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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01127897: Apollo Global and Sotheby's (DS9)

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This document contains financial terms related to Apollo Global Management, LLC (APO) Class A shares and collateral conversion provisions in an Event of Default. It references Sotheby's as the source of fair market value appraisals used by a lender to determine collateral value, indicating a secured lending arrangement involving Apollo Global assets.

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tax benefit payments or otherwise, related to such units ("AOG Collateral"), including all documentation deemed necessary to ensure 1:1 conversion to **Apollo**
Excerpt 2
**Global** Management, LLC ("APO") Class A shares and the sale of such in an Event of Default.
Excerpt 3
of the fair market value as determined by the Lender in its sole discretion and based in part, but not wholly, on two Lender-ordered appraisals from **Sotheby's**

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