Document:

This AMENDED AND RESTATED TAX RECEIVABLE AGREEMENT (as amended from time
		to time, this “Agreement”), dated as of February 1, 2007, is
		hereby entered into by and among FIG Corp, a Delaware corporation (the
		“Corporation”), FIG Asset Co. LLC, a Delaware limited
		liability company (the “FIGA”), the entities set forth on the
		signature pages hereto (together with all other Persons (as defined herein) in
		which the Corporation acquires a general partnership interest, managing member
		interest or similar interest after the date hereof and who execute and deliver
		a joinder contemplated in Section 7.14, the "Partnerships") and each of
		the undersigned parties hereto identified as “Partners.”
	 

	 
		RECITALS
	 

	 
		WHEREAS, the Partners hold limited partnership units
		(“Partnership Units”) in each of the Partnerships, each of
		which is treated as a partnership for U.S. Federal income tax purposes;
	 

	 
		WHEREAS, the Corporation is the general partner of each of the
		Partnerships;
	 

	 
		WHEREAS, as a result of the Partners agreeing to hold Partnership Units
		rather than transferring all of their Partnership Units in exchange for Class A
		Shares (as defined below), the Corporation (as well as corporations owned in
		whole or in part, now or in the future, by the FIGA) will incur significantly
		lower tax liabilities on an ongoing basis with respect to the operations of the
		Partnerships;
	 

	 
		WHEREAS, pursuant to Section 704(c) the Internal Revenue Code of 1986, as
		amended (the “Code”), the Corporation also will incur
		significantly lower tax liabilities on an ongoing basis since certain amounts
		of taxable income or gain on built-in gain assets will be allocated, solely for
		tax purposes, to the Partners rather than the Corporation, with respect to the
		Corporation’s indirect interest in the assets of the Partnerships and any
		proceeds therefrom;
	 

	 
		WHEREAS, the Partnership Units are exchangeable with the Corporation for
		Class A shares (the “Class A Shares”) in Fortress Investment
		Group LLC, a Delaware limited liability company (the
		“Parent”);
	 

	 
		WHEREAS, the Partnerships, and each of their direct and indirect
		subsidiaries, will have in effect an election under Section 754 of the Internal
		Revenue Code of 1986, as amended (the “Code”), for each
		Taxable Year in which an exchange of Partnership Units for Class A Shares
		occurs, which election is intended to result in an adjustment to the tax basis
		of the assets owned by the Partnerships (solely with respect to the
		Corporation) at the time of an
	 

	 
		
 

	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		exchange of Partnership Units for Class A Shares or any other acquisition
		of Partnership Units for cash or otherwise (collectively, an
		“Exchange”) (such time, the “Exchange Date”)
		(such assets and any asset whose tax basis is determined, in whole or in part,
		by reference to the adjusted basis of any such asset, the “Original
		Assets”) by reason of such Exchange and the receipt of payments under
		this Agreement;
	 

	 
		WHEREAS, the income, gain, loss, expense and other Tax items of (i) the
		Partnerships solely with respect to the Corporation may be affected by the
		Basis Adjustment (defined below) and (ii) the Corporation may be affected by
		the Imputed Interest (as defined below);
	 

	 
		WHEREAS, the parties to this Agreement desire to make certain
		arrangements with respect to the effect of the Basis Adjustment and Imputed
		Interest on the actual liability for Taxes of the Corporation;
	 

	 
		WHEREAS, the parties to this Agreement originally entered into a Tax
		Receivable Agreement on January 17, 2007; and
	 

	 
		WHEREAS, the Partners desire to amend and restate the Tax Receivable
		Agreement on the terms set forth herein and the Board of Directors of the
		Corporation and FIGA have authorized and approved an amendment and restatement
		of the Tax Receivable Agreement on the terms set forth herein.
	 

	 
		NOW, THEREFORE, in consideration of the foregoing and the respective
		covenants and agreements set forth herein, and intending to be legally bound
		hereby, the parties hereto agree as follows:
	 

	 
		ARTICLE I
 
 DEFINITIONS
	 

	 
		Definitions. As used in this Agreement, the terms set forth in
		this Article I shall have the following meanings (such meanings to be equally
		applicable to both the singular and plural forms of the terms defined).
	 

	 
		“Advisory Firm” means Skadden, Arps, Slate, Meagher
		& Flom LLP, Ernst & Young LLP, any other “big four”
		accounting firm or any other law firm that is nationally recognized as being
		expert in Tax matters and that is agreed to by the Board of Directors of the
		Parent (as defined in the Partnership Agreement of the Parent).
	 

	 
		
 

	 

	 
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		“Advisory Firm Letter” shall mean a letter from the
		Advisory Firm stating that the relevant schedule, notice or other information
		to be provided by the Corporation to the applicable Partner and all supporting
		schedules and work papers were prepared in a manner consistent with the terms
		of this Agreement and, to the extent not expressly provided in this Agreement,
		on a reasonable basis in light of the facts and law in existence on the date
		such schedule, notice or other information is delivered to the applicable
		Partner.
	 

	 
		"Affiliate" means, with respect to any Person, any other Person
		that directly or indirectly, through one or more intermediaries, Controls, is
		Controlled by, or is under common Control with, such first Person.
		 "Control" means the possession, direct or indirect, of the power
		to direct or cause the direction of the management and policies of  a
		Person, whether through ownership of voting securities, by contract or
		otherwise.
	 

	 
		“Agreed Rate” means LIBOR plus 100 basis points.
	 

	 
		“Agreement” is defined in the preamble of this
		Agreement.
	 

	 
		“Amended Schedule” is defined in Section 2.04(b) of this
		Agreement.
	 

	 
		“Basis Adjustment” means the adjustment to the tax basis
		of an Original Asset under Section 732 of the Code (in situations where, as a
		result of one or more Exchanges, a Partnership becomes an entity that is
		disregarded as separate from its owner for tax purposes) or Sections 743(b) and
		754 of the Code (in situations where, following an Exchange, a Partnership
		remains in existence as an entity for tax purposes) and, in each case,
		comparable sections of state, local and foreign tax laws (as calculated under
		Section 2.01 of this Agreement) as a result of an Exchange and the payments
		made pursuant to this Agreement. Notwithstanding any other provision of this
		Agreement, the amount of any Basis Adjustment resulting from an Exchange of one
		or more Partnership Units shall be determined without regard to any
		Pre-Exchange Transfer of such Partnership Units and as if any such Pre-Exchange
		Transfer had not occurred.
	 

	 
		A "Beneficial Owner" of a security is a Person who directly or
		indirectly, through any contract, arrangement, understanding, relationship or
		otherwise has or shares: (i) voting power, which includes the power to vote, or
		to direct the voting of, such security and/or (ii) investment power, which
		includes the power to dispose, or to direct the disposition of, such security.
		 The terms "Beneficially Own" and "Beneficial Ownership"
		shall have correlative meanings.
	 

	 
		“Board” means the board of directors of the Parent.
		 
	 

	 
		“Business Day” means Monday through Friday of each week,
		except that a legal holiday recognized as such by the government of the United
		States of America or the State of New York shall not be regarded as a Business
		Day.
	 

	 
		
 

	 

	 
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		“Change of Control” means the occurrence of any of the
		following events:
	 

	 
		(i)
	 

	 
		any Person or any group of Persons acting together which would constitute
		a "group" for purposes of Section 13(d) of the Securities and
		Exchange Act  of 1934, or any successor provisions
		thereto, excluding a group of Persons, which, if it includes any
		Original Partner or any of his Affiliates, includes all Original Partners then
		employed by Parent or any of its Affiliates, is or becomes the Beneficial
		Owner, directly or indirectly, of securities of the Parent representing more
		than fifty percent (50%) of the combined voting power of the Parent's then
		outstanding voting securities; or
	 

	 
		(ii)
	 

	 
		the following individuals cease for any reason to constitute a majority
		of the number of directors of the Parent then serving: individuals who, on the
		date of the consummation of the initial public offering of Class A Shares,
		constitute the Board and any new director (other than a director whose initial
		assumption of office is in connection with an actual or threatened election
		contest, including but not limited to a consent solicitation, relating to the
		election of directors of the Parent) whose appointment or election by the Board
		or nomination for election by the Parent's shareholders was approved or
		recommended by a vote of at least two-thirds (2/3) of the directors then still
		in office who either were directors on the date of the consummation of the
		initial public offering of Class A Shares or whose appointment, election or
		nomination for election was previously so approved or recommended by the
		directors referred to in this clause (ii); or
	 

	 
		(iii)
	 

	 
		there is consummated a merger or consolidation of the Parent or any
		direct or indirect subsidiary of the Parent with any other corporation or other
		entity, and, immediately after the consummation of such merger or
		consolidation, either (x) the Board immediately prior to the merger or
		consolidation does not constitute at least a majority of the board of directors
		of the company surviving the merger or, if the surviving company is a
		subsidiary, the ultimate parent thereof, or (y) all of the Persons who were the
		respective Beneficial Owners of the voting securities of the Parent immediately
		prior to such merger or consolidation do not Beneficially Own, directly or
		indirectly, more than 50% of the combined voting power of the then outstanding
		voting securities of the Person resulting from such merger or consolidation; or

	 

	 
		(iv)
	 

	 
		the shareholders of the Parent approve a plan of complete liquidation or
		dissolution of the Parent or there is consummated an agreement or series of
		related agreements for the sale or other disposition, directly, or indirectly,
		by the Parent of all or substantially all of the Parent's assets, other than
		such sale or other disposition by the Parent of all or substantially all of the
		Parent's assets to an entity, at least fifty percent (50%) of the combined
		voting power of the voting securities of which are
	 

	 
		
 

	 

	 
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		owned by shareholders of the Parent in substantially the same proportions
		as their ownership of the Parent immediately prior to such sale.
	 

	 
		Notwithstanding the foregoing, except with respect to clause (ii) and
		clause (iii)(x) above, a "Change in Control" shall not be deemed to have
		occurred by virtue of the consummation of any transaction or series of
		integrated transactions immediately following which the record holders of the
		shares of the Parent immediately prior to such transaction or series of
		transactions continue to have substantially the same proportionate
		ownership in an entity which owns all or substantially all of the assets of the
		Parent immediately following such transaction or series of transactions.
	 

	 
		“Class A Shares” is defined in the Recitals of this
		Agreement.
	 

	 
		“Class B Shares” means the Class B shares in the Parent.
		 
	 

	 
		“Code” is defined in the Recitals of this Agreement.
	 

	 
		“Corporation” is defined in the Preamble of this
		Agreement.
	 

	 
		“Corporation Return” means the federal Tax Return and/or
		state and/or local and/or foreign Tax Return, as applicable, of the Corporation
		filed with respect to Taxes of any Taxable Year.
	 

	 
		"Default Rate" means LIBOR plus 500 basis points.
	 

	 
		“Determination” shall have the meaning ascribed to such
		term in Section 1313(a) of the Code or similar provision of state, local and
		foreign tax law, as applicable, or any other event (including the execution of
		a Form 870-AD) that finally and conclusively establishes the amount of any
		liability for Tax.
	 

	 
		"Dispute" has the meaning set forth in Section 7.08(a).
	 

	 
		“Early Termination Date” means the date of an Early
		Termination Notice for purposes of determining the Early Termination Payment.
	 

