Epstein Secrets

Principal's termination; and (v) any mandatory capital commitments by Holdings to a Heritage Fund will be made by the Principals in accordance with the Heritage Points Percentages in such Heritage Fund without giving effect to any adjustments thereto (for the avoidance of doubt, each such capital commitment by a Principal or

rs (V), LLC Apollo Corp. AREIF V Co-Investors, LLC AIREF Co-Investors, LLC Apollo Poland Real Estate_Codnvestment, LP AIREF II Co-Investors, LLC AP Epoch Co-Investors, LLC Excelsior Co-Investors, LLC AREMF Co-Investors, LLC I USI:10770389v 15 EFTA00808266 SCHEDULE II Excluded Assets (Continued) ARES_CORMRA

Principal's termination; and (v) any mandatory capital commitments by Holdings to a Heritage Fund will be made by the Principals in accordance with the Heritage Points Percentages in such Heritage Fund without giving effect to any adjustments thereto (for the avoidance of doubt, each such capital commitment by a Principal or

rs (V), LLC Apollo Corp. AREIF V Co-Investors, LLC AIREF Co-Investors, LLC Apollo Poland Real Estate Co-Investment, LP AIREF II Co-Investors, LW AP Epoch Co-Investors, LLC Excelsior Co-Investors, LW AREMF Co-Investors, LLC NV1:168445916 EFTA00623337 SCHEDULE II Excluded Assets (Continued) ARES CORPORATE OP

Principal's termination; and (v) any mandatory capital commitments by Holdings to a Heritage Fund will be made by the Principals in accordance with the Heritage Points Percentages in such Heritage Fund without giving effect to any adjustments thereto (for the avoidance of doubt, each such capital commitment by a Principal or

s (V), LLC Apollo Corp. AREIF V Co-Investors, LLC AIREF Co-Investors, LLC Apollo Poland Real Estate Co-Investment, LP AIREF II Co-Investors, LLC AP Epoch Co-Investors, LLC Excelsior Co-Investors, LLC AREMF Co-Investors, LLC Doeff: USI: I0770389v IS EFTA00583375 SCHEDULE II Excluded Assets (Continued) ARES