[Address] Attention: Fax: Electronic Mail: Reference is hereby made to the Amended and Restated Exchange Agreement, dated as of April [.], 2013 (the "Exchange Agreement"), among Apollo Global Management LLC, Apollo Principal Holdings I L.P., Apollo Principal Holdings II L.P., Apollo Principal Holdings III L.P., Apo

O Corp. as a result of the modification of the exchange mechanics. The exchange agreement was further amended and restated (as amended and restated, the "Exchange Agreement") on March 5, 2014, May 7, 2015 and May 5, 2016, to add new Apollo Operating Group entities to the exchange mechanics set forth in the Exchange Agr