Supplementary Provisions, Article 7Transitional Measures on Convertible Bonds and Bonds with Subscription Rights to New Shares

①If, before this Act comes into effect, a resolution has been adopted for the issue of convertible bonds (meaning bonds issued under Article 341-2, paragraph (1) of the Former Commercial Code; the same applies hereinafter) or bonds with subscription rights to new shares (meaning bonds issued under Article 341-8, paragraph (1) of the Former Commercial Code; the same applies hereinafter), the provisions then in force continue to govern, even after this Act comes into effect, the convertible bonds or bonds with subscription rights to new shares issued on the basis of that resolution. The same applies to convertible bonds or bonds with subscription rights to new shares issued on the basis of a resolution, if a resolution under Article 341-2, paragraph (3), the proviso to Article 341-2-6, paragraph (1), Article 341-8, paragraph (5), or the proviso to Article 341-11-2, paragraph (1) of the Former Commercial Code was adopted before this Act comes into effect.