Company: WHWK
Filing Date: 2025-01-31
Form Type: DEFM14A
Source: 0001193125-25-018470
Chunk: 114

Company: Whitehawk Therapeutics, Inc.
Filing Date: 2025-01-31
Form: DEFM14A
Chunk 114
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, on the terms and subject to the conditions of the Divestiture Agreement, at the closing, Aadi will sell, assign, transfer, convey and deliver all of the issued and outstanding shares of Aadi Sub to Kaken, and Kaken will purchase all of the issued and outstanding shares of Aadi Sub from Aadi. Purchase Price Adjustments The purchase price of $100 million cash payment is subject to adjustment as follows:

| • |     | an adjustment for cash of Aadi Sub as of the completion of the Divestiture, pursuant to which the amount of cash                                                                                                                           
 will be equal to the difference of (1) the aggregate amount of all cash and cash equivalents (other than restricted cash) of Aadi Sub as of 12:01 a.m. Pacific time on the date of completion of the Divestiture (the “Measurement Time”), 
 minus (2) the amount of any overdrafts and any amounts required to cover checks, wires and similar instruments issued by Aadi Sub which have not cleared as of the Measurement Time;                                                       |

| • |     | an adjustment for indebtedness of Aadi Sub determined and valued as of the Measurement Time in accordance with 
 GAAP in a manner consistent with Aadi’s accounting policies and historical accounting practices;               |

| • |     | an adjustment for certain transaction expenses incurred in connection with the Divestiture; |

| • |     | a working capital adjustment, subject to a dollar range (the “Net Working Capital Range”) from and                                                                                                                                                     
 including $1.6 million (the “Net Working Capital Floor”) to and including $3.14 million (the “Net Working Capital Ceiling”), based on the amount by which the closing working capital of Aadi Sub as of the Measurement Time exceeds                   
 the Net Working Capital Ceiling or based on the amount by which the closing working capital of Aadi Sub as of the Measurement Time is less than the Net Working Capital Floor; provided, that if the closing working capital of Aadi Sub is (1) within 
 the Net Working Capital Range, (2) less than the Net Working Capital Floor, or (3) exceeds the Net Working Capital Ceiling, the working capital adjustment will be $0.                                                                                 |

The cash paid by Kaken at the completion of the Divestiture will be based on estimates of the foregoing amounts and will be subject to customary post-closing true-up. If a payment by Kaken or Aadi is required, such payment will be made within five business days following the date of