	 
		“Early Termination Notice” is defined in Section 4.02 of
		this Agreement.
	 

	 
		“Early Termination Schedule” is defined in Section 4.02
		of this Agreement.
	 

	 
		
 

	 

	 
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		“Early Termination Payment” is defined in Section
		4.03(b) of this Agreement.
	 

	 
		“Early Termination Rate” means the lesser of (i) 6.5%
		and (ii) LIBOR plus 100 basis points.
	 

	 
		“Exchange” is defined in the Recitals of this Agreement.

	 

	 
		“Exchange Basis Schedule” is defined in Section 2.02 of
		this Agreement.
	 

	 
		“Exchange Date” is defined in the Recitals of this
		Agreement.
	 

	 
		"Exchange Payment" is defined in Section 5.01.
	 

	 
		"Excluded Assets" is defined in Section 7.11(c) of this Agreement.

	 

	 
		“Expert” is defined in Section 7.09 of this Agreement.
	 

	 
		“FIGA” is defined in the Recitals of this Agreement.
	 

	 
		“Imputed Interest” shall mean any interest imputed under
		Section 1272, 1274 or 483 or other provision of the Code and any similar
		provision of state, local and foreign tax law with respect to a
		Corporation’s payment obligations under this Agreement.
	 

	 
		“IRS” means the United States Internal Revenue Service.
	 

	 
		“LIBOR” means for each month (or portion thereof) during
		any period, an interest rate per annum equal to the rate per annum reported, on
		the date two days prior to the first day of such month, on the Telerate Page
		3750 (or if such screen shall cease to be publicly available, as reported on
		Reuters Screen page “LIBO” or by any other publicly available source
		of such market rate) for London interbank offered rates for U.S. dollar
		deposits for such month (or portion thereof).
	 

	 
		“Market Value” shall mean the closing price of the Class
		A Shares on the applicable Exchange Date on the national securities exchange or
		interdealer quotation system on which such Class A Shares are then traded or
		listed, as reported by the Wall Street Journal; provided that if the
		closing price is not reported by the Wall Street Journal for the
		applicable Exchange Date, then the Market Value shall mean the closing price of
		the Class A Shares on the
	 

	 
		
 

	 

	 
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		Business Day immediately preceding such Exchange Date on the national
		securities exchange or interdealer quotation system on which such Class A
		Shares are then traded or listed, as reported by the Wall Street
		Journal; provided further, that if the Class A Shares are not then listed
		on a National Securities Exchange or Interdealer Quotation System, "Market
		Value" shall mean the cash consideration paid for Class A Shares, or the fair
		market value of the other property delivered for Class A Shares, as determined
		by the Board of Directors of the Corporation in good faith.
	 

	 
		"Material Objection Notice" has the meaning set forth in Section
		4.02.
	 

	 
		“Non-Stepped Up Tax Basis” means, with respect to any
		asset at any time, the tax basis that such asset would have had at such time if
		no Basis Adjustment had been made.
	 

	 
		“Non-Stepped Up Tax Liability” means, with respect to
		any Taxable Year, the liability for Taxes of the Corporation or any Partnership
		in which the Corporation owns an interest, but only with respect to Taxes
		imposed on such Partnership and allocable to the Corporation using the same
		methods, elections, conventions and similar practices used on the relevant
		Corporation Return, but using the Non-Stepped Up Tax Basis  instead of the
		tax basis of the Original Assets and excluding any deduction attributable to
		the Imputed Interest.
	 

	 
		"Objection Notice" has the meaning set forth in Section 2.04(a).
	 

	 
		“Original Assets” is defined in the Recitals of this
		Agreement.
	 

	 
		“Original Partners” means each of Peter L. Briger, Jr.,
		Wesley R. Edens, Robert I. Kauffman, Randal A. Nardone and Michael E.
		Novogratz.  
	 

	 
		“Partner” means the parties hereto other than the
		Corporation and FIGA and each other individual who from time to time executes a
		Joinder Agreement in the form attached hereto as Exhibit A.
	 

	 
		“Partnerships” is defined in the Recitals of this
		Agreement.
	 

	 
		“Partnership Agreement” means, with respect to a
		Partnership, the Amended and Restated Limited Partnership Agreement of such
		Partnership.
	 

	 
		“Partnership Units” is defined in the Recitals of this
		Agreement.
	 

	 
		“Payment Date” means any date on which a payment is
		required to be made pursuant to this Agreement.
	 

	 
		
 

	 

	 
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		“Person” means any individual, corporation, firm,
		partnership, joint venture, limited liability company, estate, trust, business
		association, organization, governmental entity or other entity.
	 

	 
		"Pre-Exchange Transfer" means any transfer (including upon the
		death of a Partner) of one or more Partnership Units (i) that occurs prior to
		an Exchange of such Partnership Units, and (ii) to which Section 743(b) of the
		Code applies.
	 

	 
		"Principal Holdings Partnership Units" means limited partnership
		units in entities Controlled by FIGA.
	 

	 
		"Principals Agreements" means the Agreement Among Principals
		intended to be entered to by and among the Original Partners in connection with
		the initial public offering of Class A Shares.  
	 

	 
		“Realized Tax Benefit” means, for a Taxable Year, the
		excess, if any, of the Non-Stepped Up Tax Liability over the actual liability
		for Taxes of a Corporation or any Partnership in which the Corporation owns an
		interest, but only with respect to Taxes imposed on such Partnership and
		allocable to the Corporation for such Taxable Year using the “with or
		without” methodology. If all or a portion of the actual tax liability for
		Taxes for the Taxable Year arises as a result of an audit by a Taxing Authority
		of any Taxable Year, such liability shall not be included in determining the
		Realized Tax Benefit unless and until there has been a Determination.
	 

	 
		“Realized Tax Detriment” means, for a Taxable Year, the
		excess, if any, of the actual liability for Taxes of the Corporation or any
		Partnership in which the Corporation owns an interest, but only with respect to
		Taxes imposed on such Partnership and allocable to the Corporation over the
		Non-Stepped Up Tax Liability for such Taxable Year using the “with or
		without” methodology. If all or a portion of the actual tax liability for
		Taxes for the Taxable Year arises as a result of an audit by a Taxing Authority
		of any Taxable Year, such liability shall not be included in determining the
		Realized Tax Detriment unless and until there has been a Determination.
	 

	 
		“Receivable” of a Partner means such Partner’s
		rights, interests, and entitlements hereunder as of the date of this Agreement.

	 

	 
		"Reconciliation Dispute" has the meaning set forth in Section
		7.09.
	 

	 
		“Reconciliation Procedures” shall mean those procedures
		set forth in Section 7.09 of this Agreement.
	 

	 
		
 

	 

	 
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		“Schedule” means any Exchange Basis Schedule, Tax
		Benefit Schedule and the Early Termination Schedule.
	 

	 
		"Subsequent Exchange" is defined in Section 4.01(a) of this
		Agreement.
	 

	 
		"Subsidiaries" means, with respect to any Person, as of any date
		of determination, any other Person as to which such Person, owns, directly or
		indirectly, or otherwise controls more than 50% of the voting shares or other
		similar interests or the sole general partner interest or managing member or
		similar interest of such Person.
	 

	 
		“Tax Benefit Payment” is defined in Section 3.01(b) of
		this Agreement.
	 

	 
		“Tax Benefit Schedule” is defined in Section 2.03 of
		this Agreement.
	 

	 
		“Tax Return” means any return, declaration, report or
		similar statement required to be filed with respect to Taxes (including any
		attached schedules), including, without limitation, any information return,
		claim for refund, amended return and declaration of estimated Tax.
	 

	 
		“Taxable Year” means a taxable year as defined in
		Section 441(b) of the Code or comparable section of state, local or foreign tax
		law, as applicable, (and, therefore, for the avoidance of doubt, may include a
		period of less than 12 months for which a Tax Return is made) ending on or
		after the Exchange Date in which there is a Basis Adjustment due to an
		Exchange.
	 

	 
		“Taxes” means any and all U.S. federal, state, local and
		foreign taxes, assessments or similar charges measured with respect to net
		income or profits and any interest related to such Tax.
	 

	 
		“Taxing Authority” shall mean any domestic, foreign,
		federal, national, state, county or municipal or other local government, any
		subdivision, agency, commission or authority thereof, or any quasi-governmental
		body exercising any taxing authority or any other authority exercising Tax
		regulatory authority.
	 

	 
		“Treasury Regulations” means the final, temporary and
		proposed regulations under the Code promulgated from time to time (including
		corresponding provisions and succeeding provisions) as in effect for the
		relevant taxable period.
	 

	 
		“Valuation Assumptions” shall mean, as of an Early
		Termination Date, the assumptions that (1) in each Taxable Year ending on or
		after such Early Termination Date, the Corporation will have taxable income
		sufficient to fully utilize the deductions arising from the
	 

	 
		
 

	 

	 
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		Basis Adjustment and the Imputed Interest during such Taxable Year, (2)
		the federal income tax rates and state, local and foreign income tax rates that
		will be in effect for each such Taxable Year will be those specified for each
		such Taxable Year by the Code and other law as in effect on the Early
		Termination Date, (3) any loss carryovers generated by the Basis Adjustment or
		the Imputed Interest and available as of the date of the Early Termination
		Schedule will be utilized by the Corporation on a pro rata basis from the date
		of the Early Termination Schedule through the scheduled expiration date of such
		loss carryovers, (4) any non-amortizable assets are deemed to be disposed of
		(A) with respect to private equity fund related assets, pro-rata over the
		number of years remaining under the original fund agreement until expected
		liquidation (without extensions) of the applicable fund (or, if such expected
		liquidation date has passed, on the Early Termination Date) and (B) with
		respect to all other assets, on the fifteenth anniversary of the earlier of the
		Basis Adjustment and the Early Termination Date and (5) if an Early Termination
		is effected prior to an Exchange of Partnership Units, clause (i) of Section
		2.01 shall be read to include the Market Value of the Class A Shares and cash
		that would be transferred if the Exchange occurred on the Early Termination
		Date.
	 

	 
		ARTICLE II
 
 DETERMINATION OF REALIZED TAX BENEFIT
	 

	 
		Section 2.01
	 

	 
		Basis Adjustment.  The Corporation and the Partnerships, on
		the one hand, and the applicable Partner, on the other hand, acknowledge that,
		as a result of an Exchange, the Corporation’s basis in the applicable
		Original Assets shall be increased by the excess, if any, of (i) the sum of (x)
		the Market Value of the Class A Shares, cash or other consideration transferred
		to the applicable Partner pursuant to the Exchange as payment for the exchanged
		Partnership Units,  plus (y) the amount of payments made pursuant to this
		Agreement with respect to such Exchange plus (z) the amount of debt allocated
		to the Partnership Units acquired pursuant to such Exchange over (ii) the
		Corporation’s share of the basis of the Original Assets immediately after
		the Exchange attributable to the Partnership Units exchanged, determined as if
		(x) each Partnership remains in existence as an entity for tax purposes, and
		(y) no Partnership made the election provided by Section 754 of the Code. For
		the avoidance of doubt, payments made under this Agreement shall not be treated
		as resulting in a Basis Adjustment to the extent such payments are treated as
		Imputed Interest.
	 

