Common use of ULA Clause in Contracts

ULA. Apollo Global owns Universidad Latinoamericana, S.C. (“ULA”) through the following ownership structure: Apollo Netherlands owns 99.9999997% of the outstanding equity interests of Apollo Global Mexico, S. de ▇.▇. de C.V. (“AGM”). Apollo Global owns the remaining .0000003% of the outstanding equity interests of AGM. AGM owns 99.9999% of the outstanding equity interests of Apollo Global Mexico Sub, S. de ▇.▇. de C.V. (“AGM Sub”). Apollo Netherlands owns the remaining 0.0001% of the outstanding equity interests of AGM Sub. AGM Sub owns 99.99% of the outstanding equity interests of ULA. AGM owns the remaining 0.01% of the outstanding equity interests of ULA. ULA owns 99.9920% of the outstanding equity interests of Centro Universitario Indoamericano, S.C. (“CUI”). AGM Sub owns the remaining 0.0080% of the outstanding equity interests of CUI.

ULA. Apollo Global owns Universidad Latinoamericana, S.C. (“ULA”) through the following ownership structure: Apollo Netherlands owns 99.999999765% of the outstanding equity interests of Apollo Global Mexico, S. de ▇.▇. de C.V. (“AGM”). Apollo Global ▇▇▇▇▇▇▇ ▇▇▇ Holdings, L.P. owns the remaining .000000335% of the outstanding equity interests of AGM. AGM owns 99.9999% of the outstanding equity interests of Apollo Global Mexico Sub, S. de ▇.▇. de C.V. (“AGM Sub”). Apollo Netherlands owns the remaining 0.0001% of the outstanding equity interests of AGM Sub. AGM Sub owns 99.99% of the outstanding equity interests of ULA. AGM owns the remaining 0.01% of the outstanding equity interests of ULA. ULA owns 99.9920% of the outstanding equity interests of Centro Universitario Indoamericano, S.C. (“CUI”). AGM Sub owns the remaining 0.0080% of the outstanding equity interests of CUI.