# LIQUIDITY TERMS • HEDGE FUNDS

# LIQUIDITY TERMS • HEDGE FUNDS (cont.)

## Liquidity Terms

<table><tr><th>Investor</th><th>Investment</th><th>Frequency</th><th>Notice</th><th>Limit</th><th>Subject to
Lock-Up </th><th>9/30/2014 Cap
Account </th></tr><tr><td>NON-APOLLO </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>8FP LP</td><td>Anchorage Capital Partners. L.P.</td><td>Annually (Anniversary: 6/30)</td><td>90 days</td><td>None</td><td>No</td><td>17.982,797</td></tr><tr><td>APO2</td><td>Buckingham RAF Partners, L.P.</td><td>Annually (Calendar)</td><td>30 days</td><td>None</td><td>No</td><td>11,863.546</td></tr><tr><td>8FP LP</td><td>Canyon Value Realization Fund. L.P.</td><td>Annually (Calendar)</td><td>90 days</td><td>None</td><td>No</td><td>19.078.765</td></tr><tr><td>BFP LP</td><td>Lone Cascade. L.P.</td><td>Quarterly (Calendar)</td><td>30 days</td><td>None</td><td>No</td><td>34,773.697</td></tr><tr><td>8FP LP</td><td>Millennium Group USA LP</td><td>Quarterly (Calendar)</td><td>90 days</td><td>Greater of 17.5% or $150M</td><td>No</td><td>25.304,226</td></tr><tr><td>APOLLO </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>8FP LP</td><td>Apollo SOMA Co-Investors. LLC</td><td>Annually (Anniversary: 3/1/07)</td><td>90 days</td><td>payable over 4 qtrs</td><td></td><td>3.148.095</td></tr><tr><td>BFP LP</td><td>Apollo VIF Co-Investors. LLC</td><td>Quarterly (Calendar)</td><td>65 days</td><td></td><td></td><td>8.134,348</td></tr></table>