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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
of any Fund pursuant to its organizational documents, (v) compensation and benefits paid or given to a Principal consistent with the terms of such Principal's Employment Agreement, (vi) director options issued prior to January I, 2007 by any Portfolio Company, (vii) an entity formed (without any material economics) to control
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
of any Fund pursuant to its organizational documents, (v) compensation and benefits paid or given to a Principal consistent with the terms of such Principal's Employment Agreement, (vi) director options issued prior to January 1, 2007 by any Portfolio Company, (vii) an entity formed (without any material economics) to control
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
of any Fund pursuant to its organizational documents, (v) compensation and benefits paid or given to a Principal consistent with the terms of such Principal's Employment Agreement, (vi) director options issued prior to January I, 2007 by any Portfolio Company, (vii) an entity formed (without any material economics) to control
Entities connected to both Exchange and Principal's Employment Agreement

United States
LOCATIONLeon Black
PERSONthe State of New York
LOCATION
Eric Holder
PERSONCayman
LOCATION
Cayman Islands
LOCATION
New York State
LOCATIONthe Apollo Operating Group
ORGANIZATIONApollo Management Holdings
ORGANIZATIONWeiss
PERSONthe Group of another Principal
ORGANIZATIONthe Tax Receivable Agreement
ORGANIZATIONBRH Holdings GP
ORGANIZATION
Apollo Global Management
ORGANIZATIONBRH Holdings GP, Ltd.
ORGANIZATIONJohn J. Suydam
PERSONLevin
PERSONFund IV
ORGANIZATIONSubsidiaries
ORGANIZATIONJOINDER
ORGANIZATION