<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:
To:</td><td>Thursday, October 29, 2015 7:59 PM
Melanie Spinella</td></tr><tr><td>Subject:</td><td>Fwd: AMH Debt Transactions</td></tr></table>

Forwarded messag= From: Richard Joslin < > Date: Thu, Oct 29, 2015 at 3:51PM Subject: RE: AMH =ebt Transactions To: "jeffrey E." <jeevacation@gmail.com <mailto:jeeya=ation@gmail.com», Brad Wechsler

As a followup, I reach=d out on Oct 5 to the Apollo tax team to get detail of the incremental lia=ilities allocated to BFP from BRH (see below response on Oct 7) I fo=lowed up with questions to Katie Gregory on Oct 8. The upshot was that all information was in house prior to =he filing of the tax return.

</=pan>

From: Richard Joslin Sent: Tuesday, October 20, 2015 4:54 PM To: 'jeffrey E.' <jeevacation@gmail.com <mailto:jeeyacation@gmail.com= target=»; Brad Wechsler Subject: FW: AMH Debt Transactions

BFP share of the $18 t=rm loan = 80% apportioned to BRH x 44% =352MM.

Other liabilities $929=M allocated to AMH. BRH share of AMH 59.18%; BFP share of BRH @ 12/3=12014 41.64%. Liability allocated to BFP $229MM.

See detail below for t=e $929MM.

</=pan>

From: Suzanne Wong

Sent: Wednesday, October 07, 2015 5:10 PM

To: Richard Joslin <

Cc: Justin Teng

Subject: RE: AMH Debt Transactions

Rich — The fol=owing is the debt at AMH. Thanks

</=pan>

Refinancing above the 1B=u>

=C2 271,727,273

Deferred Revenue<=>

=C2 199,150,515

Account Payables,Accrued=Expenses, and Others

=C2 342,578,052

Other Business Debt</=>:

=C2 115,734,458

	=C2 929,190,298

</=pan>

</=pan>

| Field | Value |
|---|---|
| Name | [redacted] |
| Organization | Apollo Global Management L.L.C. |
| Address | 730 Fifth Avenue, New York, New York 10019 |
| Office phone | [redacted] |
| Cell | [redacted] |
| Other / notes | Multiple additional contact segments redacted; HTML artifacts present (e.g. "<=b>", "<=span style=\"font-size:12.0pt;font-family:'Times New Roman',serif;color:#1f497d\">")

</=pan>

From: Richard Joslin
Sent: Wednesday, October 07, 2015 8:57 AM
To: Suzanne Wong
Cc: Justin Teng
Subject: RE: AMH Debt Transactions

Thanks <=span>

Can you give me same f=r 12/31/13 K-1 disclosure

What comprises the $92=,190,298 of other AMH liabilities?

</=pan>

From: Suzanne Wong
Sent: Wednesday, <u>October 07, 2015 8:42 AM</u>
To: Richard Joslin
Cc: Justin Teng
Subject: AMH De t Transactions

Rich – =u>

</=pan>

See attached Liability=Allocation details.

</=pan>

Let me know if you wou=d like me to walk you through it.

</=pan>

Thanks,<=span>

</=pan>

Suzanne Wong | Apollo Global Management L.L.C.<=b>
730 Fifth Avenue, New York, New York 10019 Office:  | Cell: 
</=pan style="font-size:12.0pt;font-family:"Times New Roman",seri=;color:#1f497d">

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