	 
		Section 2.02
	 

	 
		Exchange Basis Schedule. Within 45 calendar days after the filing
		of the U.S. federal income tax return of the Corporation for each Taxable Year
		in which any Exchange has been effected, the Corporation shall deliver to the
		applicable Partner a schedule (the “Exchange Basis Schedule”) that
		shows, in reasonable detail, for purposes of Taxes, (i) the actual unadjusted
		tax basis of the Original Assets as of each applicable Exchange Date, (ii) the
		Basis Adjustment with respect to the Original Assets as a result of the
		Exchanges effected in such Taxable Year, calculated in the aggregate, (iii) the
		period or periods, if any, over which the Original Assets are amortizable
		and/or depreciable and (iv) the period or periods, if any, over which each
		Basis Adjustment is amortizable and/or depreciable (which, for non-amortizable
		assets shall be based on the Valuation Assumptions).
	 

	 
		Section 2.03
	 

	 
		Tax Benefit Schedule. Within 45 calendar days after the filing of
		the U.S. federal income tax return of the Corporation for any Taxable Year in
		which there is a Realized Tax Benefit or Realized Tax Detriment, the
		Corporation shall provide to the applicable
	 

	 
		
 

	 

	 
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		Partner a schedule showing, in reasonable detail, the calculation of the
		Realized Tax Benefit or Realized Tax Detriment for such Taxable Year (a
		“Tax Benefit Schedule”). The Schedule will become final as
		provided in Section 2.04(a) and may be amended as provided in Section 2.04(b)
		(subject to the procedures set forth in Section 2.04(b)).
	 

	 
		Section 2.04
	 

	 
		Procedures, Amendments
	 

	 
		(a)
	 

	 
		Procedure. Every time the Corporation delivers to the applicable
		Partner an applicable Schedule under this Agreement, including any Amended
		Schedule delivered pursuant to Section 2.04(b), but excluding any Early
		Termination Schedule or amended Early Termination Schedule, the Corporation
		shall also (x) deliver to the applicable Partner schedules and work papers
		providing reasonable detail regarding the preparation of the Schedule and an
		Advisory Firm Letter supporting such Schedule and (y) allow the applicable
		Partner reasonable access at no cost to the appropriate representatives at the
		Corporation and the Advisory Firm in connection with a review of such Schedule.
		The applicable Schedule shall become final and binding on all parties unless
		the applicable Original Partner, within 30 calendar days after receiving an
		Exchange Basis Schedule or amendment thereto or 30 calendar days after
		receiving a Tax Benefit Schedule or amendment thereto, provides the Corporation
		with notice of a material objection to such Schedule ("Objection
		Notice") made in good faith; provided, for the sake of clarity, only
		Original Partners shall have the right to object to any Schedule or Amended
		Schedule pursuant to this Section 2.04. If the parties, for any reason, are
		unable to successfully resolve the issues raised in such notice within 30
		calendar days of receipt by the Corporation of an Objection Notice, if with
		respect to an Exchange Basis Schedule, or 30 calendar days of receipt by
		Corporation of an Objection Notice, if with respect to a Tax Benefit Schedule,
		after such Schedule was delivered to the applicable Partner, the Corporation
		and the applicable Partner shall employ the reconciliation procedures  as
		described in Section 7.09 of this Agreement (the "Reconciliation Procedures").
	 

	 
		(b)
	 

	 
		Amended Schedule. The applicable Schedule for any Taxable Year may
		be amended from time to time by the Corporation (i) in connection with a
		Determination affecting such Schedule, (ii) to correct material inaccuracies in
		the Schedule identified as a result of the receipt of additional factual
		information relating to a Taxable Year after the date the Schedule was provided
		to the applicable Partner, (iii) to comply with the Expert’s determination
		under the Reconciliation Procedures, (iv) to reflect a material change in the
		Realized Tax Benefit or Realized Tax Detriment for such Taxable Year
		attributable to a carryback or carryforward of a loss or other tax item to such
		Taxable Year, (v) to reflect a material change in the Realized Tax Benefit or
		Realized Tax Detriment for such Taxable Year attributable to an amended Tax
		Return filed for such Taxable Year, or (vi) to adjust the Exchange Basis
		Schedule to take into account payments made pursuant to this Agreement (such
		Schedule, an “Amended Schedule”).
	 

	 
		
 

	 

	 
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		ARTICLE III
 
 TAX BENEFIT PAYMENTS
	 

	 
		Section 3.01
	 

	 
		Payments
	 

	 
		(a)
	 

	 
		Payments. Within five (5) calendar days of a Tax Benefit Schedule
		delivered to an applicable Partner becoming final in accordance with Section
		2.04(a), the Corporation shall pay to the applicable Partner for such Taxable
		Year the Tax Benefit Payment determined pursuant to Section 3.01(b). Each such
		Tax Benefit Payment shall be made by wire transfer of immediately available
		funds to a bank account of the applicable Partner previously designated by such
		Partner to the Corporation.  For the avoidance of doubt, no Tax Benefit
		Payment shall be made in respect of estimated tax payments, including, without
		limitation, federal income tax payments.  
	 

	 
		(b)
	 

	 
		A “Tax Benefit Payment” means an amount, not less than
		zero, equal to 85% of the sum of the Net Tax Benefit and the Interest Amount.
		 The “Net Tax Benefit” shall equal:  (1) the
		Corporation’s Realized Tax Benefit, if any, for a Taxable Year plus (2)
		the amount of the excess Realized Tax Benefit reflected on an Amended Tax
		Benefit Schedule for a previous Taxable Year over the Realized Tax Benefit (or
		Realized Tax Detriment (expressed as a negative number)) reflected on the Tax
		Benefit Schedule for such previous Taxable Year, minus (3) an amount equal to
		the Corporation’s Realized Tax Detriment (if any) for the current or any
		previous Taxable Year, minus (4) the amount of the excess Realized Tax Benefit
		reflected on a Tax Benefit Schedule for a previous Taxable Year over the
		Realized Tax Benefit (or Realized Tax Detriment (expressed as a negative
		number)) reflected on the Amended Tax Benefit Schedule for such previous
		Taxable Year; provided, however, that to the extent of the
		amounts described in 3.01(b)(2), (3) and (4) were taken into account in
		determining any Tax Benefit Payment in a preceding Taxable Year, such amounts
		shall not be taken into account in determining a Tax Benefit Payment
		attributable to any other Taxable Year; provided, further, for
		the avoidance of doubt, no applicable Partner shall be required to return any
		portion of any previously made Tax Benefit Payment.  The “Interest
		Amount” shall equal the interest on the Net Tax Benefit calculated at
		the Agreed Rate from the due date (without extensions) for filing the
		Corporation Return with respect to Taxes for such Taxable Year until the
		Payment Date.  Notwithstanding the foregoing, for each Taxable Year ending
		on or after the date of a Change of Control, all Tax Benefit Payments, whether
		paid with respect to Partnership Units that were exchanged (i) prior to the
		date of such Change of Control or (ii) on or after the date of such Change of
		Control, shall be calculated by utilizing Valuation Assumptions (1), (3), and
		(4), substituting in each case the terms "the closing date of a Change of
		Control" for an "Early Termination Date".  
	 

	 
		Section 3.02
	 

	 
		No Duplicative Payments. It is intended that the above provisions
		of this Agreement will not result in duplicative payment of any amount
		(including interest) required under this Agreement. It is also intended that
		the provisions of this Agreement provide that 85% of the Corporation's Realized
		Tax Benefit and Interest Amount is paid to the Partners
	 

	 
		
 

	 

	 
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		pursuant to this Agreement.  The provisions of this Agreement shall
		be construed in the appropriate manner as such intentions are realized.
	 

	 
		Section 3.03
	 

	 
		Pro Rata Payments. For the avoidance of doubt, to the extent the
		Corporation’s deduction with respect to the Basis Adjustment is limited in
		a particular Taxable Year or the Corporation lacks sufficient funds to satisfy
		its obligations to make all Tax Benefit Payments due in a particular taxable
		year, the limitation on the deduction, or the Tax Benefit Payments that may be
		made, as the case may be, shall be taken into account or made for each
		applicable Partner on a pro rata basis relative to the total amount of
		deductions with respect to the aggregate Basis Adjustments for all of the
		applicable Partners.
	 

	 
		ARTICLE IV
 
 TERMINATION
	 

	 
		Section 4.01
	 

	 
		Early Termination and Breach of Agreement.  
	 

	 
		(a)
	 

	 
		The Corporation may terminate this Agreement with respect to all of the
		Partnership Units held (or previously held and exchanged) by all Partners at
		any time by paying to all of the applicable Partners the Early Termination
		Payment; provided, however, that this Agreement shall only terminate upon the
		receipt of the Early Termination Payment by all Partners, and provided,
		further, that the Corporation may withdraw any notice to execute its
		termination rights under this Section 4.01(a) prior to the time at which any
		Early Termination Payment has been paid.  Upon payment of the Early
		Termination Payments by the Corporation, neither the applicable Partners nor
		the Corporation shall have any further payment obligations under this Agreement
		in respect of such Partners, other than for any (a) Tax Benefit Payment agreed
		to by the Corporation and the applicable Partner as due and payable but unpaid
		as of the Early Termination Notice and (b) Tax Benefit Payment due for the
		Taxable Year ending with or including the date of the Early Termination Notice
		(except to the extent that the amount described in clause (b) is included in
		the Early Termination Payment).  If an Exchange occurs after the
		Corporation exercises its termination rights under this Section 4.01(a), the
		Corporation shall have no obligations under this Agreement with respect to such
		Exchange.      
	 

	 
		(b)
	 

	 
		In the event that the Corporation breaches any of its material
		obligations under this Agreement, whether as a result of failure to make any
		payment when due, failure to honor any other material obligation required
		hereunder or by operation of law as a result of the rejection of this Agreement
		in a case commenced under the Bankruptcy Code or otherwise, then all
		obligations hereunder shall be accelerated and such obligations shall be
		calculated as if an Early Termination Notice had been delivered on the date of
		such breach and shall include, but not be limited to, (1) the Early Termination
		Payment calculated as if an Early Termination Notice had been delivered on the
		date of a breach, (2) any Tax Benefit Payment agreed to by the Corporation and
		any Partners as due and payable but unpaid as of the date of a breach, and (3)
		any Tax Benefit Payment due for the Taxable Year ending with or including the
		date of a breach.  Notwithstanding the foregoing, in the event that the
		Corporation breaches this
	 

	 
		
 

	 

	 
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		Agreement, the Partners shall be entitled to elect to receive the amounts
		set forth in (1), (2) and (3), above or to seek specific performance of the
		terms hereof.  The parties agree that the failure to make any payment due
		pursuant to this Agreement within three months of the date such payment is due
		shall be deemed to be a breach of a material obligation under this Agreement
		for all purposes of this Agreement, and that it will not be considered to be a
		breach of a material obligation under this Agreement to make a payment due
		pursuant to this Agreement within three months of the date such payment is due.

	 

	 
		(c)
	 

	 
		The undersigned parties agree that the aggregate value of the Tax Benefit
		Payments cannot be ascertained with any reasonable certainty for U.S. federal
		income tax purposes.
	 

