Document:

Exhibit 10.19

 

PROMISSORY NOTE

 

	
U.S.   $225,000.00
    	
Ames, Iowa
    	
May 2, 2008
    

 

FOR VALUE RECEIVED, the undersigned, Charles J. Link (LINK), whose address is 14137 South Shore Drive, Clive, IA 50325, promises to pay, without set off, deduction or counterclaim of any kind or nature to NewLink Genetics Corporation (NEWLINK), whose address is 2901 South Loop Drive, Suite 3900, Ames, IA 50010, as Payee, or Holder, at the address of Payee or Holder listed in this Note, the principal sum of two-hundred and twenty-five thousand Dollars ($225,000.00).

 

The unpaid principal of this promissory note shall bear simple interest at the rate of six percent (6.00%) per annum.  Interest shall be calculated based on the principal balance outstanding as may be adjusted from time to time.  Interest on the unpaid balance of this Note shall accrue monthly but shall not be due and payable until such time as when the principal balance of this Note becomes due and payable.  The principal balance of this Promissory Note shall be due and payable on May 1, 2009.  There shall be no penalty for early repayment of all or any part of the principal.

 

LINK and all endorsers now or in the future becoming parties to this promissory note jointly and severally waive presentment and demand for payment, notice of dishonor, protest, and notice of protest of this promissory note.

 

LINK agrees to pay all costs and expenses of collection incurred by Payee or Holder of this promissory note, in or out of Court, including without limitation, Court related costs and expenses and reasonable attorneys’ fees and disbursements (including such costs, fees, and disbursements incurred on appeal of any litigation).  No extension of time for payment of this note payable and no alteration, amendment, or waiver of any provision of this note payable shall release, discharge, modify, change, or affect the liability of LINK under this promissory note.

 

No delay by Payee or Holder in enforcing any covenant or right under this line of credit shall be deemed a waiver of any covenant or right, and no waiver by Payee or Holder of any particular provision of this promissory note shall be deemed a waiver of any other provision or a continuing waiver of any particular provision, and except as so expressly waived in writing, all provisions shall continue in full force and effect.

 

This PROMISSORY NOTE shall be construed and enforced according to the laws of the State of Iowa.

 

Whenever used in this PROMISSORY NOTE, the terms “Holder”, “LINK”, “NEWLINK”, and “Payee” shall be construed in the singular or plurals as the context may require.

 

	
Charles   J. Link
    	
 
    	
NewLink   Genetics Corporation
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
/s/   Charles J. Link 
    	
 
    	
/s/   Carl Langren 
    
	
Charles   J. Link
    	
 
    	
Carl   Langren, ControllerExhibit 10.20

 

PROMISSORY NOTE

 

	
$31,500.00
    	
April 18, 2000
    

 

FOR VALUE RECEIVED, the undersigned hereby unconditionally promises to pay to the order of NewLink Genetics Corporation a Delaware corporation (the “Company”), at Iowa State University Research Park, 2901 South Loop Drive, Suite 3500, Ames, Iowa, 50010, or at such other place as the holder hereof may designate in writing, in lawful money of the United States of America and in immediately available funds, the principal sum of Thirty-one thousand and five hundred Dollars ($31,500.00) together with interest accrued from the date hereof on the unpaid principal at the rate of 6.71% per annum, or the maximum rate permissible by law (which under the laws of the State of Iowa shall be deemed to be the laws relating to permissible rates of interest on commercial loans), whichever is less, as follows:

 

Principal Repayment.  The outstanding principal amount hereunder shall be due and payable in full on April 18, 2005

 

Interest Payments.  Interest shall be payable annually in arrears and shall be calculated on the basis of a 360-day year for the actual number of days elapsed

 

provided, however, that in the event that the undersigned’s employment by or association with the Company is terminated for any reason prior to payment in full of this Note, this Note shall be accelerated and all remaining unpaid principal and interest shall become due and payable immediately after such termination.

 

If the undersigned fails to pay any of the principal and accrued interest when due, the Company, at its sole option, shall have the right to accelerate this Note, in which event the entire principal balance and all accrued interest shall become immediately due and payable, and immediately collectible by the Company pursuant to applicable law.

 

This Note may be prepaid at any time without penalty.  All money paid toward the satisfaction of this Note shall be applied first to the payment of interest as required hereunder and then to the retirement of the principal.

 

The full amount of this Note is secured by a pledge of shares of Common Stock of the Company, and is subject to all of the terms and provisions of the Founder Stock Purchase Agreement and the Pledge Agreement, each of even date herewith between the undersigned and the Company.

 

The undersigned hereby represents and agrees that the amounts due under this Note are not consumer debt, and are not incurred primarily for personal, family or household purposes, but are for business and commercial purposes only.

 

1

 

The undersigned hereby waives presentment, protest and notice of protest, demand for payment, notice of dishonor and all other notices or demands in connection with the delivery, acceptance, performance, default or endorsement of this Note.

 

The holder hereof shall be entitled to recover, and the undersigned agrees to pay when incurred, all costs and expenses of collection of this Note, including without limitation, reasonable attorneys’ fees.

 

This Note shall be governed by, and construed, enforced and interpreted in accordance with, the laws of the State of Iowa, excluding conflict of laws principles that would cause the application of laws of any other jurisdiction.

