The document is a Tax Receivable Agreement Letter circulated to the holders on April 19, 2010. It outlines the tax implications and agreements related to a transaction involving Apollo Global Management, LLC and its subsidiaries. The transaction, which took place on July 13, 2007, involved a $1.2 billion contribution to APO Corp. and APO Asset Co. The letter details the resulting tax basis adjustments, tax savings, and payments made under the Tax Receivable Agreement. It also discusses the potential challenges from tax authorities and the implications of the tax basis adjustments.
documents/EFTA00621089.pdf
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