Company: SMNR
Filing Date: 2025-08-22
Form Type: DEFA14A
Source: 0001213900-25-079507
Chunk: 44

Company: Semnur Pharmaceuticals, Inc.
Filing Date: 2025-08-22
Form: DEFA14A
Chunk 44
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 with the obligations of any other Buyer, and no Buyer shall be responsible in any way for the performance of the obligations of any other Buyer under any Transaction Document. Nothing contained herein or in any other Transaction Document, and no action taken by any Buyer pursuant hereto or thereto, shall be deemed to constitute the Buyers as, and each of Semnur and Denali acknowledges that the Buyers do not so constitute, a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Buyers are in any way acting in concert or as a group, and neither Semnur nor Denali shall assert any such claim with respect to such obligations or the transactions contemplated by the Transaction Documents and each of Semnur and Denali acknowledges that the Buyers are not acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Documents. Each of Semnur and Denali acknowledges and each Buyer confirms that it has independently participated in the negotiation of the transaction contemplated hereby with the advice of its own counsel and advisors. Each Buyer shall be entitled to independently protect and enforce its rights, including, without limitation, the rights arising out of this Agreement or out of any other Transaction Documents, and it shall not be necessary for any other Buyer to be joined as an additional party in any proceeding for such purpose.

<div align='center'>[Signature Page Follows]

26</div>

IN WITNESS WHEREOF,each Buyer, Semnur and Denali have caused their respective signature page to this Securities Purchase Agreement to be duly executed as of the date first written above.

| SEMNUR PHARMACEUTICALS, INC. |                 |                   |
| By:                          | /s/ Jaisim Shah |                   |
|                              | Name:           | Jaisim            
 Shah              |
|                              | Title:          | Chief             
 Executive Officer |

| DENALI CAPITAL ACQUISITION CORP. |               |                   |
| By:                              | /s/ Lei Huang |                   |
|                                  | Name:         | Lei               
 Huang             |
|                                  | Title:        | Chief             
 Executive Officer |

<div align='center'>[Signature Page to Securities Purchase Agreement]</div>

IN WITNESS WHEREOF,each Buyer, Semnur and Denali have caused their respective signature page to this Securities Purchase Agreement to be duly executed as of the date first written above.

| BUYERS:                       |              |          |
| JW Capital Securities Limited |              |