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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
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 Transferred Interests. ARTICLE V GOVERNANCE; CERTAIN RIGHTS; COMPETING ACTIVITIES Section 5.1 Executive Committee; Limitations on Holdings and the Holdings GP. (a)
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
te 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 Transferred Interests. NYI:1686459.16 19 EFTA00623319 SECTION 4.2 FORFEITURE BY OTHER PERSONS (a) In the event of any forfeiture to (or for the benefit of) Holding
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
ate 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 Transferred Interests. Section 4.2 Forfeiture by Other Persons. (a) In the event of any forfeiture to (or for the benefit of) Holdings of AOG Units or other economic
Entities connected to both New York State and Transferred Interests

United States
LOCATIONLeon Black
PERSONthe Southern District
LOCATIONthe State of New York
LOCATIONWeiss
PERSONLevin
PERSON
Eric Holder
PERSONCayman
LOCATION
Exchange
ORGANIZATION
the United States District Court
ORGANIZATION
Apollo Global Management
ORGANIZATIONApollo Management Holdings
ORGANIZATION
Holdings
ORGANIZATIONthe Tax Receivable Agreement
ORGANIZATIONthe Forfeited Interests
ORGANIZATIONHarrah
ORGANIZATION
Cayman Islands
LOCATIONApollo Co-Investors III
ORGANIZATIONApollo Asia Co-Investors Offshore
ORGANIZATIONRS Movie Holdings
ORGANIZATION