Epstein Secrets

ional Class A shams in one or more future primary offerings. Our managing partners and contributing partners. through their partnership interests in Holdings. owned an aggregate of 65.9% of the Apollo Operating Group units as of December 31. 2011. Subject to certain procedures and restrictions (including

tly do not intend to make, or cause to be made, an election to adjust asset basis under Section 754 of the Internal Revenue Code with respect to us. Apollo Principal Holdings I. L.P.. Apollo Principal Holdings II. L.P. Apollo Principal Holdings III. L.P., Apollo Principal Holdings IV. L.P., Apollo Principal Holdi

dditional 240.1300000 Class A shares added to the diluted earnings per share calculation. Apollo has one Class B share outstanding. which is held by Holdings. The voting power of the Class B share is reduced on a one vote per one AOG Unit basis in the event of an exchange of AOG Units for Class A shares,

f Contents Exhibit Number Exhibit Description 10.11 Exchange Agreement. dated as of July 13. 2007. by and among Apollo Global Management. LLC. Apollo Principal Holdings I. LP.. Apollo Principal Holdings II. L.P.. Apollo Principal Holdings HL L.P.. Apollo Principal Holdings IV. L.P.. Apollo Management Holdin

o holder of Class B shares will be entitled to preemptive, redemption or conversion rights. Voting Rights The Class B share that we have issued to Holdings is initially entitled to 240.000,000 votes on all matters submitted to a vote of our shareholders. To the extent a Managing Partner or Contributing

s made such an election while. Apollo Principal 44 EFTA00613354 Holdings I, Apollo Principal Holdings II, M., Apollo Principal Holdings III, M., Apollo Principal Holdings IV.... Apollo Principal Holdings V, M., Apollo Principal Holdings VI, M., Apollo Principal Holdings VII. M.. Apollo Principal Holdings VII