 2019 Equity Incentive Plan;

   

  Other Agreements:

   

  		1.	Registration Rights Agreement dated July 14, 2010, by and among KKR & Co. L.P., KKR Holdings L.P. and the persons
            from time to time party thereto

   

  		2.	Indemnification Agreement, dated as of May 3, 2018, between KKR & Co. L.P. and KKR Management LLP, formerly KKR
            Management LLC

   

  		3.	Indemnification Agreements with the following directors or former directors of KKR & Co Inc.:

   

  		a.	Henry R. Kravis

  

  		b.	George R. Roberts

  

  		c.	Joseph Y. Bae

  

  		d.	Scott C. Nuttall

  

  		e.	Adriane M. Brown

  

  		f.	Matthew R. Cohler

  

  		g.	Mary N. Dillon

  

  		h.	Joseph A. Grundfest

  

  		i.	Arturo Gutierrez Hernandez

  

  		j.	John B. Hess

  

  		k.	Dane E. Holmes

  

  		l.	Xavier B. Niel

  

  		m.	Patricia F. Russo

  

  		n.	Thomas M. Schoewe

  

  		o.	Robert W. Scully

  

  		p.	Evan T. Spiegel

    

  
     

    
      
 

  

   

  Exhibit B

   

  Excluded Agreements

   

  		1.	Third Amended and Restated Exchange Agreement, dated as of January 1, 2020, among KKR Group Partnership L.P., KKR
            Holdings L.P., KKR & Co. Inc. and KKR Group Holdings Corp.

   

  		2.	Tax Receivable Agreement, dated as of July 14, 2010, among KKR Holdings L.P., KKR & Co. Inc., KKR Group Holdings
            Corp. and other parties thereto.

   

  		3.	Amendment to Tax Receivable Agreement, dated as of May 3, 2018, among KKR Holdings L.P., KKR & Co. Inc., KKR Group
            Holdings Corp. and other parties thereto.

   

  		4.	Amendment No. 2 to Tax Receivable Agreement, dated as of May 30, 2022, among KKR Holdings L.P., KKR & Co. Inc., KKR
            Group Holdings Corp. and other parties thereto.

   

  		5.	Indenture dated as of February 1, 2013 among KKR Group Finance Co. II LLC, KKR & Co. L.P., KKR Management Holdings
            L.P., KKR Fund Holdings L.P. and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  		6.	First Supplemental Indenture dated as of February 1, 2013 among KKR Group Finance Co. II LLC, KKR & Co. L.P., KKR
            Management Holdings L.P., KKR Fund Holdings L.P. and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  		7.	Second Supplemental Indenture dated as of August 5, 2014 among KKR Group Finance Co. II LLC, KKR & Co. L.P., KKR
            Management Holdings L.P., KKR Fund Holdings L.P., KKR International Holdings L.P. and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  		8.	Indenture dated as of May 29, 2014 among KKR Group Finance Co. III LLC, KKR & Co. L.P., KKR Management Holdings L.P.,
            KKR Fund Holdings L.P. and The Bank of New York Mellon Trust Company, N. A., as trustee.

   

  		9.	First Supplemental Indenture dated as of May 29, 2014 among KKR Group Finance Co. III LLC, KKR & Co. L.P., KKR
            Management Holdings L.P., KKR Fund Holdings L.P. and The Bank of New York Mellon Trust Company, N. A., as trustee.

   

  		10.	Second Supplemental Indenture dated as of August 5, 2014 among KKR Group Finance Co. III LLC, KKR & Co. L.P., KKR
            Management Holdings L.P., KKR Fund Holdings L.P., KKR International Holdings L.P. and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  		11.	Indenture dated as of March 23, 2018 among KKR Group Finance Co. IV LLC, KKR & Co. L.P., KKR Management Holdings
            L.P., KKR Fund Holdings L.P., KKR International Holdings L.P. and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  		12.	First Supplemental Indenture dated as of March 23, 2018 among KKR Group Finance Co. IV LLC, KKR & Co. L.P., KKR
            Management Holdings L.P., KKR Fund Holdings L.P., KKR International Holdings L.P. and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  		13.	Indenture dated as of May 22, 2019 among KKR Group Finance Co. V LLC, KKR & Co. Inc., KKR Management Holdings L.P.,
            KKR Fund Holdings L.P., KKR International Holdings L.P. and The Bank of New York Mellon Trust Company, N.A., as trustee. 

   

  
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  		14.	First Supplemental Indenture dated as of May 22, 2019 among KKR Group Finance Co. V LLC, KKR & Co. Inc., KKR
            Management Holdings L.P., KKR Fund Holdings L.P., KKR International Holdings L.P. and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  		15.	Indenture dated as of July 1, 2019 among KKR Group Finance Co. VI LLC, KKR & Co. Inc., KKR Management Holdings L.P.,
            KKR Fund Holdings L.P., KKR International Holdings L.P. and The Bank of New York Mellon Trust Company, N.A., as trustee. 

   

  		16.	First Supplemental Indenture dated as of July 1, 2019 among KKR Group Finance Co. VI LLC, KKR & Co Inc., KKR
            Management Holdings L.P., KKR Fund Holdings L.P., KKR International Holdings L.P. and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  		17.	Second Supplemental Indenture dated as of April 21, 2020 among KKR Group Finance Co. VI LLC, KKR & Co. Inc., KKR
            Group Partnership L.P. and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  		18.	Indenture dated as of February 25, 2020 among KKR Group Finance Co. VII LLC, KKR & Co. Inc., KKR Group Partnership
            L.P. and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  		19.	First Supplemental Indenture, dated as of February 25, 2020 among KKR Group Finance Co. VII LLC, KKR & Co. Inc., KKR
            Group Partnership L.P. and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  		20.	Indenture dated as of August 25, 2020 among KKR Group Finance Co. VIII LLC, KKR & Co. Inc., KKR Group Partnership
            L.P. and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  		21.	First Supplemental Indenture dated as of August 25, 2020 among KKR Group Finance Co. VIII LLC, KKR & Co. Inc., KKR
            Group Partnership L.P. and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  		22.	Indenture dated as of March 31, 2021 among KKR Group Finance Co. IX LLC, KKR & Co. Inc., KKR Group Partnership L.P.
            and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  		23.	First Supplemental Indenture dated as of March 31, 2021 among KKR Group Finance Co. IX LLC, KKR & Co. Inc., KKR Group
            Partnership L.P. and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  		24.	Indenture dated as of December 8, 2021 among KKR Group Finance Co. X LLC, KKR & Co. Inc., KKR Group Partnership L.P.
            and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  		25.	First Supplemental Indenture dated as of December 8, 2021 among KKR Group Finance Co. X LLC, KKR & Co. Inc., KKR
            Group Partnership L.P. and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  		26.	Indenture dated as of April 26, 2022 among KKR Group Finance Co. XI LLC, KKR & Co. Inc., KKR Group Partnership L.P.
            and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  		27.	First Supplemental Indenture dated as of April 26, 2022 among KKR Group Finance Co. XI LLC, KKR & Co. Inc., KKR Group
            Partnership L.P. and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  
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  		28.	Indenture dated as of May 17, 2022 among KKR Group Finance Co. XII LLC, KKR & Co. Inc., KKR Group Partnership L.P.
            and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

  		29.	First Supplemental Indenture dated as of May 17, 2022 among KKR Group Finance Co. XII LLC, KKR & Co. Inc., KKR Group
            Partnership L.P. and The Bank of New York Mellon Trust Company, N.A., as trustee.

   

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