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

Company: Nyxoah SA
Filing Date: 2025-11-14
Form: 6-K
Chunk 6
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 law applying to companies generally. The Note shall rank at least
pari passu with all other present and future unsecured and unsubordinated liabilities of the Company, except for obligations mandatorily
preferred by law applying to companies generally.

Pursuant to the terms of the Notes, the Company
will covenant to not to incur additional financial indebtedness which is senior in right of payment to the Notes.

Maturity Date; Amortization

The First Tranche Notes will mature on the third
anniversary of their issuance, and the Second Tranche Notes will mature on the third anniversary of their issuance. We are required to
pay, on the Maturity Date, all outstanding principal, together with accrued and unpaid interest.

The Notes will amortize in twelve (12) installments
payable every three (3) months beginning three (3) months after the date of the Private Placement. At the Company’s option, the
Company may make installment payments in cash of 103% of the applicable Amortised Payment Amount (as defined in the Bond Instrument) Alternatively,
the Company may elect to make such Amortised Payment Amount in ordinary shares (the “Amortization Shares”), which will be
priced at the Relevant Share Settlement Price (as defined in the Bond Instrument), which is the lower of (a) the Conversion Price (as
defined in the Bond Instrument) as then in effect and (b) 90% of the Reference Lowest Daily Market Price (as defined in the Bond Instrument)
in respect of the relevant SSO Reference Date (as defined in the Bond Instrument).

Deferral and Advancement of Amortization Payments

Pursuant to the Bond Instrument, the Note Investor
may, on one or more occasions, exercise its right to defer any one or more Amortized Payment Amounts (as defined in the Bond Instrument)
that would be scheduled for payment on an Scheduled Amortization Payment Date (as defined in the Bond Instrument) by giving notice to
the Company at least one business day prior to such Scheduled Amortization Payment Date. The effect of the deferral is that the Amortized
Payment Amount would not be payable on such Scheduled Amortization Payment Date, but instead would become payable on any subsequent Scheduled
Amortization Payment Date as specified in the notice provided to the Company. Additionally, the Note Investor may, on one or more occasions,
exercise its right to bring forward up to two payments of the Amortized Payment Amount in respect of all or some