Adjustment of Exchange Shares Under Exchangeable Notes Sample Contracts

Agreement regarding Adjustment of Exchange Shares under Exchangeable Notes

Adjustment of Exchange Shares Under Exchangeable Notes • April 4th, 2018 • Ascendent Capital Partners II, L.P. • Services-educational services • Hong Kong

• Contract Type
  Adjustment of Exchange Shares Under Exchangeable Notes
• Filed
  April 4th, 2018
• Company
  Ascendent Capital Partners II, L.P.
• Industry
  Services-educational services
• Jurisdiction
  Hong Kong

Reference is made to the (i) exchangeable notes in the principal amount of US$51.7 million issued by RYB Education Limited (the “Issuer”) to Ascendent Rainbow (Cayman) Limited (“ACP”) on November 5, 2015 (the “ACP Notes”), (ii) exchangeable notes issued by the Issuer to each of (1) On Ride Investments Limited, (2) Hexin Development Company Limited, (3) Amstar Global Ltd, (4) Top Praise Global Limited, (5) Verdant Asia Growth Fund, (6) CHEN Wei, (7) Kin Yuen Vincent Cheng and (8) Cheung Shu Wing (persons referred to in (1) to (8), collectively, the “Noteholders”, each a “Noteholder”, and the exchangeable notes issued to the Noteholders, the “Notes”). Capitalised words used but not otherwise defined herein shall have the same meanings as in the terms and conditions of the Notes.