Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 176

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 6
Chunk 176
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 a director and a committee m...  
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  (3)      Mr. Bathurst was appointed as one of our directors as of October 2017 and is entitled to receive $50,676 annually for his combined services as a director and a committee member effective from J...  
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  (4)      Mr. Bathurst’s appointment Letter provides his salary in GBP. For purposes of this table, we used a conversion ratio of GBP0.8 to USD1.00 to determine his salary in USD; however, the ultimate a...  

  (5)      Dr. Scherer was appointed as one of our directors as of October 2017 and is entitled to receive $31,673 annually for his services as a director effective from January 1, 2022. In October 2024, ...  
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2017 Share Option Plan

On October 13, 2017, we adopted
the 2017 Share Option Plan (the “ Option Plan”) and on November 5, 2021, we amended the Option Plan. Under the Option Plan,
up to an aggregate of 550,000 Class A Ordinary Shares (subject to subsequent adjustments described more fully below) may be issued pursuant
to awards under the Option Plan. Subsequent adjustments include that on each January 1, starting with January 1, 2020, an additional number
of shares equal to the lesser of (A) 2% of the outstanding number of Class A Ordinary Shares (on a fully diluted basis) on the immediate
preceding December 31, and (B) such lower number of Class A Ordinary Shares as may be determined by the board of directors, subject in
all cases to adjustments as provided in Section 10 of the Option Plan. Awards will be made pursuant to agreements and may be subject to
vesting and other restrictions as determined by the board of directors.

We adopted the Option Plan
to provide additional incentives to selected directors, officers, employees and consultants, and enable our Company to obtain and retain
the services of these individuals. The Option Plan will enable us to grant