Epstein Secrets

(the "Deficit Restoration Amount"); provided, further, that if and to the extent the Transferred Equivalent Heritage Points for the MR Group and/or the JH Group exceeds such Principal Group's Pecuniary Interest in the Heritage Points (after giving effect to the Deficit Restoration Amount), the LB Group's Pe

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

9.16 12 EFTA00623312 Amount"); provided further, that if and to the extent the Transferred Equivalent I I eritage Points for the MR Group and/or the JH Group exceeds such Principal Group's Pecuniary Interest in the Heritage Points (after giving effect to the Deficit Restoration Amount), the LB Group's Pe

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

(the "Deficit Restoration Amount"); provided, further, that if and to the extent the Transferred Equivalent Heritage Points for the MR Group and/or the JH Group exceeds such Principal Group's Pecuniary Interest in the Heritage Points (after giving effect to the Deficit Restoration Amount), the LB Group's Pe

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