up units from the managing partners or contributing partners, such as our acquisition of Apollo Operating Group units from the managing partners in the Strategic Investors Transaction, may result in increases in tax deductions and tax basis that reduces the amount of tax that 7 EFTA00583563 APO Corp. would otherwise be require

result in the termination of our role as general partner of one or more of our funds and the acceleration of our debt. Although in connection with the Strategic Investors Transaction, our managing partners entered into employment, non-competition and non-solicitation agreements. which impose certain restrictions on competition an

oup units from the managing partners or contributing partners. such as our acquisition of Apollo Operating Group units from the managing partners in the Strategic Investors Transaction. may result in increases in tax deductions and tax basis that reduces the amount of tax that APO Corp. would otherwise be required to pay in the fut