Epstein Secrets

be adjusted pursuant to Section 2.3. "Equivalent Heritage Points Deficit" means, with respect to a Principal Group, as of immediately prior to any Exchange, the excess (if any) of the number of 4 I ." CSI. 144-7-7441'9 1/octi: US1:107703119t 15 EFTA00808228 Equivalent Heritage Points of such Princ

company. "Apollo" means Apollo Global Management, LLC. "Apollo Employer" means Apollo or any successor thereto. "Apollo Operating Group" means (i) Apollo Management Holdings, M., a Delaware limited partnership, Apollo Principal Holdings I, M., a Delaware limited partnership, Apollo Princi al Holdings II, ., a Delaware

xchange Agreement, and the subsequent sale of such Class A Share at prevailing market prices for a Class A Share (unless the Person requesting such Exchange is willing to accept a lower price, e.g., to effect a block trade), (ii) a redemption of AOG Units initiated by Apollo or any of its Subsidiaries, s

ion or other reorganization. "Apollo" means Apollo Global Management, LLC, a Delaware limited liability company. "Apollo Operating Group" means (i) Apollo Management Holdings, L.P., a Delaware limited partnership, Apollo Principal Holdings I, L.P., a Delaware limited partnership, Apollo Principal Holdings II, L.P., a Del

vable Agreement) made with respect to the Transaction result in additional step ups in tax basis and in additional future tax deductions. A further Exchange (as defined in Section 1.01 of the Tax Receivable I Unless otherwise specified. all references to "Section" are to the Internal Revenue Code of 1986

2 billion in proceeds from the sale of convertible securities. The Intermediate Holding Companies used these proceeds to purchase a 20% interest in Apollo Management Holdings, L.P, Apollo Principal Holdings I, L.P., Apollo Principal Holdings II, L.P., Apollo Principal Holdings III, L.P., and Apollo Principal Holdings IV,

shall be adjusted pursuant to Section "Equivalent Heritage Points Deficit" means, with respect to a Principal Group, as of immediately prior to any Exchange, the excess (if any) of the number of Equivalent Heritage Points of such Principal Group over the Pecuniary Interest in the Heritage Points of such

company. "Apollo" means Apollo Global Management, LLC. "Apollo Employer" means Apollo or any successor thereto. "Apollo Operating Group" means (i) Apollo Management Holdings, L.P., a Delaware limited partnership, Apollo Principal Holdings I, L.P., a Delaware limited partnership, Apollo Principal Holdings II, L.P., a Del

II, L.P., Apollo Principal Holdings IV. L.P. and Apollo Management Holdings, L.P. Key Definitions "Basis Adjustment" -- means, as a result of an Exchange and the payments made, the adjustment to the tax basis of an asset under... Sections 743(6) and 754 of the Code (in situations where, following an

ement (the "TRA"), dated July 13, 2007 Parties to Agreement APO Corp.. Apollo Principal Holdings II, L.P., Apollo Principal Holdings IV. L.P. and Apollo Management Holdings, L.P. Key Definitions "Basis Adjustment" -- means, as a result of an Exchange and the payments made, the adjustment to the tax basis of an asset

be adjusted pursuant to Section 2.3. "Equivalent Heritage Points Deficit" means, with respect to a Principal Group, as of immediately prior to any Exchange, the excess (if any) of the number of Equivalent Heritage Points of such Principal Group over the Pecuniary Interest in the Heritage Points of such

company. "Apollo" means Apollo Global Management, LLC. "Apollo Employer" means Apollo or any successor thereto. "Apollo Operating Group" means (i) Apollo Management Holdings, L.P., a Delaware limited partnership, Apollo Principal Holdings 1, L.P., a Delaware limited partnership, Apollo Principal Holdings II, L.P., a Del