Letter Agreement for Additional Investment and Loan Conversion between Kurt A. Dasse and GeNO LLC

Summary

This agreement is between Kurt A. Dasse and GeNO LLC. Dasse agrees to provide additional funding to GeNO LLC, which will initially be treated as loans with a 10% annual interest rate. These loans, including accrued interest, will later be converted into equity in GeNO LLC under the same terms as a future equity investment from third parties. The agreement also documents a specific advance of $200,000 and accrued interest, confirming both parties' acceptance of these terms.

EX-4.11 13 d572802dex411.htm EX-4.11 EX-4.11

Exhibit 4.11

June 19, 2013

GeNO LLC

45 First Ave.

Waltham, MA 02451

Re:

Additional Investment in GeNO

Gentlemen:

The undersigned has agreed to provide additional funding to GeNO LLC (“GeNO”) on the terms and conditions applicable to additional equity financing that GeNO plans to seek from third parties (the “New Equity Investment”). It is understood that the terms of the New Equity Investment have not yet been finalized.

Additional funds advanced to GeNO by the undersigned on or after the date hereof shall be treated as loans to GeNO with interest at the rate of ten percent (10%) per year, and the loan balances together with accrued interest, will be converted to equity in GeNO on the terms and conditions of the New Equity Investment at the time that the New Equity Investment is completed.

Please indicate your agreement with the foregoing by signing the enclosed copy of this letter where indicated below and returning it to the undersigned.


Sincerely,

		/s/ Kurt A. Dasse
		Kurt A. Dasse

AGREED:

GENO LLC


By:		/s/ David H. Fine
		David H. Fine, CEO

August 12, 2013