From: Richard Joslin <I

From: Richard Joslin <I To: Jeffrey E. <[email protected]> CC: Brad Wechsler <I Subject: FW: TRA Date: Thu, 28 Jan 2016 18:25:49 +0000 APO Corp pays TRA payment directly to BFP, MJR Foundation, MJH Partners (per Apollo Finance). I have call into Katie for clarification. Here is link to FIRST AMENDMENT AND JOINDER, dated as of April 14, 2010 (this "Amendment"), to the TAX RECEIVABLE AGREEMENT, dated as of July 13, 2007, http://www.sec.gov/Archives/edgar/data/1411494/000119312510225955/dex1036.htm This document shows the amending parties to include the Founders' entities. The AMENDED AND RESTATED TAX RECEIVABLE AGREEMENT, dated as of May 6, 2013 http://www.sec.gov/Archives/edgar/data/1411494/000119312513204748/d532543dex102.htm This document indicates, as you noted, the Holders as individuals From: Richard Joslin Sent: Thursday, January 28, 2016 12:00 PM To: 'Jeffrey E.' <[email protected]>; Brad Wechsler 'Melanie Spinella' Subject: TRA 1. TRA paid to BFP from inception (per Apollo Finance) 2. Marc and Josh's entities received TRA (not paid individually) (per Apollo Finance) I will check in with Katie and discuss and revert EFTA00698158