Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063906
Chunk: 209

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 209
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, covenants or other agreements, which breach or failure to perform (i) would result in the failure of any closing conditions to be satisfied and (ii) is not capable of being cured by the Termination Date or, if capable of being cured by the Termination Date, is not cured by Aptorum or Merger Sub before the 30 thday following receipt of written notice from DiamiR of such breach or failure to perform; provided that DiamiR shall not have the right to terminate if it is then in material breach of any of its representations, warranties, covenants or other agreements; •by written notice from Aptorum to DiamiR, if DiamiR fails to obtain its stockholders approval; •by written notice from DiamiR to Aptorum, if Aptorum fails to obtain the its shareholders approval upon vote taken thereon at a duly convened Special Meeting (or at a meeting of its shareholders following any adjournment or postponement thereof); •by written notice from Aptorum or DiamiR to the other, if the closing shall not have been consummated on or prior to the Termination Date; For purposes of the Merger Agreement, “ Termination Date” means December31, 2025; provided that the Termination Date may be extended if expressly so agreed in writing by Aptorum and DiamiR. 109 In the event that, the Merger Agreement is terminated for reasons other than DiamiR’s breach or failure to perform, and that Aptorum has raised capital by issuance of its equity securities during the Interim Period, Aptorum agrees to pay in cash to DiamiR, a fee in the amount equal to the higher of (i) 70% of cash that Aptorum has as of the date of Termination, and (ii) $2,000,000 (the “Termination Fee”). In the event that the Merger Agreement is terminated and that Aptorum has not raised capital by issuance of its equity securities during the Interim Period, each party agrees to bear its own expenses incurred with the Merger and the related transactions. Directors’ and Officers’ Indemnification and Insurance Under the Merger Agreement, following the Closing, Aptorum shall indemnify and hold harmless, all of its past and present directors and officers (the “Indemnified Parties”) against any costs and expenses (including advancing attorneys’ fees and expenses prior to the final disposition of any actual or threatened claim, suit, proceeding or investigation to each Indem