Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 431

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 431
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1933, as amended, or the Securities Act, may be permitted to our directors, officers
or persons controlling us under the foregoing provisions, we have been informed that in the opinion of the Securities and Exchange Commission,
or the SEC, such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

Item 7. Recent Sales of Unregistered Securities.

During the past three years,
we have issued the following securities. We believe that each of the following issuances was exempt from registration under Section 4(a)(2)
of the Securities Act regarding transactions not involving a public offering and/or Regulation S promulgated thereunder regarding offshore
offers and sales.

For the year ended December
31, 2022, the Group issued 6,712 Class A Ordinary Shares to share option holders as a result of exercise of share options. For the year
ended December 31, 2021, the Group issued 4,000 and 19,016 Class A Ordinary Shares to warrant holders and share option holders respectively
as a result of exercise of warrants or options. For the year ended December 31, 2020, the Group issued 31,351 and 1,233 Class A Ordinary
Shares to warrant holders and share option holders respectively as a result of exercise of warrants or options.

On December 9, 2022, the Group
entered into a Securities Purchase Agreement (the “Agreement”) with Aenco Technologies Ltd (“Note holder”). Pursuant
to the Agreement, the Note holder is purchasing a convertible note in the original principal amount of $3,000,000 (the “Note”).
The Note is unsecured, convertible into the Company’s restricted Class A Ordinary Shares at the Note holder option. The Notes will
have a maturity date of 12 months subject to the Note holder’s extension, a bullet interest rate of 7% per annum, and a conversion
price of $12.0 per Class A Ordinary share. The Company shall have an obligation to repay the principal amount and interest of the Note
on the maturity date in cash or in unregistered Class A Ordinary Shares or a combination of such at the Company’s discretion. In
April 2023, the convertible note was sold to third parties and was fully converted into 250,000 Class A Ordinary Shares.

On June 28, 2023, the Company
entered into a securities purchase agreement with 4 investors. Pursuant to the securities purchase agreement, the investors are