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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
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
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
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
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
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 New York State and Apollo Real Estate Co-Investors

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
ORGANIZATIONForfeiting Principal
ORGANIZATION
Josh Harris
PERSONAda Clapp
PERSON