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payable, if any, as a result of the receipt of such Forfeited Interests and Heritage Points, calculated based on the maximum combined U.S. federal, New York State and New York City tax rate applicable to individuals. Transfers pursuant to this Section 4.1(d) shall not increase a Principal Group's number of Tr
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
payable, if any, as a result of the receipt of such Forfeited Interests and Heritage Points, calculated based on the maximum combined U.S. federal, New York State and New York City tax rate applicable to individuals. Transfers pursuant to this Section 4.1(d) shall not increase a Principal Group's number of Tr
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
quired to pay Taxes payable, if any, as a result of the receipt of such forfeited interests, calculated based on the maximum combined U.S. federal, New York State and New York City tax rate applicable to individuals. Transfers pursuant to this Section 4.2 shall not increase a Principal Group's number of Trans
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 New York State and Principal's Employment Agreement

United States
LOCATIONLeon Black
PERSONthe Southern District
LOCATIONthe State of New York
LOCATIONWeiss
PERSON
Eric Holder
PERSONLevin
PERSONCayman
LOCATION
Exchange
ORGANIZATION
the United States District Court
ORGANIZATION
Apollo Global Management
ORGANIZATION
Holdings
ORGANIZATIONApollo Management Holdings
ORGANIZATIONthe Tax Receivable Agreement
ORGANIZATION
Cayman Islands
LOCATIONHarrah
ORGANIZATIONthe Forfeited Interests
ORGANIZATIONApollo Real Estate Capital Partners
ORGANIZATION
Josh Harris
PERSONAda Clapp
PERSON