13D Filing: Etude Capital, LLC. and OHA Investment Corp (OHAI)

The following constitutes
Amendment No. 1 to the Schedule 13D filed by the undersigned (“Amendment No. 1”). This Amendment No. 1 amends the Schedule
13D as specifically set forth herein.

Item 3.

Source and Amount of Funds or Other Consideration.

Item 3 is hereby amended
and restated to read as follows:

The Shares purchased
by BLR Partners and Radoff Foundation were purchased with working capital (which may, at any given time, include margin loans made
by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted. The aggregate purchase
price of the 600,000 Shares owned directly by BLR Partners is approximately $611,989, including brokerage commissions. The aggregate
purchase price of the 450,000 Shares owned directly by Radoff Foundation is approximately $519,887, including brokerage commissions.

The Shares directly
owned by Mr. Radoff were purchased with personal funds (which may, at any given time, include margin loans made by brokerage firms
in the ordinary course of business) in open market purchases, except as otherwise noted. The aggregate purchase price of the 566,800
Shares directly owned by Mr. Radoff is approximately $698,730, including brokerage commissions.

The Shares purchased
by Etude and CapLab were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms
in the ordinary course of business) in open market purchases, except as otherwise noted. The aggregate purchase price of the 53,000
Shares owned directly by Etude is approximately $59,644, including brokerage commissions. The aggregate purchase price of the 202,000
Shares owned directly by CapLab is approximately $204,949, including brokerage commissions.

Item 5.

Interest in Securities of the Issuer.

Items 5(a)-(c) are
hereby amended and restated to read as follows:

The aggregate percentage
of Shares reported owned by each person named herein is based upon 20,172,392 Shares outstanding as of August 10, 2017, which is
the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q, filed with the Securities
and Exchange Commission on August 10, 2017.

A.

Etude

(a)

As of the close of business on October 17, 2017, Etude beneficially owned 53,000 Shares.

Percentage: Less than
1%

(b)

1. Sole power to vote or direct vote: 53,000 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 53,000 4. Shared power to dispose or direct the disposition: 0

(c)

Etude has not entered into any transactions in the Shares since the filing of the Schedule 13D.