	 
		Section 4.02
	 

	 
		Early Termination Notice. If the Corporation chooses to exercise
		its right of early termination under Section 4.01 above, the Corporation shall
		deliver to the applicable Partner notice of such intention to exercise such
		right (“Early Termination Notice”) and a schedule (the
		“Early Termination Schedule”) specifying the
		Corporation’s intention to exercise such right and showing in reasonable
		detail the calculation of the Early Termination Payment. The applicable Early
		Termination Schedule shall become final and binding on all parties unless the
		applicable Original Partner, within 30 calendar days after receiving the Early
		Termination Schedule thereto provides the Corporation with notice of a material
		objection to such Schedule made in good faith ("Material Objection
		Notice"); provided, for the sake of clarity, only Original Partners shall
		have the right to object to any Schedule or Amended Schedule pursuant to this
		Section 4.02. If the parties, for any reason, are unable to successfully
		resolve the issues raised in such notice within 30 calendar days after receipt
		by the Corporation of the Material Objection Notice, the Corporation and the
		applicable Original Partner shall employ the Reconciliation Procedures as
		described in Section 7.09 of this Agreement.
	 

	 
		Section 4.03
	 

	 
		Payment upon Early Termination. (a) Within three calendar days
		after agreement between the applicable Partner and the Corporation of the Early
		Termination Schedule, the Corporation shall pay to the applicable Partner an
		amount equal to the Early Termination Payment. Such payment shall be made by
		wire transfer of immediately available funds to a bank account designated by
		the applicable Partner.
	 

	 
		(b)
	 

	 
		The “Early Termination Payment” as of the date of the
		delivery of an Early Termination Schedule shall equal with respect to the
		applicable Partner the present value, discounted at the Early Termination Rate
		as of such date, of all Tax Benefit Payments that would be required to be paid
		by the Corporation to the applicable Partner beginning from the Early
		Termination Date assuming the Valuation Assumptions are applied.
	 

	 
		
 

	 

	 
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		ARTICLE V
 
 SUBORDINATION AND LATE PAYMENTS
	 

	 
		Section 5.01
	 

	 
		Subordination.  Notwithstanding any other provision of this
		Agreement to the contrary, any Tax Benefit Payment or Early Termination Payment
		required to be made by the Corporation to the applicable Partner under this
		Agreement (an “Exchange Payment”) shall rank subordinate and
		junior in right of payment to any principal, interest or other amounts due and
		payable in respect of any obligations in respect of indebtedness for borrowed
		money of the Corporation and its Subsidiaries (“Senior
		Obligations”) and shall rank pari passu with all current or future
		unsecured obligations of the Corporation that are not Senior Obligations.
		 
	 

	 
		Section 5.02
	 

	 
		Late Payments by the Corporation. The amount of all or any portion
		of any Tax Benefit Payment not made to the applicable Partner when due under
		the terms of this Agreement shall be payable together with any interest
		thereon, computed at the Default Rate and commencing from the date on which
		such Exchange Payment was due and payable.
	 

	 
		ARTICLE VI
 
 NO DISPUTES; CONSISTENCY; COOPERATION
	 

	 
		Section 6.01
	 

	 
		Original Partner Participation in the Corporation’s and
		Partnerships’ Tax Matters. Except as otherwise provided herein, the
		Corporation shall have full responsibility for, and sole discretion over, all
		Tax matters concerning the Corporation and the Partnerships, including without
		limitation the preparation, filing or amending of any Tax Return and defending,
		contesting or settling any issue pertaining to Taxes. Notwithstanding the
		foregoing, the Corporation shall notify the applicable Original Partner of, and
		keep the applicable Original Partner reasonably informed with respect to the
		portion of any audit of the Corporation and  the Partnerships by a Taxing
		Authority the outcome of which is reasonably expected to affect the applicable
		Original Partner’s rights and obligations under this Agreement, and shall
		provide to the applicable Original Partner reasonable opportunity to provide
		information and other input to the Corporation, the Partnerships and their
		respective advisors concerning the conduct of any such portion of such audit;
		provided, however, that the Corporation and the Partnerships
		shall not be required to take any action that is inconsistent with any
		provision of any of the Partnership Agreements.
	 

	 
		Section 6.02
	 

	 
		Consistency. Except upon the written advice of an Advisory Firm,
		the Corporation and the applicable Partner agree to report and cause to be
		reported for all purposes, including federal, state, local and foreign Tax
		purposes and financial reporting purposes, all Tax-related items (including
		without limitation the Basis Adjustment and each Tax Benefit Payment) in a
		manner consistent with that specified by the Corporation in any Schedule
		required to be provided by or on behalf of the Corporation under this
		Agreement. Any Dispute concerning such advice shall be subject to the terms of
		Section 7.09; provided, however, that only an Original Partner shall have the
		right to object to such advice pursuant to this Section 6.02. In the event that
		an Advisory Firm is replaced with another firm acceptable to the Corporation
		and the applicable Partner, such replacement Advisory Firm shall be required to
		perform its
	 

	 
		
 

	 

	 
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		services under this Agreement using procedures and methodologies
		consistent with the previous Advisory Firm, unless otherwise required by law or
		the Corporation and the applicable Partner agree to the use of other procedures
		and methodologies.
	 

	 
		Section 6.03
	 

	 
		Cooperation. The applicable Partner shall (a) furnish to the
		Corporation in a timely manner such information, documents and other materials
		as the Corporation may reasonably request for purposes of making any
		determination or computation necessary or appropriate under this Agreement,
		preparing any Tax Return or contesting or defending any audit, examination or
		controversy with any Taxing Authority, (b) make itself available to the
		Corporation and its representatives to provide explanations of documents and
		materials and such other information as the Corporation or its representatives
		may reasonably request in connection with any of the matters described in
		clause (a) above, and (c) reasonably cooperate in connection with any such
		matter, and the Corporation shall reimburse the applicable Partner for any
		reasonable third-party costs and expenses incurred pursuant to this Section.
	 

	 
		ARTICLE VII
 
 MISCELLANEOUS
	 

	 
		Section 7.01
	 

	 
		Notices. All notices, requests, claims, demands and other
		communications hereunder shall be in writing and shall be deemed duly given and
		received (a) on the date of delivery if delivered personally, or by facsimile
		upon confirmation of transmission by the sender’s fax machine if sent on a
		Business Day (or otherwise on the next Business Day) or (b) on the first
		Business Day following the date of dispatch if delivered by a recognized
		next-day courier service. All notices hereunder shall be delivered as set forth
		below, or pursuant to such other instructions as may be designated in writing
		by the party to receive such notice:
	 

	 
		if to the Corporation, to:
	 

	 
		FIG Corp.
 1345 Avenue of the Americas
 46th Floor
 New York, NY
		10105
 (T) (212) 798-6100
 (F) (917) 591-8433
 
 Attention: General
		Counsel
 
 with a copy to:
 
 Skadden, Arps, Slate, Meagher &
		Flom LLP
 Four Times Square
 New York, New York 10036
 (T) (212)
		735-3000
 (F) (212) 735-2000

	 

	 
		
 

	 

	 
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 Attention: Joseph A. Coco, Esq.
	 

	 
		If to the applicable Partner, to:
	 

	 
		

	 

	 
		The address and facsimile number set forth in the records of the
		Partnerships.
	 

	 
		

	 

	 
		

	 

	 
		Any party may change its address or fax number by giving the other party
		written notice of its new address or fax number in the manner set forth above.
	 

	 
		Section 7.02
	 

	 
		Counterparts. This Agreement may be executed in one or more
		counterparts, all of which shall be considered one and the same agreement and
		shall become effective when one or more counterparts have been signed by each
		of the parties and delivered to the other parties, it being understood that all
		parties need not sign the same counterpart. Delivery of an executed signature
		page to this Agreement by facsimile transmission shall be as effective as
		delivery of a manually signed counterpart of this Agreement.
	 

	 
		Section 7.03
	 

	 
		Entire Agreement; No Third Party Beneficiaries. This Agreement
		constitutes the entire agreement and supersedes all prior agreements and
		understandings, both written and oral, among the parties with respect to the
		subject matter hereof. This Agreement shall be binding upon and inure solely to
		the benefit of each party hereto and their respective successors and permitted
		assigns, and nothing in this Agreement, express or implied, is intended to or
		shall confer upon any other Person any right, benefit or remedy of any nature
		whatsoever under or by reason of this Agreement.
	 

	 
		Section 7.04
	 

	 
		Governing Law. This Agreement shall be governed by, and construed
		in accordance with, the law of the State of New York, without regard to the
		conflicts of laws principles thereof that would mandate the application of the
		laws of another jurisdiction.
	 

	 
		Section 7.05
	 

	 
		Severability. If any term or other provision of this Agreement is
		invalid, illegal or incapable of being enforced by any law or public policy,
		all other terms and provisions of this Agreement shall nevertheless remain in
		full force and effect so long as the economic or legal substance of the
		transactions contemplated hereby is not affected in any manner materially
		adverse to any party. Upon such determination that any term or other provision
		is invalid, illegal or incapable of being enforced, the parties hereto shall
		negotiate in good faith to modify this Agreement so as to effect the original
		intent of the parties as closely as possible in an acceptable manner in order
		that the transactions contemplated hereby are consummated as originally
		contemplated to the greatest extent possible.
	 

	 
		Section 7.06
	 

	 
		Successors; Assignment; Amendments; Waivers. No Partner may assign
		this Agreement to any person without the prior written consent of the
		Corporation; provided, however, (i) that, to the extent Partnership Units are
		effectively transferred in accordance with the terms of the Partnership
		Agreements, the Principals Agreement and any other agreements the Original
		Partners may have entered into with each other, or a Partner may have entered
		into with the Parent, the Corporation, FIGA and/or any of the other
		Partnerships, the transferring Partner shall have the option to assign to the
		transferee of such Partnership Units
	 

	 
		
 

	 

	 
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		the transferring Partner's rights under this Agreement with respect to
		such transferred Partnership Units, as long as such transferee has executed and
		delivered, or, in connection with such transfer, executes and delivers, a
		joinder to this Agreement, in form and substance reasonably satisfactory to the
		Corporation, agreeing to become a "Partner" for all purposes of this Agreement,
		except as otherwise provided in such joinder, and (ii) that, once an Exchange
		has occurred, any and all payments that may become payable to a Partner
		pursuant to this Agreement with respect to such Exchange may be assigned to any
		Person or Persons, as long as any such Person has executed and delivered, or,
		in connection with such assignment, executes and delivers, a joinder to this
		Agreement, in form and substance reasonably satisfactory to the Corporation,
		agreeing to be bound by Section 7.12 and acknowledging specifically the last
		sentence of the next paragraph. For the avoidance of doubt: (i) to the extent
		an Original Partner or other Person transfers Partnership Units to an Original
		Partner pursuant to the Principals Agreement, the Original Partner receiving
		such Partnership Units shall have all rights under this Agreement with respect
		to such transferred Partnership Units as such Original Partners has, under this
		Agreement, with respect to the other Partnership Units held by him; and (ii) if
		a Person transfers Partnership Units (regardless of whether the transferee is a
		"Permitted Transferee" under the terms of the relevant Partnership Agreement)
		but does not assign to the transferee of such Partnership Units such Person's
		rights, if any, under this Agreement with respect to such transferred
		Partnership Units, such Person shall be entitled to receive the Tax Benefit
		Payments, if any, due hereunder in the event such Partnership Units are the
		subject of a subsequent Exchange.
	 

