|Convertible Note Agreement | AC Immune SA, 11 December 2018||3/23|
||Transfers or Assignments
is a Swiss stock corporation (société anonyme) registered under the registration
number CHE-109.878.825. The Borrower has an issued share capital of CHF 1’347’253.80,
divided into 67’362’690 registered shares, each with a nominal value of CHF
0.02 and fully paid-in (the “Shares”).|
Lender intends to support the continuation of the Borrower’s business activity
by granting to the Borrower a convertible loan, subject to the terms and conditions of
this Note Agreement.|
not defined otherwise in this Note Agreement, capitalized terms used in this Note Agreement shall have the meaning ascribed to
them in Annex 1.
to the terms and conditions of this Note Agreement, the Lender hereby makes a convertible loan (the “Loan”) to the
Borrower in the amount of USD 50’000’000.00 (fifty million U.S. Dollars).
Lender shall fund the entire amount of the Loan within three Business Days following the License Agreement Effective Date (as
defined below)(the occurrence of the payment, the “Closing” and the date of such occurrence, the “Closing Date”)
to the following bank account:
holder: AC Immune SA, EPFL Innovation Park, Building B, CH-1015 Lausanne, Switzerland
Credit Suisse (Switzerland) Ltd.
of Bank: Paradeplatz 8, 8001 Zurich, Switzerland