Epstein Secrets

to the Exchange Agreement as an "Apollo Principal Holder" and a party to the Shareholders Agreement as a

ered into the Principals Contribution Agreement (as defined herein) whereby the Principals and their Groups contributed certain equity interests in the Apollo Operating Group to Intermediate Holdings (as defined herein) and sold certain equity interests in the Apollo Operating Group to APO Corp. and APO LLC (each as defi

-1 / 115 AMOUNT $838,675.00 EFTA00602688 TRA Holder Mac Rowan .aze „e4gMO: ota; Oatrrof THA 11.

S 02161 11,796,908 L-emNi%/1.oLcie— •TM payment is taxable In the year ended December 32, 2014. • • Pretax paymea represents a dirithution from the Apollo Operating Group his amount is not drstnnuted to cuss A unit holders as the anoint Is used for corporate tax rebted payments. Taxable inconiewIth respect to the preta

each other individual who from time to time executes a joinder agreement in the form attached hereto as Exhibit A. "Holder Group Member" means any Holder, Affiliate of a Holder, AP Professional, BRH Holdings, L.P., a Cayman Islands exempted limited partnership, and BRH Holdings GP Ltd., a Cayman Isla

l"); WHEREAS, each of the Partnerships is treated as a partnership for U.S. Federal income tax purposes; WHEREAS, the limited partner interests in the Apollo Operating Group (as defined herein), are exchangeable, for Federal income tax purposes, with APO Corp., APO FC and the Issuer for Class A Shares (as defined herei

3313 Exchange Agreement as an "Apollo Principal Holder" and a party to the Shareholders Agreement as a

tered into the Principals Contribution Agreement (as defined herein) whereby the Principals and their Groups contributed certain equity interests in the Apollo Operating Group to Intermediate Holdings (as defined herein) and sold certain equity interests in the Apollo Operating Group to APO Corp. and APO LLC (each as defi

7-1/ 115 AMOUNT $838,675.00 EFTA00662880 TRA Holder Mac Rowan .aze „e4gMO: ota; Oatrrof THA 11.

S 02161 11,796,908 L-emNi%/1.oLcie— •TM payment is taxable In the year ended December 32, 2014. • • Pretax paymea represents a dirithution from the Apollo Operating Group his amount is not drstnnuted to cuss A unit holders as the anoint Is used for corporate tax rebted payments. Taxable inconiewIth respect to the preta

THE PARTICULAR CIRCUMSTANCES OF EACH PROSPECTIVE HOLDER AND, IN REVIEWING THIS OFFERING CIRCULAR, THESE

partnerships, accounts, including strategic investment accounts or "SIAs," alternative asset companies and other entities for which subsidiaries of the Apollo Operating Group provide investment management or advisory services; • "Apollo Operating Group" refers to (i) the limited partnerships through which our Managing P

THE PARTICULAR CIRCUMSTANCES OF EACH PROSPECTIVE HOLDER AND, IN REVIEWING THIS OFFERING CIRCULAR, THESE

n 13(d) of the Exchange Act), (iv) any former or current investment professional of or other employee of an "Apollo employer" (as defined below) or the Apollo Operating Group (or such other entity controlled by a member of the Apollo Operating Group), (v) any former or current executive officer of an Apollo employer or th

to the Exchange Agreement as an "Apollo Principal Holder" and a party to the Shareholders Agreement as a

ered into the Principals Contribution Agreement (as defined herein) whereby the Principals and their Groups contributed certain equity interests in the Apollo Operating Group to Intermediate Holdings (as defined herein) and sold certain equity interests in the Apollo Operating Group to APO Corp. and APO LLC (each as defi