Company: APM
Filing Date: 2025-07-15
Form Type: DRS
Source: 0001213900-25-063899
Chunk: 28

Company: Aptorum Group Ltd
Filing Date: 2025-07-15
Form: DRS
Chunk 28
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the “Observer”) to the Board of Combined Company upon closing of the DiamiR
Merger until the earliest of (i) two (2) years from the date thereof, (ii) the Observer’s death, disability, retirement
or resignation or (iii) such time as may be determined by a majority of the directors of Combined Company who are Primary Stockholder
Designees.

Furthermore, so long as the
DiamiR Stockholder Beneficial Ownership is no less 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.

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.

Management of the Combined Company

Please refer to “Management
– Management Following Merger” for more details.

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Cash Transfers and Dividend Distribution Our management is directly supervising cash management. Our finance department is responsible for establishing the cash management policies and procedures among our departments and the operating entities. Majority of the cash are managed by Aptorum. Each department or operating entity initiates a cash request by putting forward a payment requisition form, which explains the specific amount and timing of cash requested, and submitting it to designated management members of our Company, based on the amount and the nature of payment. The designated management member examines and approves the cash transfer based on the sources of cash and the priorities of the needs, and submit it to the cashier specialists of our finance department for a second review. Other than the above, we currently do not have