US$7.5 million Convertible Loan Note

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·	Unsecured loan amount: US$7.5 million
·	Coupon: 7% per annum, payable on redemption or at the time of conversion
·	Term: 60 months from the date of issuance
·	Redemption: The Company may redeem the Loan Note in full at any time between 36 and 60 months from the date of issuance
·	Conversion: If the Loan Note has not been redeemed during its Term, the principal, together with any accrued but unpaid interest, may be converted after the 60-month maturity date into equity in CyanConnode or one or more of its subsidiaries, associates, or group companies. Conversion is at the election of the Lender but subject to mutual agreement with the Company regarding the conversion price and the entity or entities into which it may convert. Any conversion into CyanConnode equity shall not result in a breach of Rule 9 of the UK Takeover Code
·	Conversion Price: To be determined based on fair market value, subject to agreement between the Company and the Lender

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