Company: WHWK
Filing Date: 2025-01-31
Form Type: DEFM14A
Source: 0001193125-25-018470
Chunk: 35

Company: Whitehawk Therapeutics, Inc.
Filing Date: 2025-01-31
Form: DEFM14A
Chunk 35
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 approve the Divestiture Agreement or the Divestiture or take certain similar actions other than, under certain circumstances, if it determines in good faith, after consultation with its financial advisor and outside legal counsel, that failure to do so could reasonably be expected to be inconsistent with the Aadi board of directors’ fiduciary duties. Moreover, Aadi’s board of directors cannot withdraw its recommendation that Aadi stockholders approve the Divestiture Agreement and the Divestiture at the Special Meeting or take certain similar actions unless it complies with certain procedures in the Divestiture Agreement, including providing notice to and engaging in good faith negotiations with Kaken during a specified period. If Kaken or Aadi terminates the Divestiture Agreement under certain circumstances, including because Aadi’s board of directors withdraws its recommendation that the Aadi stockholders approve the Divestiture Agreement and the Divestiture at the Special Meeting, then Aadi must pay to Kaken the termination fee of $3.5 million. For more information, please see the section of this proxy statement entitled “ The Divestiture Agreement—Aadi Board of Directors’ Recommendation; Board Recommendation Change.” Termination of the Divestiture Agreement(see page 92) The Divestiture Agreement may be terminated at any time prior to the completion of the Divestiture in the following circumstances:

| • |     | by mutual written agreement of Kaken and Aadi; |

| • |     | by either Kaken or Aadi if: |

| • |     | any of the following occur, which would, in each case, prevent or materially impair the completion of the 
 Divestiture:                                                                                              |

| • |     | any permanent injunction or other final judgment or order (that is not under appeal) has been issued by any court 
 of competent jurisdiction or other legal or regulatory restraint or                                               |

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| prohibition, or any action has been taken by any governmental authority of competent jurisdiction; or |

| • |     | any law is enacted, entered, enforced or applied to the Divestiture, |

except that the right to terminate the Divestiture Agreement under the prior two sub-bulletswill not be available to any party that has failed to use reasonable best efforts to resist, appeal, obtain consent pursuant to, resolve or lift, as applicable, such injunction, judgment, order, restraint, prohibition, action or law;

| • |     | the completion of the Divestiture has not occurred by 11:59 p