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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
o 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, LP AP Epoch Management, LP Apollo Real Estate Investment Fund, LP AREIF II Co-Investors, LLC AREILIII_Co-Investors, LLC AREIF IV _Co-Investors,
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
lo 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 AP Epoch Management, LP Apollo Real Estate Investment Fund, LP AREIF II Co-Investors, LLC AREIF III Co-Investors, LW AREIF IV Co-Investors,
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
o 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, LP AP Epoch Management, LP Apollo Real Estate Investment Fund, LP AREIF II Co-Investors, LLC AREIF III Co-Investors, LLC AREIF IV Co-Investors,
Entities connected to both New York State and AP Excelsior Management

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 Forfeited Interests
ORGANIZATIONthe Tax Receivable Agreement
ORGANIZATIONHarrah
ORGANIZATION
Cayman Islands
LOCATIONJOINDER
ORGANIZATIONTransferee
ORGANIZATIONJohn J. Suydam
PERSON