Company: WHWK
Filing Date: 2025-01-31
Form Type: DEFM14A
Source: 0001193125-25-018470
Chunk: 135

Company: Whitehawk Therapeutics, Inc.
Filing Date: 2025-01-31
Form: DEFM14A
Chunk 135
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 Divestiture Agreement for losses under the Divestiture Agreement are (1) the recovery of 50% of the amount of such losses from Aadi until the indemnified parties under the Divestiture Agreement have recovered from Aadi with respect to indemnification claims an amount equal to 50% of retention amount, which is equal to $600,000 (the “Retention Amount”), and (2) resorting to the insurance coverage under the RWI Policy. Any indemnification for losses under the Divestiture Agreement will be net of the amount of any insurance proceeds actually received by the applicable indemnified party with respect to such losses, reduced by the amount of any increase in premium or other expense incurred by such indemnified party in connection with or resulting from pursuing or obtaining such insurance proceeds. Kaken has also agreed to not make any amendment, modification, revision or waiver of any provision of the RWI Policy that would materially and adversely impact or affect Aadi without Aadi’s prior written consent. Without limiting any rights of Kaken or the other indemnified parties under the RWI Policy, no indemnified party under the Divestiture Agreement is entitled to be indemnified for any punitive damages under the Divestiture Agreement except to the extent that such indemnified party will be or has become obligated to pay such punitive damages to any other person. Aadi will not be liable to any indemnified party with respect to losses (1) relating to any taxes directly relating to actions outside the ordinary course of business taken by Kaken or any indemnified party under the Divestiture Agreement (including Aadi Sub after the completion of the Divestiture) at any time on the date of completion of the Divestiture after the completion of the Divestiture, or (2) arising as a result of any election with respect to taxes made after the completion of the Divestiture. - 90 -

Aadi’s indemnification obligations are subject to certain limitations, including a cap equal to $5 million for losses relating to any inaccuracy in or breach of any representation or warranty or losses relating to certain policy exclusions under the RWI Policy. Conditions to the Completion of the Divestiture The respective obligations of Kaken, Aadi and Aadi Sub, as applicable, to complete the Divestiture are subject to the satisfaction or waiver (where permitted by applicable law) at or prior to the completion of the Divestiture of certain conditions, including the following:

| • |     | the approval of the Divestiture Agreement and