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

The Reporting Persons,
as members of a “group” for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, may
be deemed the beneficial owner of the Shares directly owned by the other Reporting Persons. Each Reporting Person disclaims beneficial
ownership of such Shares except to the extent of his or its pecuniary interest therein.

On September
29, 2017, the Reporting Persons entered into a Group Agreement (the “Group Agreement”) in which the Reporting
Persons agreed, among other things, to (i) engage in discussions with the Issuer regarding means to enhance stockholder value
and corporate governance, (ii) the joint filing on behalf of each of them of statements on Schedule 13D with respect to
the securities of the Issuer to the extent required by applicable law law and (iii) provide for the division of profits
between the BLR Parties and the Etude Parties as set forth therein. The Group Agreement is attached hereto as Exhibit 99.1
and is incorporated herein by reference.

Other than as described
herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting
Persons and any other person, with respect to the securities of the Issuer.