• Interest rate: Attract shall still accrue at eleven.5% yearly.
• This new restructuring commission: Upon delivery regarding an amendment and restatement arrangement, a single-of reorganizing fee out-of EUR two hundred,000 is applied to the principal matter a great under the Kreos Mortgage since , which should accrue appeal during the interest rate plus in conformity to the regards to the fresh new Kreos Financing until fees.
• Hive-Down: One Hive-Down might be permitted, however, susceptible to certain consented conditions, along with regarding Kreos’s current first ranks protection total the new assets the organization and its particular subsidiaries, also mental assets.
• Kreos Conversion: Should your Company otherwise DSRCo raises security otherwise a modifiable or exchangeable financing pursuant to help you a Hive-Off Future Financing, EUR step 1,000,000 away from principal number a fantastic beneath the Kreos Financing should be turned into offers otherwise modifiable otherwise exchangeable debt away from DSRCo at mutatis mutandis an equivalent conditions.
• Board observer: An agent out of Kreos would be designated because the a panel observer in this 10 business days away from entryway with the a modification and you may restatement contract.
• Financial covenant: After the satisfaction of your own requirements toward extension of one’s Finally Payment Big date regarding , the company will ensure that they maintains enough cash runway upwards to and you can including .

Because hereof, the newest board regarding directors of your own Team applied the process of Blog post eight:97 of Belgian Businesses and you can Contacts Password in connection with the recognition of Modifiable Bridge Mortgage

The firm and joined on amendments about (i) the latest EUR 4,three hundred,000 partially convertible mortgage having PMV Standaardleningen NV (earlier called PMV/z Leningen NV), (ii) the new EUR 2,000,000 financing which have Belfius Insurance rates NV, and (iii) new EUR eight hundred,000 mortgage having Sensinendments to your these finance consist of (a) a rise of the applicable interest rates under all the associated financing arrangements having 1.0% yearly and you will (b) including a transformation proper allowing all these loan providers to convert all number a great around their mortgage into shares of the Business during the a conversion process price equal to this new arithmetic average of everyday regularity adjusted mediocre change price each display of one’s Business’s offers replaced on Euronext Brussels over the course of thirty (30) straight trading days finish towards (and you may in addition to) the 3rd trading day until the date about what the company has had the brand new equity conversion take action find, without a savings away from 25%.

The following info is given pursuant so you can Article eight:97, 4/hands down the Belgian Organizations and you may Connections Code regarding the the latest Modifiable Bridge Mortgage supplied of the Partners inside Security, EQT, GRAC and you can Rosetta Financial support into Organization

Couples for the Equity, EQT and you may Rosetta Funding was investors of your Business and are generally depicted into the board out of directors of the Team. Consequently, every one of them is considered as good “related group” in the meaning of the fresh new All over the world Monetary Reporting Criteria, due to the fact used by European union (IFRS), since the labeled from inside the Article seven:97 of your Belgian People and you can Connections Password. Ids van der Weij (a director, representing People during the Equity), Rudy Dekeyser (a manager, symbolizing EQT) and you can Kenneth Macleod (a director, representing Rosetta Money) did not be involved in the latest deliberation and voting from the board from directors with regards to the latest recognition of the getting into of your own associated financing agreements.

Inside framework of your the second process, prior to this statement in addition to finalizing of one’s Convertible Link Mortgage paperwork, a committee away from three separate directors of one’s Team (new “Committee”) issued a suggestion for the panel of directors where in actuality the Committee reviewed the brand new stepping into of your own Modifiable Link Loan.