Company: APM
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001213900-25-037669
Chunk: 186

Company: Aptorum Group Ltd
Filing Date: 2025-04-30
Form: 20-F
Item: Item 6
Chunk 186
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 of funds from the Line of Credit that may be outstanding at any time under the Line of Credit (the “ Principal Indebtedness”).
ATL may draw down from the Line of Credit at any time through the day immediately preceding the third anniversary of the Effective Date
(the “ Maturity Date”). As of the date of this annual report, the Jurchen Agreement is matured, and the maturity of Aeneas
Group Limited Agreement is extended for additional three years and will be matured on August 12, 2025. Interest is payable on the outstanding
Principal Indebtedness at the rate of eight percent (8%) per annum, payable semi-annually in arrears on February 12 and August 12 in each
year. ATL may pre-pay in whole or in part, the Principal Indebtedness of the Line of Credit, and all interest accrued at any time prior
to the Maturity Date, without penalty. Under the Agreements, in addition to certain standard covenants, we are also not permitted, without
the prior written consent of Aeneas Group and Jurchen to (i) liquidate, dissolve or wind-up our business and affairs; (ii) effect any
merger or consolidation transaction; (iii) sell, lease, transfer, license or otherwise dispose, in a single transaction or series of related
transactions, all or substantially all of our assets; or (iv) consent to any of the foregoing. The Agreements are subject to standard
events of default, which if not cured within the agreed upon cure period, permits Aeneas Group Limited or Jurchen, as applicable, to declare
the outstanding Principal Indebtedness immediately due and payable, to exercise any other remedy provided for in the Agreements or any
other right available to Aeneas Group Limited or Jurchen as provided at law or in equity. Jurchen and Aeanas Group Limited also maintain
the right to set-off during the term of the Agreements. As of the date of this annual report, the Company has not drawn down from the
Line of Credit.

On January 13, 2022, the Group
entered a line of credit facility with Libra to provide up to a total $1 million in line of credit debt financing for its daily operation
The line of credit is originally matured on January 12, 2023, and is extended for additional 3 years. The interest on the outstanding
principal indebted