 

	
 
    	
Signed   
    	
/s/   Nicholas N. Vahanian
    

 

2Exhibit 10.21

 

PROMISSORY NOTE

 

	
U.S.   $125,000.00
    	
Ames, Iowa
    	
August 20, 2008
    

 

FOR VALUE RECEIVED, the undersigned, Nicholas N. Vahanian (VAHANIAN), whose address is 9654 NW 47th Court, Polk City, IA 50266, promises to pay, without set off, deduction or counterclaim of any kind or nature to NewLink Genetics Corporation (NEWLINK), whose address is 2901 South Loop Drive, Suite 3900, Ames, IA 50010, as Payee, or Holder, at the address of Payee or Holder listed in this Note, the principal sum of one-hundred and twenty-five thousand Dollars ($125,000.00).

 

The unpaid principal of this promissory note shall bear simple interest at the rate of six percent (6.00%) per annum.  Interest shall be calculated based on the principal balance outstanding as may be adjusted from time to time.  Interest on the unpaid balance of this Note shall accrue monthly but shall not be due and payable until such time as when the principal balance of this Note becomes due and payable.  The principal balance of this Promissory Note shall be due and payable on March 1, 2009.  There shall be no penalty for early repayment of all or any part of the principal.

 

VAHANIAN and all endorsers now or in the future becoming parties to this promissory note jointly and severally waive presentment and demand for payment, notice of dishonor, protest, and notice of protest of this promissory note.

 

VAHANIAN agrees to pay all costs and expenses of collection incurred by Payee or Holder of this promissory note, in or out of Court, including without limitation, Court related costs and expenses and reasonable attorneys’ fees and disbursements (including such costs, fees, and disbursements incurred on appeal of any litigation).  No extension of time for payment of this note payable and no alteration, amendment, or waiver of any provision of this note payable shall release, discharge, modify, change, or affect the liability of VAHANIAN under this promissory note.

 

No delay by Payee or Holder in enforcing any covenant or right under this line of credit shall be deemed a waiver of any covenant or right, and no waiver by Payee or Holder of any particular provision of this promissory note shall be deemed a waiver of any other provision or a continuing waiver of any particular provision, and except as so expressly waived in writing, all provisions shall continue in full force and effect.

 

This PROMISSORY NOTE shall be construed and enforced according to the laws of the State of Iowa.

 

Whenever used in this PROMISSORY NOTE, the terms “Holder”, “VAHANIAN”, “NEWLINK”, and “Payee” shall be construed in the singular or plurals as the context may require.

 

	
Nicholas   N. Vahanian
    	
 
    	
NewLink   Genetics Corporation
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
/s/   Nicholas N. Vahanian 
    	
 
    	
/s/   Gordon Lnk 
    
	
Nicholas   N. Vahanian
    	
 
    	
Gordon   Link, Chief Financial OfficerExhibit 10.22

 

	
THE   IOWA STATE BAR ASSOCIATION 
   Official Form NO. 136
    	
G.R. Neumann
    	
FOR THE LEGAL EFFECT OF THE USE OF THIS FORM, 
   CONSULT YOUR LAWYER
    

 

	

    	
PROMISSORY NOTE
    

 

	
$ 500,000.00
    	
July                               , 2008
    

 

FOR VALUE RECEIVED, the undersigned, each as principal, jointly and severally, promise(s) to pay to the order of NewLink Genetics Corporation at 2901 South Loop Drive, Suite #3900, Ames , Iowa, the sum of Five Hundred Thousand and 0/100 DOLLARS with interest thereon from July     , 2008, payable as provided below at the rate of 2.42 (the current AFR)per cent per annum until payment hereof as follows:

 

All principal and accrued interest shall be due and payable upon the earlier of eighteen months from the date of this Promissory Note or upon the sale of the undersigned debtors’ Colorado home located at                                                                                    , Colorado.

 

This Promissory Note shall be secured by a first mortgage given upon the property described as Lot 29 in Otter Creek Golf Course Plat 1, an Official Plat, now included in and forming a part of the City of Ankeny, Polk County, Iowa.

 

Interest shall first be deducted from the payment and any balance shall be applied on principal.

 

Principal and interest not paid when due shall draw interest at the rate of 12 % per annum.  Upon default in payment of any interest, or any installment of principal, the whole amount then unpaid shall become immediately due and payable at the option of the holder without notice.  The undersigned, in case of suit on this note, agrees to pay attorney’s fees.

 

Makers, endorsers and sureties waive demand of payment, notice of non-payment, protest and notice.  Sureties, endorsers and guarantors agree to all of the provisions of this note, and consent that the time or times of payment of all or any part hereof may be extended after maturity, from time to time, without notice.

 

Important.  Read Before Signing:  The terms of this Agreement should be read carefully because only those terms in writing are enforceable.  No other terms or oral promises not contained in this written contract may be legally enforced.  You may change the terms of this Agreement only by another written agreement.  Borrower acknowledges the receipt of a copy of this document at the time it was signed.

 

	
Address:
    	
1407   NE 47th St.
    	
 
    	
/s/   Gordon Link
    
	
 
    	
ANKENY,   IA 50021
    	
 
    	
Gordon   H. Link, Jr.
    
	
 
    	
 
    	
 
    	
 
    
	
Phone:
    	
303-513-3039
    	
 
    	
/s/   Dawn Link
    
	
 
    	
 
    	
 
    	
Dawn   J. Link
    

 

Caveat: This form not to be used for a Consumer Credit Transaction.

 

	
© The Iowa State Bar Association 2005 
   IOWADOCSÒ
    	
136 PROMISSORY NOTE  
   Revised January 2005

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}]]