Company: WHWK
Filing Date: 2025-01-21
Form Type: PREM14A
Source: 0001193125-25-009599
Chunk: 89

Company: Whitehawk Therapeutics, Inc.
Filing Date: 2025-01-21
Form: PREM14A
Chunk 89
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 party agreements.

On December 14, 2024, representatives of McDermott shared with representatives of Wilson Sonsini a draft of the escrow agreement.

On December 15, 2024, representatives of McDermott delivered to representatives of Wilson Sonsini a revised draft of the Divestiture Agreement. Among
other things, the revised draft of the Divestiture Agreement proposed a termination fee equal to $4.5 million, and an escrow fund equal to $6.375 million. The revised draft also contemplated that Kaken would procure a RWI policy.

On December 16, 2024, representatives of Leerink Partners, Nomura, Wilson Sonsini and McDermott met via videoconference to discuss open issues regarding
the Divestiture Agreement and related process and timing. The parties also discussed the Support Agreements and potential signatories.

On
December 16, 2024, Dr. Lennon and the Bidder B CEO held a telephone call to discuss the Bidder B APA and related status and timing. On the call, Dr. Lennon explained that Aadi was close to announcing a deal with another bidder and
that Bidder B was running out of time to improve its proposal and reconsider the closing conditions. On that same day, representatives of Leerink Partners delivered a similar message to other Bidder B representatives.

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On December 17, 2024, representatives of Wilson Sonsini provided to representatives of McDermott a revised draft of the Divestiture Agreement. Among other things, the revised draft of the Divestiture Agreement proposed a termination fee equal to $3 million, and provided that Kaken Parent either be a party to the Divestiture Agreement or provide a guarantee of its subsidiary’s obligations thereunder. On that same day, representatives of McDermott provided to representatives of Wilson Sonsini a revised draft of the Divestiture Agreement, which included a guarantee to Aadi of the payment obligations of Kaken under the Divestiture Agreement by Kaken Parent, and representatives of Wilson Sonsini and McDermott met via videoconference to discuss open issues regarding the Divestiture Agreement. Among other things, representatives of McDermott proposed a termination fee equal to $3.5 million; a provision that the termination fee would be payable in the event that Aadi stockholders fail to approve the Divestiture Agreement and also fail to approve other matters to be set forth in this proxy statement; and an escrow fund of $6.375 million, provided