Along with the Convertible Link Financing, the business and joined to your a good (non-binding) page off purpose in terms of new amendment away from particular fees or any other regards to the new EUR 10,000,000 mortgage that have Kreos Capital VII (UK) Limited (also their associates “Kreos”, and you can such mortgage this new “Kreos Financing”)

While doing so loan in Highland Lake AL, susceptible to particular standards, in case there are an effective Hive-Down of your own alfapump or DSR organization towards respectively LiverCo or DSRCo and in case the organization obtained a potential guarantee investment or a modifiable otherwise exchangeable financial obligation resource to the LiverCo or DSRCo for some at the very least EUR 15 billion and you can EUR eight.5 billion respectively (an effective “Hive-Down Upcoming Funding”), per Bank can get the option getting the loan paid down (entirely or even in part) in the shape of a fees within the kind, consisting of a move by the Providers into the associated Lender out-of shares awarded or perhaps to end up being awarded of the LiverCo otherwise of the DSRCo. The number of LiverCo otherwise DSRCo shares to get transferred have a tendency to become equal to (i) the relevant part of the Convertible Connection Financing so you can paid off when you look at the form (during the prominent and attract), split up by (ii) the situation cost of the brand new shares being or usually feel granted by LiverCo or DSRCo from the celebration of your potential Hive-Off Future Financial support, without a benefit off twenty five%.

Unless of course the new Convertible Bridge Financing could have been converted or paid off within the kind while the aforementioned, the particular money of any Lender must be paid down inside the profit matter-of standard or upon consult subject to earlier find, provided, but not, you to an installment consult may only exists with the or immediately after: (A) brand new after off (x) brand new date losing 1 year following day about what the newest Hive-Down of one’s alfapump team and DSR business and also the Hive-Off Upcoming Investments have been finished; and you can (y) the newest big date falling 2 yrs after the big date of Modifiable Bridge Mortgage Arrangement; otherwise (B) the latest day shedding around three (3) months following day about what the company while the Lenders would dictate, in good-faith, that nothing of your own potential Hive-Lows is reasonably planning to can be found.

In case of conversion process or repayment in kind, the minimum amount to become converted for brand new shares or a great the convertible mortgage tend to anyway be considered become 10% of the aggregate initially principal amount of the new finance provided with the relevant Financial (minus one combined and accumulated interest with started repaid, converted or paid-in form towards related financial).

This new arises from the loan could be always finance general working-capital standards (along with, in place of limit, the latest implementation of the relevant preparatory strategies when it comes to each Hive-Down)

• Payment holiday: All the money necessary for the business in Kreos Mortgage (and additionally each other financing and desire money) is delay up to (the fresh “Fee Resumption Time”). For the Percentage Resumption Go out, money will resume for the money in full given that month-to-month costs of dominant and you will notice into final fees big date regarding (the brand new “Final Cost Day”), at the mercy of people extension with the Final Payment Big date. In the event the the organization cannot receive at the very least EUR 3,000,000 when you look at the bucks (we.e., another tranche of your Convertible Connection Loan), or out-of a 3rd party into drastically similar conditions and no even worse financial terms once the Modifiable Link Loan Contract, of the zero after than simply 4:00 p.meters. to the , you will see a conference away from default under the Kreos Mortgage. The final Cost Big date can, susceptible to particular requirements, be longer so you can .