The subscription price for the convertible bond will be at 92% of the principal amount. Interest rate is 6% pa. The initial conversion price will be NOK 0.7330 per share, which is 125% of the six-day volume weighted average price (VWAP) of the shares up to (and including) the signing date (being 22 December 2023). The conversion price is subject to customary adjustment provisions. The bond will be amortized over 3.5 years through instalments payable every two months over the tenor of the bonds, subject to the right of bondholders to defer or advance such instalments. IDEX may choose to discharge principal or interest payments in cash or by equity. If instalments are settled in shares at IDEX' option, the conversion price will be the lower of the prevailing conversion price at the time and 90% of the market price of the share at the payment date. The bonds may be subject to investor redemption option upon change of control.