Form of Amendment to Notes
EXHIBIT 10.6
DELCATH SYSTEMS, INC.
FIRST AMENDMENT TO
8% SENIOR SECURED CONVERTIBLE PROMISSORY NOTES
Issuance Date: June 4, 2018
Date of Amendment: August __, 2018 (Amendment Date)
1. AMENDMENT OF NOTES. The 8% Senior Secured Convertible Promissory Notes Due December 4, 2018 and December 4, 2019 issued by Delcath Systems, Inc. on June 4, 2018 are hereby amended as follows:
(a) the Conversion Price is $1.75;
(b) Company will use 100% of the first $2,500,000 in net proceeds from the Rights Offering and any other equity or convertible financing for which proceeds are received after the Amendment Date (each, a Subsequent Financing), and 50% of all other net proceeds from any Subsequent Financings, to pay the Notes until satisfied in full; and
(c) all interest due under the Notes shall accrued and be payable on the Maturity Date.
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IN WITNESS WHEREOF, the Company has caused this First Amendment to 8% Senior Secured Convertible Promissory Notes to be duly executed as of the Amendment Date set out above.
DELCATH SYSTEMS, INC. | ||
By: | ||
Name: | Jennifer K. Simpson | |
Title: | President and Chief Executive Officer |
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[HOLDER SIGNATURE PAGES TO DELCATH SYSTEMS, INC. FIRST AMENDMENT
TO 8% SENIOR SECURED CONVERTIBLE PROMISSORY NOTES]
IN WITNESS WHEREOF, the undersigned have caused this First Amendment to 8% Senior Secured Convertible Promissory Notes to be duly executed by their respective authorized signatories as of the date first indicated above.
Name of Purchaser: | ||
Signature of Authorized Signatory of Purchaser: |
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Name of Authorized Signatory: |
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Title of Authorized Signatory: |
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DELCATH SYSTEMS, INC.
FIRST AMENDMENT TO
8% SENIOR SECURED CONVERTIBLE PROMISSORY NOTES
Issuance Date: July 20, 2018
Date of Amendment: August __, 2018 (Amendment Date)
1. AMENDMENT OF NOTES. The 8% Senior Secured Convertible Promissory Notes Due January 20, 2019 and January 20, 2020 issued by Delcath Systems, Inc. on July 20, 2018 are hereby amended as follows:
(a) the Conversion Price is $1.75;
(b) Company will use 100% of the first $2,500,000 in net proceeds from the Rights Offering and any other equity or convertible financing for which proceeds are received after the Amendment Date (each, a Subsequent Financing), and 50% of all other net proceeds from any Subsequent Financings, to pay the Notes until satisfied in full; and
(c) all interest due under the Notes shall accrued and be payable on the Maturity Date.
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SIGNATURE PAGES FOLLOW]
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IN WITNESS WHEREOF, the Company has caused this First Amendment to 8% Senior Secured Convertible Promissory Notes to be duly executed as of the Amendment Date set out above.
DELCATH SYSTEMS, INC. | ||
By: | ||
Name: | Jennifer K. Simpson | |
Title: | President and Chief Executive Officer |
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SIGNATURE PAGE FOR HOLDER FOLLOWS]
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[HOLDER SIGNATURE PAGES TO DELCATH SYSTEMS, INC. FIRST AMENDMENT
TO 8% SENIOR SECURED CONVERTIBLE PROMISSORY NOTES]
IN WITNESS WHEREOF, the undersigned have caused this First Amendment to 8% Senior Secured Convertible Promissory Notes to be duly executed by their respective authorized signatories as of the date first indicated above.
Name of Purchaser: | ||
Signature of Authorized Signatory of Purchaser: |
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Name of Authorized Signatory: |
| |
Title of Authorized Signatory: |
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