Drawdown of Tranche 2 of Convertible Loan Facility
Reference is made to the stock exchange announcements on 10 January 2018 where European High Growth Opportunities Securization Fund (the “Investor”), through Alpha Blue Ocean Advisors Ltd. entered into a convertible note facility with warrants (the “Convertible Loan Facility") with Induct AS ('the Company'), whereby Investor could invest up to NOK 50 million in the Company over the next 3 years through 20 tranches of convertible notes with warrants. Further to the adoption of the resolutions by the EGM on 15 February 2018, the Company has requested the utilization of the 2. tranche of