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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
Estate Advisors V, LP Apollo International Real Estate Advisors, LP Apollo Poland Real Estate Advisors, LLC Apollo_EU Real Estate Advisors H, LP Apollo Real Estate Mezzanine Advisors, LP Apollo Excelsior Capital Partners, LP Apollo EpuAchileal Estate Advisors, LP Apollo Real Estate Advisors, LP Apollo Real Estate Management IL
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
Estate Advisors V, LP Apollo International Real Estate Advisors, LP Apollo Poland Real Estate Advisors, LLC Apollo EU Real Estate Advisors II, LP Apollo Real Estate Mezzanine Advisors, LP Apollo Excelsior Capital Partners, LP Apollo Epoch Real Estate Advisors, LP Apollo Real Estate Advisors, LP Apollo Real Estate Management II,
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
Estate Advisors V, LP Apollo International Real Estate Advisors, LP Apollo Poland Real Estate Advisors, LLC Apollo EU Real Estate Advisors II, LP Apollo Real Estate Mezzanine Advisors, LP Apollo Excelsior Capital Partners, LP Apollo Epoch Real Estate Advisors, LP Apollo Real Estate Advisors, LP Apollo Real Estate Management II,
Entities connected to both Exchange and Apollo Real Estate Mezzanine Advisors

United States
LOCATIONLeon Black
PERSONthe State of New York
LOCATION
Eric Holder
PERSONCayman
LOCATION
Cayman Islands
LOCATION
New York State
LOCATIONApollo Management Holdings
ORGANIZATIONWeiss
PERSONthe Apollo Operating Group
ORGANIZATIONLevin
PERSONJohn J. Suydam
PERSON
Apollo Global Management
ORGANIZATIONBRH Holdings GP, Ltd.
ORGANIZATIONthe Group of another Principal
ORGANIZATIONthe Tax Receivable Agreement
ORGANIZATIONFund IV
ORGANIZATIONBRH Holdings GP
ORGANIZATIONDisability
ORGANIZATIONthe Heritage Points
ORGANIZATION