SEC Contract Filing

Filing Date: 2025-03-03

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>5
<FILENAME>d892836dex103.htm
<DESCRIPTION>EX-10.3
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<TITLE>EX-10.3</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.3 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>APOLLO ASSET BACKED CREDIT COMPANY LLC </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Third Amended and Restated Share Repurchase Plan </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Effective as of February&nbsp;28, 2025 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Definitions </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Operating Manager &#150; </I>shall mean
Apollo Manager, LLC, a Delaware limited liability company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I><FONT STYLE="white-space:nowrap">A-I</FONT> Shares </I>&#150; shall mean the limited
liability company interests designated as <FONT STYLE="white-space:nowrap">A-I</FONT> Shares of each of Series I and Series II. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I><FONT
STYLE="white-space:nowrap">A-II</FONT> Shares </I>&#150; shall mean the limited liability company interests designated as <FONT STYLE="white-space:nowrap">A-II</FONT> Shares of each of Series I and Series II. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>BD Shares</I> &#150; shall mean the limited liability company interests designated as BD Shares of Series II. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>E Shares </I>&#150; shall mean the limited liability company interests designated as E Shares of each of Series I and Series II. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I><FONT STYLE="white-space:nowrap">F-I</FONT> Shares</I> &#150; shall mean the limited liability company interests designated as <FONT
STYLE="white-space:nowrap">F-I</FONT> Shares of each of Series I and Series II. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I><FONT STYLE="white-space:nowrap">F-S</FONT> Shares</I> &#150; shall
mean the limited liability company interests designated as <FONT STYLE="white-space:nowrap">F-S</FONT> Shares of each of Series I and Series II. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>I
Shares</I> &#150; shall mean the limited liability company interests designated as I Shares of each of Series I and Series II. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I><FONT
STYLE="white-space:nowrap">P-I</FONT> Shares</I> &#150; shall mean the limited liability company interests designated as <FONT STYLE="white-space:nowrap">P-I</FONT> Shares of each of Series I and Series II. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I><FONT STYLE="white-space:nowrap">P-S</FONT> Shares</I> &#150; shall mean the limited liability company interests designated as <FONT
STYLE="white-space:nowrap">P-S</FONT> Shares of each of Series I and Series II. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I><FONT STYLE="white-space:nowrap">T-I</FONT> Shares</I> &#150; shall
mean the limited liability company interests designated as <FONT STYLE="white-space:nowrap">T-I</FONT> Shares of each of Series I and Series II. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I><FONT
STYLE="white-space:nowrap">T-S</FONT> Shares</I> &#150; shall mean the limited liability company interests designated as <FONT STYLE="white-space:nowrap">T-S</FONT> Shares of each of Series I and Series II. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>S Shares</I> &#150; shall mean the limited liability company interests designated as S Shares of each of Series I and Series II. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Company</I> &#150; shall mean Apollo Asset Backed Credit Company LLC, a Delaware limited liability company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Dealer Manager</I> &#150; shall mean Apollo Global Securities, LLC. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>NAV</I> &#150; shall mean the net asset value of the Company attributable to its Shareholders or the net asset value of a class of its Shares, as the
context requires, determined in accordance with the Company&#146;s valuation policies and procedures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>NAV per Share</I> &#150; shall mean the NAV for
the applicable type of Share for the applicable Series. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Plan</I> &#150; shall mean this Share repurchase plan of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Shareholders </I>&#150; shall mean the holders of S Shares, I Shares, <FONT STYLE="white-space:nowrap">T-S</FONT> Shares,
<FONT STYLE="white-space:nowrap">T-I</FONT> Shares, <FONT STYLE="white-space:nowrap">P-S</FONT> Shares, <FONT STYLE="white-space:nowrap">P-I</FONT> Share