EFTA00832582.txt

"From: jeffrey E. To: Melanie Spinella Subject: Fwd: TRA Valuation Process Date: Fri, 04 Mar 2016 13:25:43 +0000"

"From: Marc Rowan Date: Fri, Mar 4, 2016 at 4:06 AM Subject: Re: TRA Valuation Process To: jeffrey E. I am getting the calculation detail"

"From: Chris Weidler Date: March 4, 2016 at 12:35:36 AM GMT+2 To: Marc Rowan Subject: RE: TRA Valuation Process"

"If you have received this email in error please contact the sender and delete the material from any computer. Apollo Global Management, LLC"

"On Mar 4, 2016, at 1:04 PM, Jeffrey E. <[email protected]> wrote: i see am image was included , it did not download"

"What rate do we discount future cash flows/TRA pmts at for purposes of establishing the balance sheet asset?"

"From: Marc Rowan To: jeffrey E. I am getting the calculation detail"