Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 20

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 20
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 than 25%, the Combined Company should obtain prior written approval from the DiamiR
Primary Stockholder Parties for certain significant corporate actions, including but not limited to (i) voluntary dissolution, winding
up or bankruptcy of the Combined Company or any significant subsidiary of it; (ii) issuance of common stock or securities convertible
into the shares of common stock representing more than 10% of the outstanding shares of the Combined Company in a six-month period; (iii) any
amendment to the governing documents of the Combined Company that will adversely affect the Primary Stockholder Designee, or the Combined
Company’s ability to fulfill its obligations under the Stockholders Agreement; (iv) any acquisition, sale of assets, merger,
amalgamation nor consolidation transactions; and (v) replacement of the CEO or CFO of the Combined Company.

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If, at any time that the DiamiR Stockholder Beneficial Ownership is less than 25%, the Primary Stockholder Parties shall no longer have any right to designate any nominee for election to the Board of the Combined Company, or have the right to veto on the significant corporate actions as set forth in the Stockholders Agreement. Pursuant to the Merger Agreement, the Company will file a proxy/registration statement on Form S-4 shortly following the execution of the Merger Agreement to solicit shareholders’ approval for the Merger Agreement and the consummation of the transactions contemplated therein, including DiamiR Merger and Domestication. Ian Huen, our Chairman and CEO, who beneficially owns 87.17% of the Company’s total voting power, signed a voting agreement simultaneously with the execution of the Merger Agreement, pursuant to which he agreed to vote in favor of the transactions contemplated in the Merger Agreement and as described in the Form S-4. The obligations of the parties (or, in some cases, some of the parties) to consummate the DiamiR Merger will be subject to the satisfaction or waiver of customary conditions to closing, including, among other things:

| ● | the approval of the Domestication Proposal and the completion                                                                           
 of the Domestication;                                                                                                                   |
| ● | the approval of the Nasdaq Stock Issuance Proposal;                                                                                     |
| ● | the conversion of all outstanding convertible debt of Aptorum                                                                           
 and of DiamiR;                                                                                                                          |
| ● | the completion of review by Nasdaq of Aptorum’s listing                                                                                 
 of additional securities application for the shares to be issued