R Group" means MR and his Group. "Non-Pro Rata Exchange" means an Exchange the proceeds of which (including in the case of an In-Kind Distribution, the AOG Units) will be distributed to (or otherwise benefit) the Principal Groups within Holdings in any manner other than a Pro Rata Exchange. "Partial Vested

ks of the Partnership. "Non-Pro Rata Exchange" means an Exchange the proceeds of which (including, in the case of an In-Kind Exchange Distribution, the AOG Units) will be distributed to (or otherwise benefit) the Limited Partners in any manner other than a Pro Rata Exchange. "Original Agreement' has the mean

NYI:1686459.16 7 EFTA00623307 "Non-Pro Rata Exchange" means an Exchange the proceeds of which (including in the case of an In-Kind Distribution, the AOG Units) will be distributed to (or otherwise benefit) the Principal Groups within Holdings in any manner other than a Pro Rata Exchange. "Partial Vested C

AAP Diluted Shares Outstanding" is calculated using the GAAP outstanding Class A shares plus non-GAAP adjustments assuming (i) the exchange of all of the AOG Units for Class A shares and (ii) the settlement of the vested RSUs in the form of Class A shares during the period. Management uses this measure, taking

MR Groue means MR and his Group. "Non-Pro Rata Exchange" means an Exchange the proceeds of which (including in the case of an In-Kind Distribution, the AOG Units) will be distributed to (or otherwise benefit) the Principal Groups within Holdings in any manner other than a Pro Rata Exchange. "Partial Vested

ave received, to APO LLC and APO FC, if relevant, for cash or other consideration, as determined by APO Corp. in amounts equal to the fair value of the AOG Units to be transferred, such that, after such transfers, APO Corp., APO FC and APO LLC each hold AOG Units only in the Apollo Principal Partnerships for

arate asset, likely a capital asset to the extent the additional payments are capital. Concern is that assignment of income doctrine might apply if the AOG Units also are not transferred. Also have to look at contractual restrictions — payments under TRA are paid to exchanging party. Will get back to you. F

parate asset, likely a capital asset to the extent the addition=l payments are capital. Concern is that assignment of income d=ctrine might apply if the AOG Units also are not transferred. =lso have to look at contractual restrictions — payments under TRA are paid to exchanging party. Will get back to you.</=

xpense to the actual amount of expense based on the units vested at the balance sheet date in accordance with U.S. GAAP. Additionally. the value of the AOG Units have been reduced to reflect the transfer restrictions imposed on units issued to the Managing Partners and Contributing Partners as well as the lac