Conversion Notice. Ezion Holdings Limited (Incorporated in the Republic of Singapore) (UEN/Company Registration No E) (the Issuer )

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Transcription:

Conversion Notice Ezion Holdings Limited (Incorporated in the Republic of Singapore) (UEN/Company Registration No. 199904364E) (the Issuer ) Series B 0.25 Per Cent. Convertible Bonds Due 2023 (ISIN No. SG38F9000006) (the Refinancing Series B Convertible Bonds ) (Please read the notes overleaf before completing this Notice.) Name of Direct Securities Account Holder or Name of CDP Depository Agent (applicable where Securities Sub- Account Number is specified) : Date : Address : Tel No. : Fax No. : Signature 1 : To: cc.: Tricor Barbinder Share Registration Services (a division of Tricor Singapore Pte Ltd) Ezion Holdings Limited DBS Bank Ltd. I/We, being the holders of the Refinancing Series B Convertible Bonds specified below, hereby irrevocably elect to convert such Refinancing Series B Convertible Bonds into fully-paid shares (the Shares ) of Ezion Holdings Limited (the Issuer ) pursuant to Condition 6.2.1 (Conversion notice). Terms used in this Conversion Notice and not otherwise defined have the meanings given to them in the Agency Agreement dated 13 April 2018 between, among others, the Issuer, DBS Bank Ltd., as Principal Paying Agent and Tricor Barbinder Share Registration Services (a division of Tricor Singapore Pte Ltd) as Conversion Agent. 1 If applicable, a corporation should sign under hand by an authorised official who must state his/her capacity and print the name of the relevant corporation.

1. Total principal amount and identifying numbers of Refinancing Series B Convertible Bonds to be converted: Total principal amount of the Refinancing Series B Convertible Bonds (must be in multiples of S$50,000): Identifying numbers of Certificates deposited in respect of Refinancing Series B Convertible Bonds to be converted (if relevant)*: N.B. If necessary, the identifying numbers of Certificates can be attached separately. *Not required for Refinancing Series B Convertible Bonds represented by a Global Certificate 2. For so long as the Shares are listed on the SGX-ST, the Shares required to be delivered on conversion are to be registered in the name of The Central Depository (Pte) Limited for credit to the following securities account(s): Name of Direct Securities Account Holder or Name of CDP Depository Agent (applicable where Securities Sub-Account Number is specified): CDP Direct Securities Account No. or CDP Securities Sub-Account No.: 2

3. I/We hereby request that [**[the certificate evidencing the Shares] issued to me/us together with] any other securities, property or cash, including any Singapore dollar cheque in respect of payment of an Equivalent Amount pursuant to Condition 6.2.3 (Registration) required to be delivered upon conversion, be despatched (at my/our risk and expense) to the person whose name, contact person, telephone numbers, fax number and address is given below and in the manner specified below: Name: Contact Person: Address: Bank Account No.: Bank Account Name: Name of Bank: Bank Branch: Bank SWIFT Code: Telephone No. / Fax No.: Manner of Despatch: The Certificate in respect of the Refinancing Series B Convertible Bonds converted hereby accompanies this Conversion Notice.* Name: Address: *Not required for the Global Certificate. ** Delete if Section 2 is completed. 3

4. Delivery of this Conversion Notice will constitute confirmation by the beneficial owner of the Refinancing Series B Convertible Bonds to be converted and, if different, the person designated to be entered into this register of Shareholders of the Issuer that the information and the representations in the Conversion Notice are true and accurate on the date of delivery. No Share will be delivered to a holder of a Refinancing Series B Convertible Bond or a person having a beneficial interest therein unless each such holder and beneficial owner completes this Conversion Notice and executes such documents as the Issuer may reasonably require to ensure the availability of any exemption from registration under the U.S. Securities Act of 1933, as amended, applicable state laws and the laws of any other jurisdiction. a. I/We confirm that I/we have complied with all applicable fiscal or other laws or regulations applicable in the jurisdiction of the Conversion Agent to whom this Conversion Notice is presented. b. I/We further acknowledge that the Issuer and the Refinancing Bonds Trustee and their respective affiliates and others will rely upon the truth and accuracy of the foregoing acknowledgements, representations and agreements. c. I/We hereby certify that all taxes and capital, stamp, issue and registration duties (if any) arising on conversion of the Refinancing Series B Convertible Bonds or payable consequent upon the issue, delivery or transfer of Shares or any property or cash upon conversion have been paid or will be paid by me/us, except that the Issuer will pay all taxes and capital or stamp or issue or registration duties payable in Singapore on the issue of Shares and listing of Shares on the SGX-ST on conversion of Refinancing Series B Convertible Bonds. N.B. i. This Conversion Notice will be void unless the introductory details and Sections 1 to 3 are completed. ii. iii. iv. Your attention is drawn to Conditions 6.2.1 (Conversion Notice) and 6.2.2 (Stamp Duty & Registration Fees, etc.) of the Refinancing Series B Convertible Bonds with respect to the conditions precedent which must be fulfilled before the Refinancing Series B Convertible Bonds specified above will be treated as effectively eligible for conversion. Despatch of the certificate evidencing the Shares issued or other securities or property will be made at the risk and expense of the converting Bondholder and the converting Bondholder will be required to submit any necessary documents required in order to effect despatch in the manner specified. If a retroactive adjustment contemplated by the terms and conditions of the Refinancing Series B Convertible Bonds is required in respect of a conversion of Refinancing Series B Convertible Bonds, the certificate evidencing the additional Shares to be issued pursuant to such retroactive adjustment (together with any other securities, property or cash) will be delivered or despatched in the same manner as the Shares, other securities, property and cash or, as the case may be, Equivalent Amount previously issued pursuant to the relevant Conversion Notice. 4

For Conversion Agent s use only: 1. A. Bonds conversion identification reference: B. Date on which the Conversion Notice is deposited with (and if applicable, Certificate is surrendered to) the Conversion Agent: C. Conversion Date: D. Conversion pursuant to Condition 6.2.1 (Conversion notice): 2. A. Aggregate principal amount of Refinancing Series B Convertible Bonds in respect of which Certificates have been deposited for conversion: B. Conversion Price on Conversion Date C. Number of Shares issuable: D. Interest payable: The Conversion Agent must complete items 1 and 2. 5