OBOOK Holdings Inc. Securities Purchase Agreement

OBOOK Holdings Inc. has entered into a Securities Purchase Agreement with Lind Global Asset Management XV LLC. The agreement involves the issuance of a Senior Secured Convertible Promissory Note with a principal amount of US$11,500,000 (reflecting a 15% original issue discount) and a Class A Common Share Purchase Warrant. The aggregate gross proceeds from this transaction are US$10,000,000. The Note matures in 18 months, bears no interest, and is convertible into Class A Common Shares at US$9.00 per share, with provisions for a monthly repayment price at a discount to market value. The Company has the option to satisfy monthly repayments in cash at a 5% premium. The Note is secured by substantially all of the Company's assets. The Warrant is exercisable for cash at US$7.82 per share for 60 months. The Company is required to file a resale registration statement with the SEC within 45 days of closing. The transaction is structured as a private placement exempt from registration requirements. Concurrently, security agreements and a guaranty were entered into to secure the Company's obligations.