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2 similar Master Sub-Advisory Agreement contracts by Athene Holding LTD

MASTER SUB-ADVISORY AGREEMENT ADDENDUM ONE
Master Sub-Advisory Agreement • October 25th, 2016 • Athene Holding LTD • Life insurance

This Master Sub-Advisory Agreement Addendum One is made this 24th day of November, 2015 (this “Addendum”), by and among Athene Asset Management, L.P., a Cayman Islands exempted limited partnership (the “Investment Manager”), and Apollo Emerging Markets, LLC, a Delaware limited liability company (“AEM”), pursuant to that certain Amended and Restated Master Sub-Advisory Agreement, effective as of April 1, 2014 (as further amended, supplemented or modified from time to time, the “Master Sub-Advisory Agreement”) by and among the Investment Manager and AEM, Apollo Capital Management, L.P., a Delaware limited partnership (“ACM”), Apollo Global Real Estate Management, L.P., a Delaware limited partnership (“AGREM”), Apollo Longevity, LLC, a Delaware limited liability company (“ALL”), and ARM Manager LLC, a Delaware limited liability company (“ARM” and, together with AEM, ACM, AGREM, ARM and ALL, the “Sub-Advisors”). Capitalized terms used but not defined herein shall have the meanings ascribed

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MASTER SUB-ADVISORY AGREEMENT ADDENDUM ONE
Master Sub-Advisory Agreement • October 25th, 2016 • Athene Holding LTD • Life insurance

This Master Sub-Advisory Agreement Addendum One is made this 24th day of November, 2015 (this “Addendum”), by and among Athene Asset Management, L.P., a Cayman Islands exempted limited partnership (the “Investment Manager”), and Apollo Emerging Markets, LLC, a Delaware limited liability company (“AEM”), pursuant to that certain Amended and Restated Master Sub-Advisory Agreement, effective as of April 1, 2014 (as further amended, supplemented or modified from time to time, the “Master Sub-Advisory Agreement”) by and among the Investment Manager and AEM, Apollo Capital Management, L.P., a Delaware limited partnership (“ACM”), Apollo Global Real Estate Management, L.P., a Delaware limited partnership (“AGREM”), Apollo Longevity, LLC, a Delaware limited liability company (“ALL”), Apollo Royalties Management, LLC, a Delaware limited liability company (“AR”) and ARM Manager LLC, a Delaware limited liability company (“ARM” and, together with AEM, ACM, AGREM, AR, ARM and ALL, the “Sub-Advisors

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