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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
3119,15 EFTA00808264 SCHEDULE II Excluded Assets PRIVATE EQUITY FUNDS Apollo Advisors, LP Apollo Advisors II, LP APOLLO REAL ESTATE ENTITIES Apollo Real Estate Capital Partners, LP Apollo Real Estate Advisors II, LP Apollo Real Estate Advisors HI, LP Apollo Real Estate Advisors IV LP Apollo Real Estate Advisors V, LP Ap
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
cipals] EFTA00623336 SCHEDULE II Excluded Assets PRIVATE EOUITY FUNDS Apollo Advisors, LP Apollo Advisors II, LP APOLLO REAL ESTATE ENTITIES Apollo Real Estate Capital Partners, LP Apollo Real Estate Advisors II, LP Apollo Real Estate Advisors III, LP Apollo Real Estate Advisors IV, LP Apollo Real Estate Advisors V, LP
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
3119v15 EFTA00583373 SCHEDULE II Excluded Assets PRIVATE EOUITY FUNDS Apollo Advisors, LP Apollo Advisors II, LP APOLLO REAL ESTATE ENTITIES Apollo Real Estate Capital Partners, LP Apollo Real Estate Advisors II, LP Apollo Real Estate Advisors III, LP Apollo Real Estate Advisors IV, LP Apollo Real Estate Advisors V, LP
Entities connected to both New York State and Apollo Real Estate Capital Partners

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
ORGANIZATION
Holdings
ORGANIZATIONApollo Management Holdings
ORGANIZATION
Cayman Islands
LOCATIONthe Tax Receivable Agreement
ORGANIZATIONthe Forfeited Interests
ORGANIZATIONHarrah
ORGANIZATIONAda Clapp
PERSON
Josh Harris
PERSONHoldings of an
ORGANIZATION