es are in arrears, we may, at any time and from time to time, purchase any preferred shares in the open market, by tender or by private agreement. Liquidation Preference. If we voluntarily or involuntarily liquidate, dissolve or wind-up our affairs, then. before we make any distribution or payment to the holders of a

gement. LLC and not to any of our subsidiaries. Issuer Apollo Global Management, LLC. Series A Preferred Shares % Series A Preferred Shares. Liquidation Preference $25.00 per Series A Preferred Share. Option to Purchase Additional We have granted the undenvriters an option to purchase, exercisable Shares