Loan Agreement Between Baker Brothers Life Sciences, L.P., 667, L.P., and Baker Bros. Advisors LP
Exhibit 99.1
Loan Agreement Between Xxxxx Brothers Life Sciences, L.P., 667, L.P., and Xxxxx Bros. Advisors LP
For value received, Xxxxx Bros Advisors LP (the “Management Company”) promises to pay Xxxxx Brothers Life Sciences, L.P., and 667, L.P., (collectively “The Funds”), the amounts set forth in Schedule A below, payable on the Due Date (as defined below) with interest payable through the Due Date at a rate of 2.75% annually.
The Funds are lending the Management Company these amounts so that Xxxxxxx Xxxxxx, as agent of the Management Company, may acquire 7,000 DBV Technologies S.A. (“DBV”) Director’s Warrants at EUR 6.98 per warrant (the “Warrants”). The Warrants will be held at Banque Transatlantique and are exercisable for 1 ordinary share of DBV at an exercise price equal to EUR 69.75 (“Shares”). The resulting Shares received from any exercise of the Warrants will be deposited into Xxxxxxx Xxxxxx’x brokerage account held at JPMorgan.
The “Due Date” shall be January 27, 2047, however, following the sale by Xxxxxxx Xxxxxx of all of the Shares, the Due Date shall accelerate to the date that is 10 days after date of the last sale of Shares.
This Loan Agreement shall be construed in accordance with the laws of the State of New York.
Xxxxx Bros. Advisors LP
| By: | /s/ Xxxxx X. Xxxxxxx |
Xxxxx Xxxxxxx
President
667, L.P.
By: Xxxxx Bros. Advisors LP, management company and investment adviser to 667, L.P., pursuant to authority granted to it by Xxxxx Biotech Capital, L.P., general partner to 667, L.P., and not as the general partner.
| By: | /s/ Xxxxx X. Xxxxxxx |
Xxxxx Xxxxxxx
President
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XXXXX BROTHERS LIFE SCIENCES, L.P.
By: XXXXX BROS. ADVISORS LP, , management company and investment adviser to Xxxxx Brothers Life Sciences, L.P., pursuant to authority granted to it by Xxxxx Brothers Life Sciences Capital, L.P., general partner to Xxxxx Brothers Life Sciences, L.P., and not as the general partner.
| By: | /s/ Xxxxx X. Xxxxxxx |
Xxxxx Xxxxxxx
President
Schedule A
| Xxxxx Brothers | ||||||||||||
| Fund | 667, L.P. | Life Sciences, L.P. | Total | |||||||||
| Warrants | 588 | 6412 | 7000 | |||||||||
| Loan | € | 4,104.24 | € | 44,755.76 | € | 48,860.00 | ||||||
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