The OCA contracts were signed with Yorkville Global Master SPV Ltd., which is an investment fund managed by the US management company Yorkville Advisors.

Contract of the 31th of may 2018

Effective Date : 31th may 2018

Potential value of the operation : 5 M€
Equity contribution of 5 M€ in case of full conversion of the Convertibles Notes in Shares

Main features of the Convertibles Notes

  • Convertibles Notes will be released through the exercise of (500) Tranche Warrants issued for free, which force their holder, during a period of 36 months from their issuance, on request of the issuer and provided that all conditions are satisfied, to suscribe a Convertible Note of an amount set by the Issuer
  • Each Tranche Warrants will result in the subscription of a Convertible Note, that could be converted into shares of the Issuer.
  • The Convertible Notes shall have a nominal value of €10,000 each for a subscription price per Note equal to 97.5% of their par value
  • Each Convertible Note shall accrue no interest and will have a Maturity of 12 months from its date of issuance
  • The Company is required to redeem any unconverted Convertible Debt at its Maturity
  • The Convertible Notes will not be admitted to trading on any financial market.
  • Each Note holder may convert all or any of its Notes on any Trading Day of its choice during the Conversion Period, according to a Convertion Price estimated with the following formula : NA = Vn / P
  • With : « NA » : Number of Shares due to the Note holder after conversion ; « Vn » : nominal value of teh convertible note (10 000 €) ; « P » : 90% of the lowest Daily VWAP for the Share of the Issuer (as published by Bloomberg) during the 10 days previous the date of the conversion request (the Pricing Period). It is precised that (i)Pricing Period shall mean the Trading Days during which the Investor (or the relevant Note holder as the case may be) has not sold any Share in the market among the ten (10) consecutive Trading Days expiring on the Trading Day immediately preceding the Conversion Date, (ii) « P » can not be less than the nominal value of the share of the Issuer.

Contract of the 15th of december 2017

 

Effective Date : 15 december 2016

Potential value of the operation : 3 M€
Equity contribution of 3 M€ in case of full conversion of the Convertibles Notes in Shares

Main features of the Convertibles Notes

 

  • Convertibles Notes will be released through the exercise of (300) Tranche Warrants issued for free, which force their holder, during a period of 36 months from their issuance, on request of the issuer and provided that all conditions are satisfied, to suscribe a Convertible Note of an amount set by the Issuer
  • Each Tranche Warrants will result in the subscription of a Convertible Note, that could be converted into shares of the Issuer.
  • The Convertible Notes shall have a nominal value of €10,000 each for a subscription price per Note equal to 97.5% of their par value
  • Each Convertible Note shall accrue no interest and will have a Maturity of 9 months from its date of issuance
  • The Company is required to redeem any unconverted Convertible Debt at its Maturity
  • The Convertible Notes will not be admitted to trading on any financial market.
  • Each Note holder may convert all or any of its Notes on any Trading Day of its choice during the Conversion Period, according to a Convertion Price estimated with the following formula : NA = Vn / P
  • With : « NA » : Number of Shares due to the Note holder after conversion ; « Vn » : nominal value of teh convertible note (10 000 €) ; « P » : 90% of the lowest Daily VWAP for the Share of the Issuer (as published by Bloomberg) during the 10 days previous the date of the conversion request (the Pricing Period). It is precised that (i)Pricing Period shall mean the Trading Days during which the Investor (or the relevant Note holder as the case may be) has not sold any Share in the market among the ten (10) consecutive Trading Days expiring on the Trading Day immediately preceding the Conversion Date, (ii) « P » can not be less than the nominal value of the share of the Issuer.

 

Contract of the 13th of september 2016

 

Effective Date : 13 september 2016
Potential value of the operation : 3 M€
Equity contribution of 3 M€ in case of full conversion of the Convertibles Notes in Shares

Main features of the Convertibles Notes

  • Convertibles Notes will be released through the exercise of (300) Tranche Warrants issued for free, which force their holder, during a period of 36 months from their issuance, on request of the issuer and provided that all conditions are satisfied, to suscribe a Convertible Note of an amount set by the Issuer
  • Each Tranche Warrants will result in the subscription of a Convertible Note, that could be converted into shares of the Issuer.
  • The Convertible Notes shall have a nominal value of €10,000 each for a subscription price per Note equal to 97.5% of their par value
  • Each Convertible Note shall accrue no interest and will have a Maturity of 9 months from its date of issuance
  • The Company is required to redeem any unconverted Convertible Debt at its Maturity
  • The Convertible Notes will not be admitted to trading on any financial market.
  • Each Note holder may convert all or any of its Notes on any Trading Day of its choice during the Conversion Period, according to a Convertion Price estimated with the following formula : NA = Vn / P
  • With : « NA » : Number of Shares due to the Note holder after conversion ; « Vn » : nominal value of teh convertible note (10 000 €) ; « P » : 90% of the lowest Daily VWAP for the Share of the Issuer (as published by Bloomberg) during the 10 days previous the date of the conversion request (the Pricing Period). It is precised that (i)Pricing Period shall mean the Trading Days during which the Investor (or the relevant Note holder as the case may be) has not sold any Share in the market among the ten (10) consecutive Trading Days expiring on the Trading Day immediately preceding the Conversion Date, (ii) « P » can not be less than the nominal value of the share of the Issuer.