Convertible Bonds Subscription Agreement

Special conditions: Subordination, security interests and guarantees – Notes occasionally contain the concept of subordination, security interests or guarantees. These characteristics are more typical of conventional bank debt and less common for convertible investor debt, but they deserve to be mentioned because they appear occasionally. Sometimes note holders insist on things such as board seats, information rights, agreements against the issuance of shares or other debts and/or other conditions that are typically related to stock transactions. In this case, these contractual agreements between the company and the bondholders are usually written in a separate agreement with a title such as Note Holders` Agreement or Voting Agreement. The main difference between the two documents is that the ASA has no interest or obligation to repay the amount within a specified time frame. The ASA therefore offers the possibility of obtaining certain benefits from a convertible debt structure, without certain limits related to a typical convertible bond being met. Finally, some investors may prefer the convertible note format to the ASA because it is more familiar. Convertible bonds have been around for a long time on the market and have therefore been used more widely. To be able to feel the scene, we wanted to quickly address certain things when deciding between a convertible debt tower (with a convertible note) Convertible Structured Equity Round (with ASA, Simple Agreement for Future Equity Round (SAFE, etc.) and a series of stock prices (with an appointment sheet, a reference letter or an agreement, amended statuses, etc.). Subscribers of the company around 10 a.m., Seoul, Korea, to the end date in the same day funds. 3.

Closing 3.1 Closing Date and Place. The closing of the convertible bond issue and subscription will take place at the offices of one of the subscribers or in another location, as agreed between the parties, at another location agreed between the parties, from 10 .m Seoul Time, Korea, on April 12, 2007 or at another date agreed between the parties (the end date). 3.2 Closing conditions. Financial statements are subject to the condition that the entity meets or no longer meets the following conditions: (i) the issuance and underwriting of convertible bonds under the conditions specified in them are not contrary to the legal requirements applicable to the company or subscribers; and (ii) subscribers and the entity must have completed or received all necessary administrative or internal authorizations, authorizations and required reports.