	 
		The Corporation may, in its sole discretion, allow an entity (a "Holding
		Entity") that holds Partnership Units and corresponding Class B Shares on
		behalf of employees of Fortress or any of its Affiliates to execute and deliver
		a joinder to this Agreement, in form and substance reasonably satisfactory to
		the Corporation, agreeing to become a "Partner" for all purposes of this
		Agreement, except as otherwise provided in such joinder.  In connection
		with the foregoing, the Corporation may, in its sole discretion, grant a
		Holding Entity in the applicable joinder the right to effect an exchange of
		Partnership Units and corresponding Class B Shares for Class A Shares in the
		event that no Partner delivers an Exchange Request during a given calendar
		year. Notwithstanding the foregoing provisions of this Section 7.06, no
		transferee described in clause (i) of the immediately preceding paragraph or
		Holding Entity shall have the right to enforce the provisions of Section 2.04,
		4.02, 6.01 or 6.02 of this Agreement, and no assignee described in clause (ii)
		of the immediately preceding paragraph shall have any rights under this
		Agreement except for the right to enforce its right to receive payments under
		this Agreement.
	 

	 
		No provision of this Agreement may be amended unless such amendment is
		approved in writing by each of the Corporation and FIGA, on behalf of
		themselves and the respective Partnerships they Control, and by Original
		Partners who would be entitled to receive at least two-thirds of the Early
		Termination Payments payable to all Original Partners hereunder if the
		Corporation had exercised its right of early termination on the date of the
		most recent Exchange prior to such amendment (excluding, for purposes of this
		sentence, all payments made to any Original Partner pursuant to this Agreement
		since the date of such most recent Exchange); provided, that no such amendment
		shall be effective if such amendment will have a disproportionate effect on the
		payments certain Partners will or may receive under this
	 

	 
		
 

	 

	 
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		Agreement unless all such Partners disproportionately effected consent in
		writing to such amendment. No provision of this Agreement may be waived unless
		such waiver is in writing and signed by the party against whom the waiver is to
		be effective.
	 

	 
		All of the terms and provisions of this Agreement shall be binding upon,
		shall inure to the benefit of and shall be enforceable by the parties hereto
		and their respective successors, assigns, heirs, executors, administrators and
		legal representatives. The Corporation shall require and cause any direct or
		indirect successor (whether by purchase, merger, consolidation or otherwise) to
		all or substantially all of the business or assets of the Corporation, by
		written agreement, expressly to assume and agree to perform this Agreement in
		the same manner and to the same extent that the Corporation would be required
		to perform if no such succession had taken place.  Notwithstanding
		anything to the contrary herein, in the event an Original Partner transfers his
		Partnership Units to a Permitted Transferee (as defined in each Partnership
		Agreement), excluding any other Original Partner, such Original Partner shall
		have the right, on behalf of such transferee, to enforce the provisions of
		Sections 2.04, 4.02 or 6.01 with respect to such transferred Partnership Units.

	 

	 
		Section 7.07
	 

	 
		Titles and Subtitles. The titles of the sections and subsections
		of this Agreement are for convenience of reference only and are not to be
		considered in construing this Agreement.
	 

	 
		Section 7.08
	 

	 
		Resolution of Disputes.
	 

	 
		(a)
	 

	 
		Any and all disputes which are not governed by Section 7.09, including
		but not limited to any ancillary claims of any party, arising out of, relating
		to or in connection with the validity, negotiation, execution, interpretation,
		performance or non-performance of this Agreement (including the validity, scope
		and enforceability of this arbitration provision) (each a "Dispute")
		shall be finally settled by arbitration conducted by a single arbitrator in New
		York in accordance with the then-existing Rules of Arbitration of the
		International Chamber of Commerce. If the parties to the Dispute fail to agree
		on the selection of an arbitrator within ten (10) days of the receipt of the
		request for arbitration, the International Chamber of Commerce shall make the
		appointment. The arbitrator shall be a lawyer admitted to the practice of law
		in the State of New York and shall conduct the proceedings in the English
		language. Performance under this Agreement shall continue if reasonably
		possible during any arbitration proceedings.  In addition to monetary
		damages, the arbitrator shall be empowered to award equitable relief,
		including, but not limited to an injunction and specific performance of any
		obligation under this Agreement. The arbitrator is not empowered to award
		damages in excess of compensatory damages, and each party hereby irrevocably
		waives any right to recover punitive, exemplary or similar damages with respect
		to any Dispute.   The award shall be final and binding upon the
		parties as from the date rendered, and shall be the sole and exclusive remedy
		between the parties regarding any claims, counterclaims, issues, or accounting
		presented to the arbitral tribunal.  Judgment upon any award may be
		entered and enforced in any court having jurisdiction over a party or any of
		its assets.
	 

	 
		
 

	 

	 
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		(b)
	 

	 
		Notwithstanding the provisions of paragraph (a), the Corporation may
		bring an action or special proceeding in any court of competent jurisdiction
		for the purpose of compelling a party to arbitrate, seeking temporary or
		preliminary relief in aid of an arbitration hereunder, and/or enforcing an
		arbitration award and, for the purposes of this paragraph (b), each Partner (i)
		expressly consents to the application of paragraph (c) of this Section 7.08 to
		any such action or proceeding, (ii) agrees that proof shall not be required
		that monetary damages for breach of the provisions of this Agreement would be
		difficult to calculate and that remedies at law would be inadequate, and (iii)
		irrevocably appoints the Corporation as such Partner’s agent for service
		of process in connection with any such action or proceeding and agrees that
		service of process upon such agent, who shall promptly advise such Partner of
		any such service of process, shall be deemed in every respect effective service
		of process upon the Partner in any such action or proceeding.
	 

	 
		(c)
	 

	 
		(i)  EACH PARTNER HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF
		COURTS LOCATED IN NEW YORK, NEW YORK FOR THE PURPOSE OF ANY JUDICIAL PROCEEDING
		BROUGHT IN ACCORDANCE WITH THE PROVISIONS OF PARAGRAPH (B) OF THIS SECTION
		7.08, OR ANY JUDICIAL PROCEEDING ANCILLARY TO AN ARBITRATION OR CONTEMPLATED
		ARBITRATION ARISING OUT OF OR RELATING TO OR CONCERNING THIS AGREEMENT. Such
		ancillary judicial proceedings include any suit, action or proceeding to compel
		arbitration, to obtain temporary or preliminary judicial relief in aid of
		arbitration, or to confirm an arbitration award. The parties acknowledge that
		the for a designated by this paragraph (c) have a reasonable relation to this
		Agreement, and to the parties’ relationship with one another; and
	 

	 
		(ii)
	 

	 
		The parties hereby waive, to the fullest extent permitted by applicable
		law, any objection which they now or hereafter may have to personal
		jurisdiction or to the laying of venue of any such ancillary suit, action or
		proceeding brought in any court referred to in paragraph (c) (i) of this
		Section 7.08 and such parties agree not to plead or claim the same.
	 

	 
		Section 7.09
	 

	 
		Reconciliation. In the event that the Corporation and the
		applicable Original Partner are unable to resolve a disagreement with respect
		to the matters governed by Sections 2.04, 4.02 and 6.02 within the relevant
		period designated in this Agreement ("Reconciliation Dispute"), the
		Reconciliation Dispute shall be submitted for determination to a nationally
		recognized expert (the “Expert”) in the particular area of
		disagreement mutually acceptable to both parties. The Expert shall be a partner
		in a nationally recognized accounting firm or a law firm (other than the
		Advisory Firm), and the Expert shall not, and the firm that employs the Expert
		shall not, have any material relationship with either the Corporation or the
		applicable Original Partner or other actual or potential conflict of interest.
		If the parties are unable to agree on an Expert within fifteen (15) days of
		receipt by the respondent(s) of written notice of a Reconciliation Dispute, the
		Expert shall be appointed by the International Chamber of Commerce Centre for
		Expertise. The Expert shall resolve any matter relating to the Exchange Basis
		Schedule or an amendment thereto or the Early Termination Schedule or an
		amendment thereto within 30 calendar days and shall resolve any matter relating
		to a Tax Benefit Schedule
	 

	 
		
 

	 

	 
		20
	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		or an amendment thereto within 15 calendar days or as soon thereafter as
		is reasonably practicable, in each case after the matter has been submitted to
		the Expert for resolution.  Notwithstanding the preceding sentence, if the
		matter is not resolved before any payment that is the subject of a disagreement
		is due or any Tax Return reflecting the subject of a disagreement is due, such
		payment shall be made on the date prescribed by this Agreement and such Tax
		Return may be filed as prepared by the Corporation, subject to adjustment or
		amendment upon resolution.  The costs and expenses relating to the
		engagement of such Expert or amending any Tax Return shall be borne by the
		Corporation; except as provided in the next sentence.  The Corporation and
		each applicable Original Partner shall bear their own costs and expenses of
		such proceeding, unless the Original Partner has a prevailing position that is
		more than 10% of the payment at issue, in which case the Corporation shall
		reimburse such Original Partner for any reasonable out-of-pocket costs and
		expenses in such proceeding.  Any dispute as to whether a dispute is a
		Reconciliation Dispute within the meaning of this Section 7.09 shall be decided
		by the Expert.  The Expert shall finally determine any Reconciliation
		Dispute and the determinations of the Expert pursuant to this Section 7.09
		shall be binding on the Corporation and the applicable Original Partner and may
		be entered and enforced in any court having jurisdiction.  
	 

	 
		Section 7.10
	 

	 
		Withholding. The Corporation shall be entitled to deduct and
		withhold from any payment payable pursuant to this Agreement such amounts as
		the Corporation is required to deduct and withhold with respect to the making
		of such payment under the Code, or any provision of state, local or foreign tax
		law. To the extent that amounts are so withheld and paid over to the
		appropriate Taxing Authority by the Corporation, such withheld amounts shall be
		treated for all purposes of this Agreement as having been paid to the
		applicable Partner.
	 

	 
		Section 7.11
	 

	 
		Affiliated Corporations of FIGA; Admission of the Corporation into a
		Consolidated Group; Transfers of Corporate Assets.  
	 

	 
		(a)
	 

	 
		FIGA shall provide that all provisions of this Agreement shall
		correspondingly apply, including the payment of Tax Benefit Payments by any
		corporation owned directly or indirectly in whole or in part, now or in the
		future, by FIGA, with respect to any Realized Tax Benefit with respect to
		Principal Holdings Partnership Units, that are part of the Exchange and in
		which such corporation owns an interest, under the same terms and conditions as
		set forth in this Agreement, and FIGA shall cause such corporation to execute
		and deliver a joinder to this Agreement to such effect.  If either (i) the
		Parent or FIGA elects to be treated as a corporation for tax purposes, or (ii)
		the Parent holds FIGA directly or indirectly through an entity that is treated
		as a corporation for tax purposes, then the provisions of this Agreement shall
		apply (w) to FIGA in the same manner as it applies to the Corporation and (x)
		to each partnership, limited partnership and limited liability company
		Controlled by FIGA as if each such entity were a Partnership; provided
		that, if any Partnership Units were Exchanged prior to an event described in
		clause (i) or (ii) above, then (y) such Exchange shall be treated for purposes
		of this Agreement as having occurred immediately after such event at the Fair
		Market Value in existence at the time of such prior Exchange, and (z) the
		entity that is to be treated in the same manner as the Corporation shall be
		required to make the same Tax Benefit Payments pursuant to the terms of this
		Agreement that it would have been required to make had it been
	 

	 
		
 

	 

	 
		21
	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		treated in the same manner as the Corporation on the date of such
		Exchange; provided, however, that such Tax Benefit Payments shall
		be payable only with respect to (I) Original Assets that are still owned at the
		time of the event described in clause (i) or (ii) above, and (II) taxable years
		of such entity ending on or after the date of the event described in clause (i)
		or (ii) above.  The parties agree that the terms of this Agreement will be
		applied to any corporation under this Section 7.11 only if the aggregate Tax
		Benefit Payments payable with respect to such corporation are reasonably
		expected to be more than $10 million.
	 

