NCC Subscription Shares and NCC Bonds Sample Clauses

NCC Subscription Shares and NCC Bonds. NCC conditionally agreed to: (a) subscribe for the NCC Subscription Shares, being 6,000,000 Nitgen Shares, at a subscription price of KRW646 (equivalent to approximately HK$4.42) per Nitgen Share and a total subscription price of KRW3,876,000,000 (equivalent to approximately HK$26,547,945); and (b) purchase the NCC Bonds at the issue price of US$7,425,373 (equivalent to approximately HK$57,695,148), being 100% of the principal amount of the NCC Bond. Assuming full conversion of the NCC Bonds at the initial conversion price of US$0.585793 (equivalent to approximately HK$4.55) as set out under the terms and conditions of the NCC Bonds, the NCC Bonds will be convertible into 12,675,762 Conversion Shares.