TOBESOFT Co., Ltd. announced a private placement of series 14 unregistered coupon non-guaranteed private convertible bonds for gross proceeds of KRW 10,000,000,000 and series 13 convertible bonds for gross proceeds of KRW 30,000,000,000 for aggregate proceeds of KRW 40,000,000,000 on November 30, 2021. The transaction will include participation from individual investor Im Chan Lee. The series 14 bonds will bear a fixed interest rate of 2%, yield to maturity rate of 4%, will mature on February 28, 2025, and will be fully convertible into 4,444,444 common shares, representing 10.88% stake in the company, at a fixed conversion price of KRW 2,250 per share from February 28, 2023 to January 28, 2025. The series 13 bonds will bear a coupon rate of 2% and an interest to maturity rate of 5%. The bonds will mature on December 08, 2024. The bonds are convertible into 13,333,333 common shares at a fixed conversion price of KRW 2,250 share from December 08, 2022 to November 08, 2024. The date of subscription is November 30, 2021and expected date of payment is December 08, 2021. The transaction has been approved by the board of directors of the company. The payment date for series 14 bonds is February 28, 2022 and the payment date for series 13 bonds is December 8, 2021.