	 
		(b)
	 

	 
		If the Corporation becomes a member of an affiliated or consolidated
		group of corporations that files a consolidated income tax return pursuant to
		Sections 1501 et seq. of the Code or any corresponding provisions of state,
		local or foreign law, then: (i) the provisions of this Agreement shall be
		applied with respect to the group as a whole; and (ii) Tax Benefit Payments
		shall be computed with reference to the consolidated taxable income of the
		group as a whole.
	 

	 
		(c)
	 

	 
		Notwithstanding any other provision of this Agreement, if Parent acquires
		one or more assets that, as of an Exchange Date, have not been contributed to
		the FOG Entities (other than Parent's interests in the Corporation and FIGA)
		(such assets, "Excluded Assets"), then all Tax Benefit Payments due
		hereunder shall be computed as if such assets had been contributed to the FOG
		Entities on a pro rata basis on the date such assets were first acquired by
		Parent; provided, however, that if an Excluded Asset consists of
		stock in a corporation, then, for purposes of this Section 7.11(c), (i) such
		corporation (and any corporation Controlled by such corporation) shall be
		deemed to have contributed its assets to the Corporation in a transaction
		described in Section 351 of the Code, and (ii) the Corporation shall be deemed
		to have contributed all such assets to the Partnerships, in each case on the
		date on which the Parent acquired stock of such corporation.
	 

	 
		(d)
	 

	 
		If any entity that is obligated to make an Exchange Payment hereunder
		transfers one or more assets to a corporation with which such entity does not
		file a consolidated tax return pursuant to Section 1501 of the Code, such
		entity, for purposes of calculating the amount of any Exchange Payment (e.g.,
		calculating the gross income of the entity and determining the Realized Tax
		Benefit of such entity) due hereunder, shall be treated as having disposed of
		such asset in a fully taxable transaction on the date of such contribution.
		 The consideration deemed to be received by such entity shall be equal to
		the Fair Market Value of the contributed asset, plus (i) the amount of debt to
		which such asset is subject, in the case of a contribution of an encumbered
		asset or (ii) the amount of debt allocated to such asset, in the case of a
		contribution of a partnership interest.
	 

	 
		Section 7.12
	 

	 
		Confidentiality.  Each Partner, Holding Entity and assignee
		acknowledges and agrees that the information of the Corporation is confidential
		and, except in the course of performing any duties as necessary for the
		Corporation and its Affiliates, as required by law or legal process or to
		enforce the terms of this Agreement, shall keep and retain in the strictest
		confidence and not to disclose to any Person all confidential matters, acquired
		pursuant to this Agreement, of the Corporation or any Person included within
		the Parent and
	 

	 
		
 

	 

	 
		22
	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		their respective Affiliates and successors and the other Partners,
		including, without limitation, the identity of the beneficial holders of
		interests in any fund or account managed by the Parent or any of its
		Subsidiaries, confidential information concerning the Parent, any Person
		included within the Parent and their respective Affiliates and successors, the
		other Partners and any fund, account or investment managed by any Person
		included within the Parent, including marketing, investment, performance data,
		fund management, credit and financial information, and other business affairs
		of the Corporation, any Person included within the Parent and their respective
		Affiliates and successors, the other Partners and any fund, account or
		investment managed directly or indirectly by any Person included within the
		Corporation learned by the Partner heretofore or hereafter.  This clause
		7.12 shall not apply to (i) any information that has been made publicly
		available by the Corporation or any of its Affiliates, becomes public knowledge
		(except as a result of an act of such Partner in violation of this Agreement)
		or is generally known to the business community and (ii) the disclosure of
		information to the extent necessary for a Partner to prepare and file his or
		her tax returns, to respond to any inquiries regarding the same from any taxing
		authority or to prosecute or defend any action, proceeding or audit by any
		taxing authority with respect to such returns.  Notwithstanding anything
		to the contrary herein, each Partner (and each employee, representative or
		other agent of such Partner) may disclose to any and all Persons, without
		limitation of any kind, the tax treatment and tax structure of (x) the
		Corporation and (y) any of its transactions, and all materials of any kind
		(including opinions or other tax analyses) that are provided to the Partners
		relating to such tax treatment and tax structure.
	 

	 
		If a Partner, Holding Entity
		or assignee commits a breach, or threatens to commit a breach, of any of the
		provisions of this Section 7.12, the Corporation shall have the right and
		remedy to have the provisions of this Section 7.12 specifically enforced
		by injunctive relief or otherwise by any court of competent jurisdiction
		without the need to post any bond or other security, it being acknowledged and
		agreed that any such breach or threatened breach shall cause irreparable injury
		to the Corporation or any of its Subsidiaries or the other Partners and the
		accounts and funds managed by the Corporation and that money damages alone
		shall not provide an adequate remedy to such Persons.  Such rights and
		remedies shall be in addition to, and not in lieu of, any other rights and
		remedies available at law or in equity.
	 

	 
		Section 7.13
	 

	 
		Partnership Agreement. This Agreement shall be treated as part of
		the partnership agreement of each Partnership as described in Section 761(c) of
		the Internal Revenue Code of 1986, as amended, and Sections
		1.704-1(b)(2)(ii)(h) and 1.761-1(c) of the Treasury Regulations.
	 

	 
		Section 7.14
	 

	 
		Partnerships. The Corporation hereby agrees that, to the extent it
		acquires a general partnership interest, managing member interest or similar
		interest in any Person after the date hereof, it shall cause such Person to
		execute and deliver a joinder to this Agreement and become a "Partnership" for
		all purposes of this Agreement.
	 

	 
		Section 7.15
	 

	 
		Headings.  The headings in this Agreement are for convenience
		of reference only and shall not limit or otherwise affect the meaning hereof.
	 

	 
		
 

	 

	 
		23
	 

	 
		

	 

	 
		

	 

	 
		

	 

	 
	 
		

	 

	 
		

	 

	 
		IN WITNESS WHEREOF, the Corporation and each Partner have duly executed
		this Agreement as of the date first written above.
	 

	 
		 
	 

	 				
	
			 
				 
			 

		  	
			 
				FIG CORP.
			 

		  
	
			 
				 
			 

		  	
			 
				By:
			 

		  	
			 
				/s/ Randal A. Nardone
			 

		  
	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				Name:
			 

			 
				Title:
			 

		  	
			 
				Randal A. Nardone
			 

			 
				Chief Operating Officer
			 

		  
	
			 
				 
			 

		  	
			 
				By:
			 

		  	
			 
				/s/ Daniel N. Bass
			 

		  
	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				Name:
			 

			 
				Title:
			 

		  	
			 
				Daniel N. Bass
			 

			 
				Chief Financial Officer
			 

		  
	
			 
				 
			 

		  	
			 
				FIG ASSET CO. LLC
			 

		  
	
			 
				 
			 

		  	
			 
				By:
			 

		  	
			 
				/s/ Randal A. Nardone
			 

		  
	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				Name:
			 

			 
				Title:
			 

		  	
			 
				Randal A. Nardone
			 

			 
				Chief Operating Officer
			 

		  
	
			 
				 
			 

		  	
			 
				By:
			 

		  	
			 
				/s/ Daniel N. Bass
			 

		  
	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				Name:
			 

			 
				Title:
			 

		  	
			 
				Daniel N. Bass
			 

			 
				Chief Financial Officer
			 

		  

	 
	 

	 	 	
			 /s/ Peter L. Briger, Jr. 
	 	Peter L. Briger, Jr. 
	 	
			 
				/s/ Wesley R. Edens
			 

		  
		Wesley R. Edens 
	 	
			 
				/s/ Robert I. Kauffman
			 

		  
	 	Robert I. Kauffman 
	 	
			 
				/s/ Randal A. Nardone
			 

		  
	 	Randal A. Nardone
	 	
			 
				/s/ Michael E. Novogratz
			 

		  
	 	Michael E. Novogratz

	 
		

	 

	 
		

	 

	 
	 

	 	 	By each of the
			 following entities:
	 	Fortress Operating Entity I LP
	 	Fortress Operating Entity II LP
			 
	 	Fortress
			 Operating Entity III LP
	 	 
	 	By:  FIG
			 Corp., the general partner of each of the foregoing entities

	 
	 

	 
	 

	 				
	
			 
				 
			 

		  	
			 
				By:
			 

		  	
			 
				/s/ Randal A. Nardone
			 

		  
	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				Name:
			 

			 
				Title:
			 

		  	
			 
				Randal A. Nardone
			 

			 
				Chief Operating Officer
			 

		  
	
			 
				 
			 

		  	
			 
				By:
			 

		  	
			 
				/s/ Daniel N. Bass
			 

		  
	
			 
				 
			 

		  	
			 
				 
			 

		  	
			 
				Name:
			 

			 
				Title:
			 

		  	
			 
				Daniel N. Bass
			 

			 
				Chief Financial Officer
			 

		  

	 
		

	 

	 
		

	 

	 
		Signature Page to Amended and Restated Tax Receivable AgreementINDEMNIFICATION AGREEMENT

	 AGREEMENT, dated as of
		_____________, ____, by and between Fortress Investment Group LLC, a Delaware
		limited liability Company (the Company), and
		[NAME] (the Indemnitee).

