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company. "Apollo" means Apollo Global Management, LLC. "Apollo Employer" means Apollo or any successor thereto. "Apollo Operating Group" means (i) Apollo Management Holdings, M., a Delaware limited partnership, Apollo Principal Holdings I, M., a Delaware limited partnership, Apollo Princi al Holdings II, ., a Delaware
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)
company. "Apollo" means Apollo Global Management, LLC. "Apollo Employer" means Apollo or any successor thereto. "Apollo Operating Group" means (i) Apollo Management Holdings, L.P., a Delaware limited partnership, Apollo Principal Holdings I, L.P., a Delaware limited partnership, Apollo Principal Holdings II, L.P., a Del
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
company. "Apollo" means Apollo Global Management, LLC. "Apollo Employer" means Apollo or any successor thereto. "Apollo Operating Group" means (i) Apollo Management Holdings, L.P., a Delaware limited partnership, Apollo Principal Holdings 1, L.P., a Delaware limited partnership, Apollo Principal Holdings II, L.P., a Del
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 Apollo Management Holdings and Transferred Interests

Apollo Global Management
ORGANIZATIONLeon Black
PERSON
Exchange
ORGANIZATION
New York State
LOCATION
Eric Holder
PERSONCayman
LOCATIONthe Group of another Principal
ORGANIZATION
Holdings
ORGANIZATIONthe Tax Receivable Agreement
ORGANIZATION
United States
LOCATION
Cayman Islands
LOCATIONElysium Management LLC
ORGANIZATIONthe AOG Units
ORGANIZATIONBlack Family GP
ORGANIZATIONBRH Holdings GP, Ltd.
ORGANIZATIONAPO Asset Co.
ORGANIZATIONLevin
PERSONBRH Holdings GP
ORGANIZATIONthe Heritage Points
ORGANIZATIONDisability
ORGANIZATION