Company: NYXH
Filing Date: 2025-11-14
Form Type: 6-K
Source: 0001104659-25-111616
Chunk: 9

Company: Nyxoah SA
Filing Date: 2025-11-14
Form: 6-K
Chunk 9
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) of the Notes.

Covenants

The Notes contain a variety of obligations on
the Company’s part to not engage in specific activities, which are typical for transactions of this type, including the following
covenants:

| · | The                                                                                                                                      
 Company and its subsidiaries will not (directly or indirectly) create or permit to subsist any mortgage, charge, pledge, lien or other   
 security interest securing any obligation of any person or any other agreement or arrangement having a similar effect (a “Security       
 Interest”) without securing the obligations of the Company under the Notes equally ratable therewith or providing other security,        
 guarantees or arrangements for the benefit of the Note holders as may be approved by holders of at least 90 per cent in principal amount 
 of the Note then outstanding, with the exception of certain permitted Security Interests described in the Notes;                         |

| · | The                                                                                                                                             
 Company and its subsidiaries will not (directly or indirectly) create, incur, assume or otherwise become liable in respect of any financial     
 indebtedness which (i) by their terms carry rights of conversion into, or exchange or subscription for, or the right to otherwise acquire,      
 ordinary shares of the Company or its subsidiaries, (ii) by their terms limit or prohibit any of the terms of the Notes, including any          
 prohibition of payment of cash pursuant to the notes, any limitation on the ability of the Notes Investor to exercise its conversion            
 rights with respect to the Notes or any limitation on the ability of the Company to deliver ordinary shares in respect of any share settlement, 
 and (iii) by their terms would rank senior to the Notes in right of payment;                                                                    |

| · | The                                                                                                                                    
 Company and its subsidiaries will not enter into a transaction or series of transactions to sell, lease, transfer or otherwise dispose 
 of assets or enter into any amalgamation, demerger, merger, consolidation or corporate reconstruction, subject to certain exceptions;  |

| · | The                                                                                                                                          
 Company and its subsidiaries will not enter into any transactions with affiliates, unless on terms that could be obtained in an arm’s-length 
 transaction;                                                                                                                                 |

| · | The                                                                                                                               
 Company and its subsidiaries will not cause or permit to exist any consensual encumbrance or restriction on the Company’s ability 
 to perform and comply with its obligations under the Notes;                                                                       |

| · | The                                                                                                                                       
 Company will use its best efforts to, among other things, ensure that any Change of Control Resolutions are presented to the shareholders 
 before the