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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
indermen" shall refer to those Persons entitled to a share of a trust's assets if it were then to terminate. No Principal shall ever be a member of the Group of another Principal. "Heritage Fund" means Fund IV and/or Fund V, as applicable. 7 Otion—US4-Hen03.$9.4 Dckt: US1-10770389v1$ EFTA00808231 "Heritage Points" means
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
indermen" shall refer to those Persons entitled to a share of a trust's assets if it were then to terminate. No Principal shall ever be a member of the Group of another Principal. lieritage Fund" means Fund IV and/or Fund V, as applicable. "Heritage Points" means the nominal number of "points" with respect to each Heritage
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
indermen" shall refer to those Persons entitled to a share of a trust's assets if it were then to terminate. No Principal shall ever be a member of the Group of another Principal. "Heritage Fund" means Fund IV and/or Fund V, as applicable. "Heritage Points" means the nominal number of "points" with respect to each Heritage
Entities connected to both New York State and the Group of another Principal

United States
LOCATIONLeon Black
PERSONthe Southern District
LOCATIONthe State of New York
LOCATIONWeiss
PERSON
Eric Holder
PERSONCayman
LOCATIONLevin
PERSON
Exchange
ORGANIZATION
Apollo Global Management
ORGANIZATIONApollo Management Holdings
ORGANIZATION
the United States District Court
ORGANIZATIONthe Tax Receivable Agreement
ORGANIZATION
Holdings
ORGANIZATIONthe AOG Units
ORGANIZATIONBlack Family GP
ORGANIZATIONthe Apollo Operating Group
ORGANIZATIONBRH Holdings GP, Ltd.
ORGANIZATIONBRH Holdings GP
ORGANIZATIONDisability
ORGANIZATION