	 WHEREAS, it is essential to the
		Company to retain and attract as directors and officers the most capable
		persons available;

	 WHEREAS, the Indemnitee is a
		director and/or officer of the Company;

	 WHEREAS, the Company and the
		Indemnitee recognize the increased risk of litigation and other claims being
		asserted against directors and officers of companies in todays
		environment;

	 WHEREAS, basic protection against
		undue risk of personal liability of directors and officers heretofore has been
		provided through insurance coverage providing reasonable protection at
		reasonable cost, and the Indemnitee has relied on the availability of such
		coverage; but as a result of substantial changes in the marketplace for such
		insurance it has become increasingly difficult to obtain such insurance on
		terms providing reasonable protection at reasonable cost;

	 WHEREAS, the Operating Agreement
		(as defined herein) requires the Company to indemnify and advance expenses to
		its directors and officers to the extent provided therein, and the Indemnitee
		serves as a director and/or officer of the Company, in part, in reliance on
		such provisions in the Operating Agreement;

	 WHEREAS, the current difficulty
		in obtaining adequate director and officer liability insurance coverage at a
		reasonable cost, and uncertainties as to the availability of indemnification
		created by recent court decisions, have increased the risk that the Company
		will be unable to retain and attract as directors and officers the most capable
		persons available;

	 WHEREAS, the Company has
		determined that its inability to retain and attract as directors and officers
		the most capable persons would be detrimental to the interests of the Company,
		and that Company therefore should seek to assure such persons that
		indemnification and insurance coverage will be available in the future;
		and

	 WHEREAS, in recognition of the
		Indemnitees need for substantial protection against personal liability in order
		to enhance the Indemnitees continued service to the Company in an effective
		manner, the increasing difficulty in obtaining satisfactory director and
		officer liability insurance coverage, and the Indemnitees reliance on the
		Operating Agreement, and in part to provide the Indemnitee with specific
		contractual assurance that the protection promised by the Operating Agreement
		will be available to the Indemnitee (regardless of, among other things, any
		amendment to or
 

	 
			
				
	 

	  

	 

	 

	 revocation of the Operating Agreement or any change in
		the composition of the governing bodies of the Company or acquisition
		transaction relating to the Company), the Company wishes to provide in this
		Agreement for the indemnification of and the advancing of expenses to the
		Indemnitee to the fullest extent (whether partial or complete) permitted by law
		and as set forth in this Agreement, and, to the extent insurance is maintained,
		for the continued coverage of the Indemnitee under the directors and officers
		liability insurance policy of the Company.

	 NOW, THEREFORE, in consideration
		of the premises and of the Indemnitee continuing to serve the Company directly
		or, at its request, as an officer, director, member, partner, tax matters
		partner, fiduciary or trustee of, or in any other capacity with, another Person
		(as defined below) or any employee benefit plan, and intending to be legally
		bound hereby, the parties hereto agree as follows:

	 1.        Certain Definitions. In addition to terms defined elsewhere herein, the
		following terms have the following meanings when used in this
		Agreement:

	 
			
				 
	
				(a)
	
				Agreement: shall mean this Indemnification Agreement, as amended
				  from time to time hereafter.

	 
			
				 
	
				(b)
	
				Board of
				  Directors: shall mean the Board of
				  Directors of the Company.

	 
			
				 
	
				(c)
	
				Claim: means any threatened, asserted, pending or completed
				  civil, criminal, administrative, investigative or other action, suit or
				  proceeding, or appeal thereof, or any inquiry or investigation, whether
				  instituted by the Company, any governmental agency or any other party, that the
				  Indemnitee in good faith believes might lead to the institution of any such
				  action, suit or proceeding, whether civil, criminal, administrative,
				  investigative or other, including any arbitration or other alternative dispute
				  resolution mechanism.

	 
			
				 
	
				(d)
	
				Indemnifiable
				  Expenses: means (i) all expenses and
				  liabilities, including judgments, fines, penalties, interest, amounts paid in
				  settlement with the approval of the Company, and counsel fees and disbursements
				  (including, without limitation, experts fees, court costs, retainers,
				  transcript fees, duplicating, printing and binding costs, as well as
				  telecommunications, postage and courier charges) paid or incurred in connection
				  with investigating, defending, being a witness in or participating in
				  (including on appeal), or preparing to investigate, defend, be a witness in or
				  participate in, any Claim relating to any Indemnifiable Event, (ii) any
				  liability pursuant to a loan guaranty or otherwise, for any indebtedness of the
				  Company or any subsidiary of the Company, including, without limitation, any
				  indebtedness which the Company or any subsidiary of the Company has assumed or
				  taken subject to, and (iii) any liabilities

	 2

	 

	 

	 which an Indemnitee incurs as a
		result of acting on behalf of the Company (whether as a fiduciary or otherwise)
		in connection with the operation, administration or maintenance of an employee
		benefit plan or any related trust or funding mechanism (whether such
		liabilities are in the form of excise taxes assessed by the United States
		Internal Revenue Service, penalties assessed by the Department of Labor,
		restitutions to such a plan or trust or other funding mechanism or to a
		participant or beneficiary of such plan, trust or other funding mechanism, or
		otherwise).

	 
			
				 
	
				(e)
	
				Indemnifiable
				  Event: means any act or omission,
				  whether occurring before, on or after the date of this Agreement, arising from
				  the performance of the Indemnitees duties or obligations to the Company, or any
				  of its subsidiaries or managed funds, including in connection with any civil,
				  criminal, administrative, investigative or other action, suit or proceeding to
				  which the Indemnitee may hereafter be made a party by reason of being or having
				  been an officer, director, member, partner, tax matters partner, fiduciary or
				  trustee of, or having served in any other capacity with, another Person or any
				  employee benefit plan at the request of the Company.

	 
			
				 
	
				(f)
	
				Operating
				  Agreement: means the Second Amended
				  and Restated Limited Liability Agreement of Fortress Investment Group Holdings,
				  LLC, dated as of February 1, 2007, as amended from time to
				  time.

	 
			
				 
	
				(g)
	
				Person: means any individual, corporation, firm, partnership,
				  joint venture, limited liability company, estate, trust, business association,
				  organization, governmental entity or other entity.

	 
			
				 
	
				2.
	
				Basic Indemnification
				  Arrangement; Advancement of Expenses.

	 (a)       In the
		event that the Indemnitee was, is or becomes subject to, a party to or witness
		or other participant in, or is threatened to be made subject to, a party to or
		witness or other participant in, a Claim by reason of (or arising in part out
		of) an Indemnifiable Event, the Company shall indemnify the Indemnitee, or
		cause such Indemnitee to be indemnified, to the fullest extent permitted by
		Delaware law in effect on the date hereof and as amended from time to time;
		provided, however, that
		no change in Delaware law shall have the effect of reducing the benefits
		available to the Indemnitee hereunder based on Delaware law as in effect on the
		date hereof or as such benefits may improve as a result of amendments after the
		date hereof. The rights of the Indemnitee provided in this Section 2 shall
		include, without limitation, the rights set forth in the other sections of this
		Agreement. Payments of Indemnifiable Expenses shall be made as soon as
		practicable but in any event no later than thirty (30) days after written
		demand is presented to the Company, against any and all Indemnifiable
		Expenses.

	 3

	 

	 

	 (b)       If so
		requested by the Indemnitee, the Company shall advance, or cause to be advanced
		(within two business days of such request), any and all Indemnifiable Expenses
		incurred by the Indemnitee (an Expense
		Advance). The Company shall, in
		accordance with such request (but without duplication), either (i) pay, or
		cause to be paid, such Indemnifiable Expenses on behalf of the Indemnitee, or
		(ii) reimburse, or cause the reimbursement of, the Indemnitee for such
		Indemnifiable Expenses. The Indemnitees right to an Expense Advance is absolute
		and shall not be subject to any condition that the Board of Directors shall not
		have determined that the Indemnitee is not entitled to be indemnified under
		applicable law. However, the obligation of the Company to make an Expense
		Advance pursuant to this Section 2(b) shall be subject to the condition that,
		if, when and to the extent that a final judicial determination is made (as to
		which all rights of appeal therefrom have been exhausted or lapsed) that the
		Indemnitee is not entitled to be so indemnified under applicable law, the
		Company shall be entitled to be reimbursed by the Indemnitee (who hereby agrees
		to reimburse the Company) for all such amounts theretofore paid (it being
		understood and agreed that the foregoing agreement by the Indemnitee shall be
		deemed to satisfy any requirement that the Indemnitee provide the Company with
		an undertaking to repay any Expense Advance if it is ultimately determined that
		the Indemnitee is not entitled to indemnification under applicable law). The
		Indemnitees undertaking to repay such Expense Advances shall be unsecured and
		interest-free. 

	 (c)       Notwithstanding
		anything in this Agreement to the contrary, the Indemnitee shall not be
		entitled to indemnification or advancement of Indemnifiable Expenses pursuant
		to this Agreement in connection with any Claim initiated by the Indemnitee
		unless (i) the Company has joined in or the Board of Directors of the Company
		has authorized or consented to the initiation of such Claim or (ii) the Claim
		is one to enforce the Indemnitees rights under this Agreement (including an
		action pursued by the Indemnitee to secure a determination that the Indemnitee
		should be indemnified under applicable law).

	 (d)       The
		indemnification obligations of the Company under Section 2(a) shall be subject
		to the condition that the Board of Directors shall not have determined (by
		majority vote of directors who are not parties to the applicable Claim) that
		the indemnification of the Indemnitee is not proper in the circumstances
		because the Indemnitee is not entitled to be indemnified under applicable law.
		If the Board of Directors determines that the Indemnitee is not entitled to be
		indemnified in whole or in part under applicable law, the Indemnitee shall have
		the right to commence litigation in any court in the State of New York or
		Delaware having subject matter jurisdiction thereof and in which venue is
		proper, seeking an initial determination by the court or challenging any such
		determination by the Board of Directors or any aspect thereof, including the
		legal or factual bases therefor, and the Company hereby consents to service of
		process and to appear in any such proceeding. If the Indemnitee commences legal
		proceedings in a court of competent jurisdiction to secure a determination that
		the Indemnitee should be indemnified under applicable law, any determination
		made by the Board of Directors that the Indemnitee is not entitled to be
		indemnified under applicable law shall not be binding, the Indemnitee shall
		continue to be entitled to receive Expense Advances, and the Indemnitee shall
		not be required to reimburse the Company for any Expense Advance, 

	 4

	 

	 

	 until a final judicial determination is made (as to
		which all rights of appeal therefrom have been exhausted or lapsed) that the
		Indemnitee is not entitled to be so indemnified under applicable law. Any
		determination by the Board of Directors otherwise shall be conclusive and
		binding on the Company and the Indemnitee.

	 (e)       To the
		extent that the Indemnitee has been successful on the merits or otherwise in
		defense of any or all Claims relating in whole or in part to an Indemnifiable
		Event or in defense of any issue or matter therein, including dismissal without
		prejudice, the Indemnitee shall be indemnified against all Indemnifiable
		Expenses actually and reasonably incurred in connection therewith,
		notwithstanding an earlier determination by the Board of Directors that the
		Indemnitee is not entitled to indemnification under applicable law.

	 3.        Indemnification for Additional Expenses. The Company shall indemnify, or cause the
		indemnification of, the Indemnitee against any and all Indemnifiable Expenses
		and, if requested by the Indemnitee, shall advance such Indemnifiable Expenses
		to the Indemnitee subject to and in accordance with Section 2(b) and (d), which
		are incurred by the Indemnitee in connection with any action brought by the
		Indemnitee for (i) indemnification or an Expense Advance by the Company
		under this Agreement or any provision of the Operating Agreement and/or (ii)
		recovery under any directors and officers liability insurance policies
		maintained by the Company, regardless of whether the Indemnitee ultimately is
		determined to be entitled to such indemnification, Expense Advance or insurance
		recovery, as the case may be.

	 4.        Partial Indemnity, Etc. If the Indemnitee is entitled under any provision of
		this Agreement to indemnification by the Company for some or a portion of the
		Indemnifiable Expenses in respect of a Claim but not, however, for all of the
		total amount thereof, the Company shall nevertheless indemnify the Indemnitee
		for the portion thereof to which the Indemnitee is entitled.

