Company: RDPTF
Filing Date: 2025-09-18
Form Type: 20-F
Source: 0001213900-25-088699
Chunk: 36

Company: Radiopharm Theranostics Ltd
Filing Date: 2025-09-18
Form: 20-F
Item: Item 3
Chunk 36
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 jurisdiction
of such courts in any such suit, action or proceeding. However, there is uncertainty as to whether a court outside of New York state would
enforce such provision of the Deposit Agreement.

Thus, the exclusive jurisdiction
and arbitration clauses in the deposit agreement could adversely affect an ADS holder’s ability to file a claim against us or the
depositary for any claim connected with the deposit agreement, including claims under the Securities Act and Exchange Act, in particular
by increasing the costs of filing such claim or preventing ADS holders from bringing a claim in a favorable venue. However, by agreeing
to such jurisdiction and arbitration provisions, investors in the ADSs will not be deemed to have waived Radiopharm’s or the Depositary’s
compliance with the U. S. federal securities laws and the rules and regulations thereunder.

Risks Relating to Our Location in Australia

Australian takeover laws may discourage
takeover offers being made for us or may discourage the acquisition of large numbers of our shares.

Radiopharm is
incorporated in Australia and is subject to the takeover laws of Australia, including the Corporations Act 2001 (Commonwealth of
Australia). Subject to a range of exceptions, the Corporations Act prohibits the acquisition of a direct or indirect interest in our
issued voting shares (including through the acquisition of ADSs) if the acquisition of that interest will lead to a person’s
or someone else’s voting power in us increasing from 20% or below to more than 20% or increasing from a starting point that is
above 20% and below 90%. Exceptions to the general prohibition include circumstances where the person makes a formal takeover bid
for us, if the person obtains shareholder approval for the acquisition or if the person acquires less than 3% of the voting power of
us in any rolling six-month period. Australian takeover laws may discourage takeover offers being made for us or may discourage the
acquisition of large numbers of our shares.

Holders of our ordinary shares or ADSs may have difficulty in
effecting service of process in the United States or enforcing judgments obtained in the United States.

Holders of our ordinary shares or ADSs may have
difficulties enforcing, in actions brought in courts in jurisdictions located outside the U. S., liabilities under U. S. securities laws.
In particular, if such a holder sought to bring proceedings in Australia based on U. S. securities laws, the Australian court might consider:

  that it did not have jurisdiction;