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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01804071: Apollo Global and Asset (DS10)

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This document contains confidential communications marked as potentially attorney-client privileged involving Apollo Global Management, LLC, discussing balance sheet asset valuation, cash flow discounting, and asset realization over time. The communication addresses accounting methodology for establishing balance sheet assets and discount rates for future cash flows and TRA payments. The excerpt is incomplete and does not identify specific parties or dates.

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**Apollo** **Global** Management, LLC please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute
Excerpt 2
**Apollo** **Global** Management, LLC
Excerpt 3
That amount is also undiscounted when creating the b=lance sheet **asset**.

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