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CAPITAL MARKETS LAW
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and all preemptive rights including the ones granted to the shareholders
of the issuer under article 394 of the Turkish Commercial Law.
The interests accrued until the date of conversion shall be paid in
cash, to the bond holders. The expenses arising from such conversion
shall be borne on the issuer.
The right of conversion shall be cancelled, if the bond holder does not
use its right to convert the bond despite of the fulfillment of the issuer’s
obligations. In such case the bond holders are entitled to have the principal
amount of the bond and the accrued interest.