Second Amended and Restated Share Repurchase Plan

Certain broker-dealers require that their clients process repurchases through their broker-dealer, which may impact the time necessary to process such repurchase request, impose more restrictive deadlines than described under this Plan, impact the timing of a Shareholder receiving repurchase proceeds and require different paperwork or process than described in this Plan. Shareholders should contact their broker-dealer first if they want to request the repurchase of their Shares.

Under this Plan, the Company may choose to, or choose not to, conduct repurchases for any particular quarter. To the extent the Company chooses to repurchase Shares in any particular quarter, the Company will only repurchase Shares during the repurchase window, which the Company expects (but does not guarantee and may change in its sole discretion) will open at least 10 business days before the publishing of prior-quarter NAV during each quarter, and remain open until the later of (a) 20 business days in total have elapsed since the opening of the repurchase window or (b) 10 business days have elapsed following the date on which NAV per Share as to each type of Shares is made publicly available. To have Shares repurchased, a Shareholder’s repurchase request and required documentation must be received by the Company in good order by 4:00 p.m. (Eastern time) no later than the last business day of the repurchase window (such last business day, the “Repurchase Date”).

The Company expects settlements of Share repurchases to be made within three to five business days of the Repurchase Date. The Company expects to make the Share Repurchases beginning with the second full quarter after the initial raising of third-party capital. Repurchase requests received and processed by the Company’s transfer agent will be effected at a repurchase price equal to the Transaction Price on the applicable Repurchase Date (which will generally be equal to the Company’s prior quarter’s NAV per Share).

A Shareholder may withdraw its, his or her repurchase request by notifying the transfer agent, directly or through the Shareholder’s financial intermediary, on our toll-free, automated telephone line, 1 ###-###-####. The line is open on each business day between the hours of 9:00 a.m. and 6:00 p.m. (Eastern time). Repurchase requests must be cancelled (by notice to the Company) before 4:00 p.m. (Eastern time) on the Repurchase Date.

If a repurchase request is received after 4:00 p.m. (Eastern time) on the Repurchase Date, the repurchase request will be executed, if at all, on the next quarter’s Repurchase Date at the Transaction Price applicable to the next quarter, unless such request is withdrawn prior to the next Repurchase Date. Repurchase requests received and processed by the Company’s transfer agent on a business day, but after the close of business on that day or on a day that is not a business day, will be deemed received on the next business day. All questions as to the form and validity (including time of receipt) of repurchase requests and notices of withdrawal will be determined by the Company, in its sole discretion, and such determination shall be final and binding.

Repurchase requests may be made by mail or by contacting a financial intermediary, both subject to certain conditions described in this Plan. If making a repurchase request by contacting the Shareholder’s financial intermediary, the Shareholder’s financial intermediary may require the Shareholder to provide certain documentation or information. If making a repurchase request by mail to the transfer agent, the Shareholder must complete and sign a repurchase authorization form, which can be found at the end of this Plan. Written requests should be sent to the transfer agent at the following address:

For processed repurchases, Shareholders may request that repurchase proceeds are to be paid by mailed check; provided that the check is mailed to an address on file with the transfer agent for at least 30 days. Shareholders should check with their broker-dealer that such payment may be made via check or wire transfer, as further described below.

Shareholders may also receive repurchase proceeds via wire transfer; provided that wiring instructions for their brokerage account or designated U.S. bank account are provided. For all repurchases paid via wire transfer, the funds will be wired to the account on file with the transfer agent or, upon instruction, to another financial institution; provided that the Shareholder has made the necessary funds transfer arrangements. The customer service representative can provide detailed instructions on establishing funding arrangements and designating a bank or brokerage account on file. Funds will be wired only to U.S. financial institutions (ACH network members).

