Term Sheet Halcyon Management Group LLC Operating AgreementOperating Agreement • March 17th, 2008 • Alternative Asset Management Acquisition Corp. • Blank checks
-------------------------------------------------------------------------------- Parties o Halcyon Management Group LLC ("Halcyon" or the "Company"), Alternative Asset Management Acquisition Corp., ("AAMAC"), Partner Vehicle, Employee Vehicle -------------------------------------------------------------------------------- Form of Company o Delaware limited liability company -------------------------------------------------------------------------------- Economics -------------------------------------------------------------------------------- Classes of Interests o Halcyon shall have three classes of interests: Class A Interests, Class B Interests and Class C Profits Interests. Initially, Partner Vehicle shall hold Class A Interests and Class B Interests, and Employee Vehicle shall hold Class C Profits Interests. Class A Interests and Class B Interests shall be unitized so that each Class A Interest and Class B Interest has equivalent economic value, other than as specified herein. At
Term Sheet Exchange and Support AgreementExchange and Support Agreement • March 17th, 2008 • Alternative Asset Management Acquisition Corp. • Blank checks
-------------------------------------------------------------------------------- Parties o Alternative Asset Management Acquisition Corp. ("AAMAC"), Halcyon Management Group LLC ("Halcyon"), Partner Vehicle -------------------------------------------------------------------------------- Exchanges -------------------------------------------------------------------------------- Exchange Notice o Partner Vehicle(1) may at any time deliver to Halcyon a notice (an "Exchange Notice") specifying the number of Class B Interests of Halcyon that it wishes to exchange (the "Exchange Amount").
EXHIBIT 10.2 FOUNDERS' VOTING AND SUPPORT AGREEMENT --------------------------------------Founders' Voting and Support Agreement • March 17th, 2008 • Alternative Asset Management Acquisition Corp. • Blank checks • New York
