DAIMAN

Advantages

• ✓Issued $150 million in 2.250% convertible senior notes due 2027, offering fixed interest payable semiannually.
• ✓Convertible notes can be converted into cash, common stock, or a combination, providing flexible exit options.
• ✓Notes are unsecured but rank senior to subordinated indebtedness and equally with other unsecured liabilities.
• ✓Company obligated to maintain corporate existence and timely fulfill interest and principal payments.
• ✓Company provides for additional interest if financial reporting and tradability conditions are not met, protecting investors.
• ✓Convertible notes include repurchase rights upon Fundamental Change at 100% principal plus accrued interest.
• ✓Company may redeem notes after September 15, 2024, if stock price conditions are met, providing exit options.
• ✓Detailed covenants and provisions ensure transparency and investor protection.
• ✓Shares issued upon conversion will be fully paid and free from liens.
• ✓Governing law is New York, providing stable legal framework for investors.