Company: APO
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001193125-25-079161
Chunk: 174

Company: Apollo Global Management, Inc.
Filing Date: 2025-04-11
Form: S-4
Chunk 174
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 with its fiduciary duties under applicable law, to not make a change in the Bridge Board recommendation; 
 and                                                                                                                                                                                                                                                       |

| • |     | following the end of the adverse recommendation change notice period described in the preceding clause, the                                                                                                                                             
 special committee (or the Bridge Board, acting upon the direction of the special committee) determined in good faith, after consultation with its financial and outside legal advisors, taking into account any changes to the merger agreement and the 
 transactions offered in a written offer by Apollo in response to the notice of adverse recommendation change or otherwise, that the superior proposal giving rise to the notice of adverse recommendation change continues to constitute a superior     
 proposal or, as applicable, in the case of any change in the Bridge Board recommendation that is not related to a superior proposal, that the failure to make such change in the Bridge Board recommendation would be inconsistent with its fiduciary   
 duties under applicable law (and any amendment or modification of such superior proposal will require a new notice of adverse recommendation change with a new adverse recommendation change notice period of four (4) business days).                  |

The special committee (or the Bridge Board, acting upon the direction of the special committee) is permitted, in response to an intervening event (as defined below) occurring after the date of the merger agreement, to effect a change in the Bridge Board recommendation (including a withdrawal or modification, in a manner adverse to Apollo, of the Bridge Board recommendation) or to cause Bridge to terminate the merger agreement in accordance with its terms, if:

| • |     | an intervening event has occurred; |

| • |     | the special committee (or the Bridge Board, acting upon the direction of the special committee) has determined in                                                                                                                                  
 good faith, after consultation with its financial and outside legal advisors, that the failure to effect an adverse recommendation change in the Bridge Board recommendation would be inconsistent with its fiduciary duties under applicable law; |

| • |     | Bridge has provided, at least four (4) business days’ written notice (a “notice of                                          
 intervening event”) to Apollo that Bridge intends to take such action (it being understood that the delivery of a notice of |

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| intervening event and any amendment or update thereto and the determination to so deliver such notice, amendment or update will not, by itself, constitute the making of a change in the Bridge 
 Board recommendation), which notice includes reasonably detailed information describing the intervening event;                                                                                  |

| • |     | during the adverse recommendation change notice period following the time