SEC Contract Filing

Filing Date: 2019-05-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>3
<FILENAME>exhibit1041q2019.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
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<div><a name="s77645656C92185A45D159E38D2364877"></a></div><div></div><div><br></div><div style="line-height:120%;padding-top:12px;text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Exhibit 10.4</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;"><img src="levindanielchangeof.jpg" alt="levindanielchangeof.jpg" style="height:68px;width:264px;"></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Oaktree Capital Management, L.P.</font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">333 South Grand Avenue, 28th floor</font></div><div style="line-height:120%;padding-bottom:6px;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Los Angeles, CA 90071</font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">p +1 213 830-6300 </font></div><div style="line-height:120%;padding-bottom:6px;text-align:left;font-size:12pt;"><a style="font-family:inherit;font-size:12pt;color:#000000;" href="#"><font style="font-family:inherit;font-size:12pt;color:#000000;">www.oaktreecapital.com</font></a></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:12px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">May 8, 2019</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Mr. Daniel Levin <br>c/o Oaktree Capital Management, L.P.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">333 South Grand Avenue, 28th Floor</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Los Angeles, California 90071</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Re: &#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">Change in Control Definition for Equity Grants</font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Dear Dan:</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">We are writing in reference to the Restricted Unit Award Agreement by and among Oaktree Capital Group Holdings, L.P., a Delaware limited partnership (&#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">OCGH</font><font style="font-family:inherit;font-size:11pt;">&#8221;), Oaktree Capital Group Holdings GP, LLC, a Delaware limited liability company (&#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">OCGH GP</font><font style="font-family:inherit;font-size:11pt;">&#8221;), and you dated as of March 28, 2019 (the &#8220;</font><font style="font-family:inherit;font-size:11pt;text-decoration:underline;">Grant Agreement</font><font style="font-family:inherit;font-size:11pt;">&#8221;). Capitalized terms used but not defined herein are used as defined in the Grant Agreement.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Under the terms of the Grant Agreement, the Granted Units are subject to accelerated vesting in the event that (</font><font style="font-family:inherit;font-s