NorthWest Biotherapeutics Inc (NWBO)

[sentiment_stocks]

8K out.

Another loan with Iliad Research (this is not the first one - I think it's the third) for 5.5m.

Terms:

Promissory Note Issued for Loan Made By Iliad Research and Trading, L.P.

On August 14, 2020, Northwest Biotherapeutics, Inc. (the “Company”) entered into a Note Purchase Agreement and Note (collectively, the “Note”) with Iliad Research and Trading, L.P. (the “Holder”) in the amount of $5,505,000. The Note has a maturity of 21 months. There are no repayments during the first 7 months of the term. During months 8 through 21, the Note will be amortized in monthly installments of 110% of the pro rata principal amount. Interest on the Note accrues at a rate of 8% per annum, and the Note includes an original issue discount of $500,000.

The Note contains customary default provisions, including provisions for potential acceleration of the Note and default interest.