Company: WHWK
Filing Date: 2025-01-31
Form Type: DEFM14A
Source: 0001193125-25-018470
Chunk: 105

Company: Whitehawk Therapeutics, Inc.
Filing Date: 2025-01-31
Form: DEFM14A
Chunk 105
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 certain liabilities that may arise, out of Leerink Partners’ engagement. The terms of the fee arrangement between Leerink Partners
and Aadi, which are customary in transactions of this nature, were negotiated at arm’s length between Leerink Partners and Aadi, and Aadi’s board of directors was aware of the arrangement, including the fact that a significant portion of
the fee payable to Leerink Partners is contingent upon the completion of the Divestiture.

Certain Unaudited Prospective Financial Information

Aadi does not, as a matter of course, develop or publicly disclose long-term projections as to future performance, revenues,
earnings or other results due to, among other reasons, the unpredictability and uncertainty of the underlying assumptions and estimates. However, in connection with its strategic review process, Aadi management provided certain unaudited prospective
financial information for FYARRO in the PEComa indication (such business, the “FYARRO business,” and such financial information, the “FYARRO projections”) to Aadi’s board of directors in connection with its evaluation of the
Divestiture and to representatives of Leerink Partners. The FYARRO projections reflect a risk-adjusted outlook and were based on certain assumptions and other relevant factors relating to the FYARRO business, as further described below.

The FYARRO projections were not prepared with a view toward public disclosure and the summary thereof is included in this proxy statement only because such
information was made available as described above. The FYARRO projections were not prepared with a view toward compliance with U.S. Generally Accepted Accounting Principles (“GAAP”), the published guidelines of the SEC regarding
projections and forward-looking statements, or the guidelines established by the American Institute of Certified Public Accountants for preparation or presentation of prospective financial information. The FYARRO projections included in this
document have been prepared by, and are the responsibility of, Aadi management. BDO USA, P.C., Aadi’s independent registered public accounting firm, has not audited, reviewed, examined, compiled, nor applied agreed-upon procedures with respect
to, the FYARRO projections and, accordingly, BDO USA, P.C. does not express an opinion or any other form of assurance with respect thereto. The FYARRO projections were prepared solely for internal use of Aadi and Leerink Partners and are subjective
in many respects.

Although the FYARRO projections are presented with numerical specificity, they reflect numerous assumptions and estimates as to future
events that Aadi management believed