A medallion signature guarantee will be required in certain circumstances described below. A medallion signature guarantee may be obtained from a domestic bank or trust company, broker-dealer, clearing agency, savings association or other financial institution which participates in a medallion program recognized by the Securities Transfer Association. The three recognized medallion programs are the Securities Transfer Agents Medallion Program, the Stock Exchanges Medallion Program and the New York Stock Exchange, Inc. Medallion Signature Program. Signature guarantees from financial institutions that are not participating in any of these medallion programs will not be accepted. A notary public cannot provide signature guarantees. The Company reserves the right to amend, waive or discontinue this policy at any time and establish other criteria for verifying the authenticity of any repurchase or transaction request. The Company may require a medallion signature guarantee if, among other reasons: (1) the amount of the repurchase request is over $500,000; (2) a Shareholder wishes to have repurchase proceeds transferred by wire to an account other than the designated bank or brokerage account on file for at least 30 days or sent to an address other than such Shareholder’s address of record for the past 30 days; or (3) the Company’s transfer agent cannot confirm a Shareholder’s identity or suspects fraudulent activity.

If a Shareholder has made multiple purchases of the Company’s Shares, any repurchase request will be processed on a first in/first out basis unless otherwise requested in the repurchase request.

Shareholders will not receive interest on amounts represented by uncashed repurchase checks;

Under applicable anti-money laundering regulations and other federal regulations, repurchase requests may be suspended, restricted or canceled and the proceeds may be withheld;

IRS regulations require the Company to determine and disclose on Form 1099-B the adjusted cost basis for Shares sold or repurchased. Although there are several available methods for determining the adjusted cost basis, unless a Shareholder elects otherwise, which such Shareholder may do by checking the appropriate box on the repurchase authorization form or calling the Company’s customer service number at ###-###-####, the Company will utilize the first-in-first-out method; and

All of the Company’s Shares requested to be repurchased must be beneficially owned by the Shareholder of record making the request or his or her estate, heir or beneficiary, or the party requesting the repurchase must be authorized to do so by the Shareholder of record of the Shares or his or her estate, heir or beneficiary, and such Shares must be fully transferable and not subject to any liens or encumbrances. In certain cases, the Company may ask the requesting party to provide evidence satisfactory to the Company that the Shares requested for repurchase are not subject to any liens or encumbrances. If the Company determines that a lien exists against the Shares, the Company will not be obligated to repurchase any Shares subject to the lien.

Apollo Asset Backed Credit Company LLC

Repurchase Authorization

(1)

REPURCHASE FROM THE FOLLOWING ACCOUNT

ACCOUNT NUMBER

FINANCIAL ADVISOR NAME

(2)

REPURCHASE AMOUNT

☐ All Shares

(3)

REPURCHASE TYPE

(Check one)

☐ Normal

☐ Dissolution

Additional documentation is required if repurchasing due to Death, Disability, Divorce, Dissolution, Bankruptcy, Insolvency, or Adjudicated Incompetence. Contact Investor Relations for detailed instructions at ###-###-####

(4)

PAYMENT INSTRUCTIONS

☐   Cash/Check Mailed to Address of Record (Only available for Non-Custodial and Non-Broker Controlled Accounts)

☐   Cash/Check Mailed to Third Party/Custodian (Signature Guarantee required)

  Cash/Direct Deposit Attach a pre-printed voided check. (Non-Custodian Investors Only)

I authorize Apollo Asset Backed Credit Company LLC or its agent to deposit my distribution into my checking or savings account. In the event that Apollo Asset Backed Credit Company LLC deposits funds erroneously into my account, they are authorized to debit my account for an amount not to exceed the amount of the erroneous deposit.

Apollo Asset Backed Credit Company LLC

Repurchase Authorization

(5)

COST BASIS SELECTION

(Select only one)

U.S. federal income tax information reporting rules generally apply to certain transactions in our Series I shares. Where they apply, the “cost basis” calculated for the shares involved will be reported to the Internal Revenue Service (“IRS”) and to you. Generally, these rules apply to our Series I shares, including those purchased through our distribution reinvestment plan. You should consult your own tax advisor regarding the consequences of these new rules and your cost basis reporting options.

Indicate below the cost basis method you would like us to apply.

IMPORTANT: If an option is not selected, your cost basis will be calculated using the FIFO method.

