Net Protections, Inc., a wholly-owned subsidiary of Net Protections Holdings, Inc. announced that the Company resolved to conclude an agreement on syndicated loan (the "Syndicated Loan Agreement") for a term loan and a committed credit line and repayment of existing LBO loan at the board of directors meeting held on March 17, and concluded the Syndicated Loan Agreement as of March 28,2022. Through this syndicated agreement, the term loan will be used to repay existing LBO loan, thereby lowering and fixing the interest rates. Besides, the purpose of the committed credit line is to procure working capital in a flexible and stable manner.

Repayment Date is March 31, 2022. Repayment Amount JPY 6,605 million. Source of funds: Syndicated Term Loan and cash on hand.