And the Modifiable Connection Financing, the organization and additionally joined towards the a good (non-binding) letter out-of intention about the modification of specific installment or other terms of the fresh EUR ten,000,000 loan with Kreos Capital VII (UK) Limited (together with the affiliates “Kreos”, and including mortgage the “Kreos Mortgage”)
Additionally, subject to particular conditions, in case of a good Hive-Down of alfapump otherwise DSR providers to your respectively LiverCo otherwise DSRCo if in case the company obtained a prospective security capital or a modifiable otherwise exchangeable financial obligation financial support towards the LiverCo or DSRCo for an amount of about EUR 15 mil and you will EUR seven.5 billion respectively (good “Hive-Down Upcoming Money”), for each Financial get the possibility for its loan repaid (entirely or even in area) in the form of a repayment from inside the type, including a transfer from the Organization towards the relevant Financial from shares approved or to feel awarded from the LiverCo otherwise from the DSRCo. The number of LiverCo otherwise DSRCo offers become transferred tend to end up being equivalent to (i) the appropriate part of the Convertible Connection Mortgage so you’re able to paid down when you look at the kind (inside the prominent and you can attention), divided because of the (ii) the difficulty cost of this new shares which happen to be or usually getting approved from the LiverCo or DSRCo within affair of your potential Hive-Down Coming Resource, without a benefit from 25%.