stment which product shall then be multiplied by the Incentive Allocation Rate; provided, however, for this purpose only 80% of Investment P&L from Coinvestment Vehicles shall be taken into account. x. "Desk Bonus Pool" shall mean, with respect to a Desk for a fiscal year, 30% of the Desk Allocation Amounts for suc

kkk. "New Funds" shall mean those Funds listed as such on Schedule B and any funds (including certain Coinvestment Vehicles) or accounts established by the Firm after the date hereof. Ill. "Non-Managing Member" shall mean each Executive or the Family LLC designated by

th respect to any fiscal year, an amount equal to the sum of 72.5% of the Fund Incentive P&L (but including only 80% of the Fund Incentive P&L from Coinvestment Vehicles) and 100% of the Fund Incentive Performance for such fiscal year (commencing with fiscal year 2010), less Excess Overhead Expense and Company expen

P&L and the portion of the Excess Management Fees relating to 20% of the Company's 72.5% share of the incentive allocations or incentive fees from Coinvestment Vehicles actually received that were DOC ED • 25061448.12 43 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0047086 CONFIDENTIAL SDNY_GM_00193

ed generally by including all management fees received in a year (including incentive fees and incentive allocations actually received in cash from Coinvestment Vehicles to the extent set forth in Section 211h) and all management fees accrued with respect to that year and items of expense shall be determined using th