☐   FIFO (First – In / First Out)

☐   LIFO (Last – In / First Out) Consult your tax advisor to determine whether this method is available to you.

☐   Specific Lots

If you have selected “Specific Lots,” please identify the lots below:

DATE OF PURCHASE

AMOUNT OF PURCHASE

(6)

AUTHORIZATION AND SIGNATURE

IMPORTANT: Signature Guarantee may be required if any of the following applies:

•  Amount to be repurchased is $500,000 or more.

•  The repurchase is to be sent to an address other than the address we have had on record for the past 30 days.

•  The repurchase is to be sent to an address other than the address on record.

•  If an individual’s name has changed from the name in the account registration, we must have a one-and-the-same name signature guarantee. A one-and-the-same signature guarantee must state “<Previous Name> is one-and-the-same as <New Name>” and you must sign your old and new name.

•  The repurchase proceeds are deposited directly according to banking instructions provided on this form. (Non Custodial Investors Only)

INVESTOR NAME

SIGNATURE

DATE

Medallion Signature Guarantee

(REQUIRED)

Apollo Asset Backed Credit Company LLC

Repurchase Authorization

(6)

AUTHORIZATION AND SIGNATURE

•  Please refer to the private placement memorandum you received in connection with your initial investment in Apollo Asset Backed Credit Company LLC, as amended by any amendments or supplements to that private placement memorandum for a description of the current terms of our share repurchase plan. The repurchase price and repurchase window dates will be available at https://www.apollo.com/abc and/or filed with the U.S. Securities and Exchange Commission. There are various limitations on your ability to request that we repurchase your shares. In addition, for each Series, the aggregate NAV of total repurchases of S Shares, I Shares, T-S Shares, T-I Shares, P-S Shares, P-I Shares, F-S Shares, F-I Shares, A-I Shares, A-II Shares (collectively, “Investor Shares”) and E Shares will be limited up to 5% of the aggregate NAV of our outstanding Investor Shares and E Shares at a price based on the NAV per Share for each applicable type as of the last business day of the quarter prior to the commencement of the share repurchase.

•  Our board of directors may determine to make exceptions to, amend or suspend our share repurchase plan without shareholder approval. Material modifications to and suspensions of the share repurchase plan will be made available at https://www.apollo.com/abc. Repurchase of shares, when requested, will generally be made quarterly; provided however, that the board of directors may determine from time to time to adjust the timing of repurchases. All requests for repurchases must be received in good order by 4:00 p.m. (Eastern time) on the last business day of the repurchase window for the applicable quarter. A shareholder may withdraw his or her repurchase request by notifying the transfer agent, directly or through the shareholder’s financial intermediary, on our toll-free, automated telephone line, 888 ###-###-####. Repurchase requests must be cancelled before 4:00 p.m. (Eastern time) on the last business day of the repurchase window for the applicable quarter. We cannot guarantee that we will have sufficient available funds or that we will otherwise be able to accommodate any or all requests made in any applicable repurchase period. All questions as to the form and validity (including time of receipt) of repurchase requests and notices of withdrawal will be determined by the Company, in its sole discretion, and such determination shall be final and binding.

•  If share repurchases are conducted in a given quarter, such share repurchases under our share repurchase plan will be effectuated within three to five business days of the closing of the repurchase window of each calendar quarter and we expect to declare quarterly distributions at the discretion of the board of directors with a record date as of the close of business of the last business day of each quarter commencing with the first full calendar quarter after the escrow period concludes which Apollo Asset Backed Credit Company LLC sells shares to non-affiliates. You will not be entitled to receive a distribution if your shares are repurchased prior to the applicable time of the record date.

Questions regarding your account should be directed to: 888 ###-###-####

***@***

Regular Mail To:

Apollo Asset Backed Credit Company LLC

P.O. Box 219830

Kansas City, MO 64121-9830

Overnight To:

Apollo Asset Backed Credit Company LLC

430 W. 7th Street, Suite 219830

Kansas City, MO 64105-1407