	 5.        Burden of Proof. In connection with any determination by the Board of
		Directors, any court or otherwise as to whether the Indemnitee is entitled to
		be indemnified hereunder, the Board of Directors or court shall presume that
		the Indemnitee has satisfied the applicable standard of conduct and is entitled
		to indemnification, and the burden of proof shall be on the Company or its
		representative to establish, by clear and convincing evidence, that the
		Indemnitee is not so entitled.

	 6.        Reliance as Safe Harbor. The Indemnitee shall be entitled to indemnification
		for any action or omission to act undertaken (a) in good faith reliance
		upon the records of the Company, including its financial statements, or upon
		information, opinions, reports or statements furnished to the Indemnitee by the
		officers or employees of the Company or any of its subsidiaries in the course
		of their duties, or by committees of the Board of Directors, or by any other
		Person as to matters the Indemnitee reasonably believes are within such other
		Persons professional or expert competence, or (b) on behalf of the Company
		in furtherance of the interests of the Company in good faith in reliance upon,
		and in accordance with, the advice of legal counsel or accountants, provided
		such legal counsel or accountants were selected with reasonable care by or
		on

	 5

	 

	 

	 behalf of the Company. In addition, the knowledge
		and/or actions, or failures to act, of any director, officer, agent or employee
		of the Company shall not be imputed to the Indemnitee for purposes of
		determining the right to indemnity hereunder.

	 7.        No Other Presumptions. For purposes of this Agreement, the termination of
		any claim, action, suit or proceeding, by judgment, order, settlement (whether
		with or without court approval) or conviction, or upon a plea of nolo
		contendere or its equivalent, shall not create a presumption that the
		Indemnitee did not meet any particular standard of conduct or have any
		particular belief or that a court has determined that indemnification is not
		permitted by applicable law. In addition, neither the failure of the Board of
		Directors to have made a determination as to whether the Indemnitee has met any
		particular standard of conduct or had any particular belief, nor an actual
		determination by the Board of Directors that the Indemnitee has not met such
		standard of conduct or did not have such belief, prior to the commencement of
		legal proceedings by the Indemnitee to secure a judicial determination that the
		Indemnitee should be indemnified under applicable law shall be a defense to the
		Indemnitees claim or create a presumption that the Indemnitee has not met any
		particular standard of conduct or did not have any particular
		belief.

	 8.        Nonexclusivity, Etc. The rights of the Indemnitee hereunder shall be in
		addition to any other rights the Indemnitee may have under the Operating
		Agreement, the laws of the State of Delaware, or otherwise. To the extent that
		a change in Delaware law or the interpretation thereof (whether by statute or
		judicial decision) permits greater indemnification by agreement than would be
		afforded currently under the Operating Agreement, it is the intent of the
		parties hereto that the Indemnitee shall enjoy by this Agreement the greater
		benefits so afforded by such change.

	 9.        Liability Insurance. To the extent the Company maintains an insurance
		policy or policies providing directors and officers liability insurance, the
		Indemnitee shall be covered by such policy or policies, in accordance with its
		or their terms, to the maximum extent of the coverage available for the Company
		directors or officers.

	 10.      Period of Limitations. No legal action shall be brought and no cause of
		action shall be asserted by or in the right of the Company against the
		Indemnitee, the Indemnitees spouse, heirs, executors or personal or legal
		representatives after the expiration of two years from the date of accrual of
		such cause of action, and any claim or cause of action of the Company shall be
		extinguished and deemed released unless asserted by the timely filing of a
		legal action within such two-year period; provided, however, that if any
		shorter period of limitations is otherwise applicable to any such cause of
		action such shorter period shall govern.

	 11.       Amendments, Etc. No supplement, modification or amendment of this
		Agreement shall be binding unless executed in writing by both of the parties
		hereto. No waiver of any of the provisions of this Agreement shall be deemed or
		shall constitute a waiver of any other provisions hereof (whether or not
		similar) nor shall such waiver constitute a continuing waiver.

	 6

	 

	 

	 12.      Subrogation.
		In the event of payment under this Agreement, the Company shall be subrogated
		to the extent of such payment to all of the rights of recovery of the
		Indemnitee, who shall execute all papers reasonably required and shall do
		everything that may be reasonably necessary to secure such rights, including
		the execution of such documents necessary to enable the Company effectively to
		bring suit to enforce such rights.

	 13.      No Duplication of Payments. The Company shall not be liable under this Agreement
		to make any payment in connection with any Claim made against the Indemnitee to
		the extent the Indemnitee has otherwise actually received payment (under any
		insurance policy, any provision of the Operating Agreement, or otherwise) of
		the amounts otherwise indemnifiable hereunder.

	 14.      Defense of Claims. The Company shall be entitled to participate in the
		defense of any Claim relating to an Indemnifiable Event or to assume the
		defense thereof, with counsel reasonably satisfactory to the Indemnitee;
		provided that if the Indemnitee believes, after consultation
		with counsel selected by the Indemnitee, that (i) the use of counsel chosen by
		the Company to represent the Indemnitee would present such counsel with an
		actual or potential conflict of interest, (ii) the named parties in any such
		Claim (including any impleaded parties) include the Company or any subsidiary
		of the Company and the Indemnitee and the Indemnitee concludes that there may
		be one or more legal defenses available to him or her that are different from
		or in addition to those available to the Company or any subsidiary of the
		Company or (iii) any such representation by such counsel would be precluded
		under the applicable standards of professional conduct then prevailing, then
		the Indemnitee shall be entitled to retain separate counsel (but not more than
		one law firm plus, if applicable, local counsel in respect of any particular
		Claim) at the Companys expense. The Company shall not be liable to the
		Indemnitee under this Agreement for any amounts paid in settlement of any Claim
		relating to an Indemnifiable Event effected without the Companys prior written
		consent. The Company shall not, without the prior written consent of the
		Indemnitee, effect any settlement of any Claim relating to an Indemnifiable
		Event which the Indemnitee is or could have been a party unless such settlement
		solely involves the payment of money and includes a complete and unconditional
		release of the Indemnitee from all liability on all claims that are the subject
		matter of such Claim. Neither the Company nor the Indemnitee shall unreasonably
		withhold its or his or her consent to any proposed settlement; provided that
		the Indemnitee may withhold consent to any settlement that does not provide a
		complete and unconditional release of the Indemnitee.

	 15.      Binding Effect, Etc. This Agreement shall be binding upon and inure to the
		benefit of and be enforceable by the parties hereto and their respective
		successors, (including any direct or indirect successor by purchase, merger,
		consolidation or otherwise to all or substantially all of the business and/or
		assets of the Company), assigns, spouses, heirs, executors and personal and
		legal representatives. The Company shall require and cause any successor
		(whether direct or indirect by purchase, merger, consolidation, or otherwise)
		to all or substantially all of the business and/or assets of the Company, by
		written agreement in form and substance satisfactory to the Indemnitee and his
		or her counsel, expressly to assume and agree to perform this Agreement in the
		same

	 7

	 

	 

	 manner and to the same extent that the Company would be
		required to perform if no such succession had taken place. This Agreement shall
		continue in effect regardless of whether the Indemnitee continues to serve as
		an officer and/or director of the Company of any other entity or enterprise at
		the request of the Company.

	 16.      Security. To
		the extent requested by the Indemnitee, the Company shall at any time and from
		time to time provide security to the Indemnitee for the obligations of the
		Company hereunder through an irrevocable bank line of credit, funded trust or
		other collateral or by other means. Any such security, once provided to the
		Indemnitee, may not be revoked or released without the prior written consent of
		such Indemnitee.

	 17.      Severability.
		The provisions of this Agreement shall be severable in the event that any of
		the provisions hereof (including any provision within a single section,
		paragraph or sentence) are held by a court of competent jurisdiction to be
		invalid, void or otherwise unenforceable in any respect, and the validity and
		enforceability of any such provision in every other respect and of the
		remaining provisions hereof shall not be in any way impaired and shall remain
		enforceable to the fullest extent permitted by law.

	 18.      Specific Performance, Etc. The parties recognize that if any provision of this
		Agreement is violated by the parties hereto, the Indemnitee may be without an
		adequate remedy at law. Accordingly, in the event of any such violation, the
		Indemnitee shall be entitled, if the Indemnitee so elects, to institute
		proceedings, either in law or at equity, to obtain damages, to enforce specific
		performance, to enjoin such violation, or to obtain any relief or any
		combination of the foregoing as the Indemnitee may elect to pursue.

	 19.      Notices. All
		notices, requests, consents and other communications hereunder to any party
		shall be deemed to be sufficient if contained in a written document delivered
		in person or sent by telecopy, nationally recognized overnight courier or
		personal delivery, addressed to such party at the address set forth below or
		such other address as may hereafter be designated on the signature pages of
		this Agreement or in writing by such party to the other parties:

	 
			
				 
	
				(a)
	
				If to the Company, to:
				  

	 Fortress Investment Group LLC
		

	 1345 Avenue of the Americas,
		46th Floor

	 New York, NY 10105

	 Fax: (917) 591-8632

	 Attn: David Brooks, Esq.

	 with a copy (which shall not
		constitute notice) to:

	 Skadden, Arps, Slate, Meagher &
		Flom LLP

	 4 Times Square

	 New York, NY 10036-6522

	 Fax: (212) 735-2000

	 Attn: Joseph A. Coco,
		Esq.

	 8

	 

	 

	 
			
				 
	
				(b)
	
				If to the Indemnitee, to the address
				  set forth on Annex A hereto.

	 All such notices, requests, consents and other
		communications shall be deemed to have been given or made if and when received
		(including by overnight courier) by the parties at the above addresses or sent
		by electronic transmission, with confirmation received, to the telecopy numbers
		specified above (or at such other address or telecopy number for a party as
		shall be specified by like notice). Any notice delivered by any party hereto to
		any other party hereto shall also be delivered to each other party hereto
		simultaneously with delivery to the first party receiving such
		notice.

	 20.      Counterparts.
		This Agreement may be executed in counterparts, each of which shall for all
		purposes be deemed to be an original but all of which together shall constitute
		one and the same agreement. Only one such counterpart signed by the party
		against whom enforceability is sought needs to be produced to evidence the
		existence of this Agreement.

	 21.      Headings. The
		headings of the sections and paragraphs of this Agreement are inserted for
		convenience only and shall not be deemed to constitute part of this Agreement
		or to affect the construction or interpretation thereof.

	 22.      Governing Law.
		This Agreement shall be governed by and construed and enforced in accordance
		with the laws of the State of Delaware applicable to contracts made and to be
		performed in such state without giving effect to the principles of conflicts of
		laws.

	 9

	 

	 

	 IN WITNESS WHEREOF, the parties
		hereto have executed this Agreement as of the date first above
		written.

	  

	 
			
				 
	
				 
	
				FORTRESS INVESTMENT GROUP
				  LLC
  
  

	
				
	
				 
	
				By: 
	
				

	 
			
				
	
				 
	
				Name: Randal A. Nardone

	
				 
	
				 
	
				Title: Chief Operating Officer

	  

	 
			
				 
	
				 
	
				 
	
				 

	
				
	
				 
	
				 

				 

	
				 
	
				 
	
				[NAME]

	 10

	 

	 

	 Annex A

	  

	 
			
				Name and Business
				  Address.

	
				 

	
				 

	
				 

	
				 

	
				Attn: 
	
				 

	 
			
				Tel: 
	
				 

	 
			
				Fax:

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