Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 43

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 43
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-outstanding 
 shares of Combined Company Common Stock entitled to vote thereon, voting together as a single class;                                       |

| ● | prohibit stockholder action 
 by written consent;         |

| ● | provide that special meetings                                                                                                              
 may only be called by or at the direction of the Chairman of the Combined Company Board, the Combined Company Board or the Chief Executive 
 Officer;                                                                                                                                   |

| ● | provide that any alteration,                                                                                                              
 amendment or repeal, in whole or in part, of any provision of the Proposed Bylaws by Combined Company’s stockholders will require         
 the affirmative vote of the holders of at least 66 2/3% in voting power of all the then-outstanding shares of the Combined Company Common 
 Stock entitled to vote thereon, voting together as a single class; and                                                                    |

| ● | establish advance notice requirements                                                                                                       
 for nominations for elections to the Combined Company Board and for proposing matters that can be acted upon by stockholders at stockholder 
 meetings.                                                                                                                                   |

Section 203 of the DGCL generally prohibits a Delaware corporation
from engaging in any of a broad range of business combinations with any interested stockholder for a period of three years following the
date on which the stockholder became an interested stockholder. Combined Company has expressly elected not to be governed by Section 203
of the DGCL. At that time, such election shall be automatically withdrawn and Combined Company will thereafter be governed by Section
203 of the DGCL. These provisions could discourage, delay or prevent a transaction involving a change in control of Combined Company.
These provisions could also discourage proxy contests and make it more difficult for Combined Company’s stockholders to elect directors
of their choosing and cause Combined Company to take other corporate actions they desire, including actions that Combined Company’s
stockholders may deem advantageous. In addition, because the Combined Company Board is responsible for appointing the members of Combined
Company’s management team, these provisions could in turn affect any attempt by Combined Company’s stockholders to replace
current members of Combined Company’s management team.

These anti-takeover provisions and other provisions
in the Proposed Charter, the Proposed Bylaws and Delaware law could make it more difficult for stockholders or potential acquirors
to obtain control of the Combined Company Board or initiate actions that are opposed by Combined Company’s then-current board of
directors and could also delay or impede a merger, tender offer or proxy contest involving Combined Company. The existence of these
provisions could negatively affect the price