Company: APO
Filing Date: 2025-05-14
Form Type: 424B3
Source: 0001193125-25-119946
Chunk: 233

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-14
Form: 424B3
Chunk 233
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.

“” means any day that is not a
Saturday, a Sunday or other day on which banks located in Salt Lake City, Utah or the Federal Reserve Bank of New York is closed.

“” means all direct and indirect rights (including such rights via ownership of any Bridge Entity) with
respect to any performance or incentive fee, performance or incentive allocation, carried interest, promote, special profits interest or other performance-based compensation (or priority allocation) and other payments, distributions and allocations
based, in whole or in part, on the investment performance of a Client, including any such “phantom” arrangement the benefit of which is determined by reference to amounts that otherwise constitute “Carried Interest” hereunder,
but excluding (i) any investment advisory, investment management and sub-advisory fees, (ii) fund capital proceeds or the equivalent, and (iii) to the extent applicable, any such amounts that
are paid in lieu of investment advisory, investment management and sub-advisory fees in connection with any “cashless contribution,” “fee waiver” or “fee conversion” strategy or
otherwise.

“” means 0.07081.

“” means 0.00006, subject to such adjustments as may be required to ensure that the
value of the Class B Corporate Merger Consideration received at the Effective Time in respect of one share of Company Class B Common Stock does not exceed $0.01.

“” means any Person to which any Acquired Company provides Investment Advisory Services.

“” has the meaning set forth in .

“” means the aggregate Revenue
Run-Rate for all Clients (other than any Non-Consenting Client) as determined as of the second Business Day prior to Closing. The calculation of the applicable fee rates
used in the Closing Revenue Run-Rate shall be made in a manner consistent with the methodologies used for the calculation of the applicable fee rates used in the Base Revenue
Run-Rate.

“” means the Internal Revenue Code of 1986, as amended.

A-5

“” means the consolidated balance sheet of the Company
as of September 30, 2024 and the notes thereto, as contained in the Company SEC Documents.

“” means September 30, 2024.

“” means the Company Common Stock and the Company
Preferred Stock.

“” means the Class A common stock, $0.01 par value
per share, of the Company.

“” means the Class B common stock, $0.01
par value