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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
1:I07703$ EFTA00808265 Apollo Real Estate Management V, LP Apollo International Real Estate Management, LP Apollo EU Real Estate Management II,12 Apollo Real Estate Co-Investors (EU), LLC AREA Co-Investors (EU), LLC Apollo Corp. EU II Co-Investors, LLC Apollo Real Estate Mezzanine Management, LP AP Excelsior Management, L
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
ate Management IV, LP Apollo Real Estate Management V, LP Apollo International Real Estate Management, LP Apollo EU Real Estate Management II, LP Apollo Real Estate Co-Investors (EU), LLC AREA Co-Investors (EU), LW Apollo Corp. EU II Co-Investors, LLC Apollo Real Estate Mezzanine Management, LP AP Excelsior Management, LP
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
e Management V, LP Apollo International Real Estate Management, LP Does: USI: I0770389v IS EFTA00583374 Apollo EU Real Estate Management II, LP Apollo Real Estate Co-Investors (EU), LLC AREA Co-Investors (EU), LLC Apollo Corp. EU II Co-Investors, LLC Apollo Real Estate Mezzanine Management, LP AP Excelsior Management, L
Entities connected to both Exchange and Apollo Real Estate Co-Investors

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