EXTENSION OF LONG STOP DATE IN RELATION TO ISSUE OF CONVERTIBLE NOTES UNDER SPECIFIC MANDATE
Reference is made to the announcement dated 31 May 2018 (the ‘‘Announcement’’) of Prosper One International Holdings Company Limited (the ‘‘Company’’) in relation to the proposed issue of convertible notes under specific mandate. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.
Pursuant to the Subscription Agreement, (i) if the conditions precedent as provided therein (the ‘‘Condition(s) Precedent’’) are not satisfied and the Closing Date does not occur by 5:00 p.m. on 30 June 2018, the Subscription Agreement will terminate, and (ii) the Subscriber may, by notice to the Company given at any time prior to the payment of the net subscription monies for the relevant tranche of Notes to the Company, terminate the Subscription Agreement, if any of the Conditions Precedent has not been satisfied or waived by the Subscriber on or prior to 30 June 2018.