k Family Partners - Financial Inventory as of June 30, 2016 Assets Cash U.S. Trust Cash Account JP Morgan Cash Account BRH Holdings, LP (48.2%) AOG Units (92,727,166 Units @$15.15) Tax Receivable Agreement Financial Investments Marketable Securities AP Alternative Assets LP (AAA-AS) - $31.56 Apoll

set forth in the Agreement Among Principals. Pursuant to the Agreement Among Principals, each Managing Partner is vested in full in their respective AOG Units. We may not terminate a Managing Partner except for cause or by reason of disability. The Managing Partners' respective Pecuniary Interests in cert

uaranteeing the debt, essentially deferral of tax on what we referred to as the "Tufts gain" -- the gain that a Founder recognizes on an exchange of AOG Units for AGM Class A Shares as a result of his current negative capital account in AMH, offset by the impact of the deferral of such gain on the timing a

ares - Basic and Restricted Shares 162,107,977 165,968,620 170,538,381 176,271,703 180,474,991 155,349,017 173,362,651 Non-GAAP Adjustments: AOG Units 222,698,738 222,545,477 221,387,378 218,272,537 216.181.813 225,005,386 219,575,738 RSUs 16,284,481 14,672,264 11,697,803 8,358,613 5,33

JUNE 19, 2013 Overall Effect The overall effect of this plan should be the elimination of any Tufts gain [(including upon an interim exchange of AOG Units for AGM Class A Shares, except for any non-recourse debt remaining as a result of the intragroup-held AMH debt not repaid under this plan and alloca

of the limited partnerships that comprise the Apollo Operating Group and any securities issued or issuable in exchange for or with respect to such AOG Units (i) by way of a dividend, split or combination of shares or (ii) in connection with a reclassification, recapitalization, merger, consolidation or

t to his will. Overall Effect The overall effect of this plan should be the elimination of any Tufts gain [(including upon an interim exchange of AOG Units for AGM Class A Shares, except for any non-recourse debt remaining as a result of the intragroup-held AMH debt not repaid under this plan and alloca

e existing TRA. Overall Effect The overall effect of this plan should be the elimination of any Tufts gain [(including upon an interim exchange of AOG Units for AGM Class A Shares, except for any non-recourse debt remaining as a result of the intergrettp-lieldintragroup-held AMH debt not repaid under thi

ontinuing Principals." Exchanges to Pay Taxes After his death or Disability, in the event an Apollo professional other than a Principal forfeits AOG Units or other economic interests, and they are distributed to Principals and ' The document summaries contained herein are intended to address the most s

rest '!'s In Operal ing Group AlMeatal to Non- Controlling Internt la Apan Operatio/ Groapor Allocaled lo Avon° Global Management. I.LC AOG Units S 480.931 313.856 $ 167,075 RSVs and Share Options 115.013 115,013 Other equity-balied oompensation awards 2.710 64.9 1,769 941 Total E

ns include omission of the following: (i) non-cash charges related to RSUs granted in connection with the 2007 private placement and amortization of AOG Units. although these costs are expected to be recurring components of our costs we may be able to incur lower cash compensation costs with the granting o

gh to Non-Controlling Interests (24.67) (24.54) 38.15 Income passed through to Class A holders (1.28) (15.93) 46.04 Equity-based compensation—AOG Units (9.12) 16.49 (146.43) Foreign income taxes (0.17) 0.54 (6.98) State and local income taxes (0.56) 2.32 (30.74) Amortization and other acc