EFTA02483315.pdf

"From: jeffrey E. <[email protected]> Sent: Thursday, October 29, 2015 7:59 PM To: Melanie Spinella Subject: Fwd: AMH Debt Transactions"

"From: Richard Joslin Date: Thu, Oct 29, 2015 at 3:51 PM Subject: RE: AMH Debt Transactions To: jeffrey E."

"Suzanne Wong I Apollo Global Management L.L.C. 730 Fifth Avenue, New York, New York 10019"

"From: Suzanne Wong Sent: Wednesday, October 07, 2015 5:10 PM To: Richard Joslin Cc: Justin Teng Subject: RE: AMH Debt Transactions"

"Apollo Global Management L.L.C. 730 Fifth Avenue, New York, New York 10019"

"BFP share of BRH @ 12/31/2014 41.64%"

"BRH share of AMH 59.18%"

"I reached out on Oct 5 to the Apollo tax team ... followed up with questions to Katie Gregory on Oct 8"

"I followed up with questions to Katie Gregory on Oct 8. The upshot was that all information was in house prior to the filing of the tax return."

"BFP share of the $18 term loan = 80% apportioned to BRH x 44% = 352MM. Liability allocated to BFP $229MM."