Company: APO
Filing Date: 2025-05-12
Form Type: S-4/A
Source: 0001193125-25-117912
Chunk: 409

Company: Apollo Global Management, Inc.
Filing Date: 2025-05-12
Form: S-4/A
Chunk 409
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 A- Form of Joinder Agreement ii

SECOND AMENDED AND RESTATED TAX RECEIVABLE AGREEMENT

This SECOND AMENDED AND RESTATED TAX RECEIVABLE AGREEMENT (this “”), dated as of February 23, 2025, is hereby
entered into by and among Apollo Global Management Inc. (the “”), Bridge Investment Group Holdings Inc., a Delaware corporation (“”), Bridge Investment Group Holdings LLC, a Delaware limited
liability company (“”), and each of the Members (as defined herein).

RECITALS

WHEREAS, the Members (including their predecessors and assignors) held Units in Bridge Holdings, which is treated as a partnership for U.S.
federal income tax purposes;

WHEREAS, Bridge Corp previously issued shares of its Class A common stock in an initial public offering
of its Class A common stock (the “”);

WHEREAS, immediately following the consummation of the IPO, Bridge Corp
acquired newly issued Units from Bridge Holdings using the net proceeds from the IPO (the “”);

WHEREAS,
immediately following the consummation of the Unit Purchase, Bridge Holdings used a portion of the net proceeds from the IPO received in connection with the Unit Purchase to redeem certain of the Units held by the Members (the “”);

WHEREAS, as a result of the IPO Unit Redemption, Bridge Corp was entitled to utilize (or otherwise benefit from)
Exchange Covered Tax Assets (as defined herein);

WHEREAS, pursuant to the Operating Agreement (as defined herein) (i) Bridge
Holdings has redeemed Units from Members for shares of Bridge Corp Class A Common Stock or cash (“”) and/or Bridge Corp has acquired Units from Members for shares of Bridge Corp Class A Common Stock or cash
(“”) and (ii) prior to the LLC Merger Effective Time (as defined in the Merger Agreement) there may be more Redemptions or Direct Exchanges, which, in each case, entitled or will entitle Bridge Corp to utilize
(or otherwise benefit from) the Exchange Covered Tax Assets;

WHEREAS, concurrently with the execution and delivery of this Agreement, the
Corporation, Bridge Holdings, Bridge Corp, Aspen PubCo Merger Sub 1, Inc., a Delaware corporation, and Aspen Second Merger Sub, LLC, a Delaware limited liability company entered into that certain Agreement and Plan of Merger, dated as of
February 23, 2025 (the “”);

WHEREAS, the Corporation is the common parent of an affiliated group of
corporations