Contract
Exhibit 4.20
Affimed GmbH Affimed ▇.▇. ▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Perceptive Credit
Opportunities Fund, LP ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇
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March 29, 2016
Term Facility Agreement dated July 24, 2014
Waiver regarding a Development Milestone (Clause 19.2)
Dear ▇▇. ▇▇▇▇▇▇▇,
We are writing to you on behalf of Affimed GmbH and on behalf of Affimed N.V. As discussed with ▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇, we are contemplating to discuss with you the structure and certain terms of the Term Facility Agreement between Affimed GmbH (formerly Affimed Therapeutics AG, the “Company”) as Borrower, Affimed N.V. as Guarantor and funds managed by Perceptive Advisors LLC – currently Perceptive Credit Opportunities Fund, LP and PCOF Phoenix II Fund, LP – as Lenders, dated July 24, 2014 (as amended from time to time, the “Agreement”). In connection therewith and in order to better reflect the Company’s current development strategy, the Parties might also agree on development milestones other or different than those currently set-out in Schedule 6 to the Agreement.
To allow for sufficient time for the above mentioned discussions, the Lender hereby agrees to waive, up and until September 30, 2016, any rights it may have under Section 21.13 (Events of Default, Other obligations) of the Agreement in connection with 19.2 (Development of Milestones) and Schedule 6, No. 2 of the Agreement. For the avoidance of doubt, all other rights and obligations of the Parties under the Agreement remain unaffected, in particular, but not limited to, the Lender’s rights under Section 21.13 (Events of Default, Other obligations) in case of any non-compliance with any provision of the Finance Documents other than 19.2 (Development of Milestones), Schedule 6, No. 2.
Terms defined in the Agreement have the same meaning in this letter, unless otherwise defined herein. This letter is governed by German law.
| Affimed GmbH | |||
| Affimed N.V. | Phone: ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇ | Bankverbindung: Deutsche Bank | Geschäftsführer der Affimed GmbH: |
| Technologiepark | Fax: ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇ | IBAN DE 5867 2700 0300 1408 0600 | ▇▇. ▇▇▇ ▇▇▇▇▇ |
| Im Neuenheimer ▇▇▇▇ 582 | ▇▇▇.▇▇▇▇▇▇▇.▇▇▇ | BIC ▇▇▇▇▇▇▇▇▇▇▇ | ▇▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ |
| 69120 Heidelberg | E-Mail: ▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ | Sitz der Gesellschaft: Heidelberg | Dr. Jens-▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ |
| Germany | Registergericht: Amtsgericht Mannheim | ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇ | |
| HRB 721206 – ▇▇▇.▇▇.: DE 206700144 | ▇▇. ▇▇▇▇ ▇▇▇▇▇▇▇▇ |
Please return countersigned copies of this letter to Affimed GmbH and to Affimed N.V. at your earliest convenience.
Kind regards
On behalf of Affimed GmbH:
March 29, 2016
Date
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| ▇▇. ▇▇▇ ▇▇▇▇▇ | ▇▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| CEO | CFO |
On behalf of Affimed N.V.
March 29, 2016
Date
| /s/ ▇▇▇ ▇▇▇▇▇ | /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| ▇▇. ▇▇▇ ▇▇▇▇▇ | ▇▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ | |
| CEO | CFO |
| Affimed GmbH | |||
| Affimed N.V. | Phone: ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇ | Bankverbindung: Deutsche Bank | Geschäftsführer der Affimed GmbH: |
| Technologiepark | Fax: ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇ | IBAN DE 5867 2700 0300 1408 0600 | ▇▇. ▇▇▇ ▇▇▇▇▇ |
| Im Neuenheimer ▇▇▇▇ 582 | ▇▇▇.▇▇▇▇▇▇▇.▇▇▇ | BIC ▇▇▇▇▇▇▇▇▇▇▇ | ▇▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ |
| 69120 Heidelberg | E-Mail: ▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ | Sitz der Gesellschaft: Heidelberg | Dr. Jens-▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ |
| Germany | Registergericht: Amtsgericht Mannheim | ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇ | |
| HRB 721206 – ▇▇▇.▇▇.: DE 206700144 | ▇▇. ▇▇▇▇ ▇▇▇▇▇▇▇▇ |
Accepted and Agreed
On behalf of Perceptive Credit Opportunities Fund, LP
And PCOF Phoenix II Fund, LP
March 29, 2016
Date
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▇▇▇▇▇▇ ▇▇▇▇▇▇▇
| Affimed GmbH | |||
| Affimed N.V. | Phone: ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇ | Bankverbindung: Deutsche Bank | Geschäftsführer der Affimed GmbH: |
| Technologiepark | Fax: ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇ | IBAN DE 5867 2700 0300 1408 0600 | ▇▇. ▇▇▇ ▇▇▇▇▇ |
| Im Neuenheimer ▇▇▇▇ 582 | ▇▇▇.▇▇▇▇▇▇▇.▇▇▇ | BIC ▇▇▇▇▇▇▇▇▇▇▇ | ▇▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ |
| 69120 Heidelberg | E-Mail: ▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ | Sitz der Gesellschaft: Heidelberg | Dr. Jens-▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ |
| Germany | Registergericht: Amtsgericht Mannheim | ▇▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇ | |
| HRB 721206 – ▇▇▇.▇▇.: DE 206700144 | ▇▇. ▇▇▇▇ ▇▇▇▇▇▇▇▇ |