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IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS ("ICULS") ISSUED PURSUANT TO THE: (1) RENOUNCEABLE RIGHTS ISSUE OF RM10,497,120 NOMINAL VALUE OF 5-YEAR 3% ICULS AT 100% OF ITS NOMINAL VALUE OF RM0.10 ON THE BASIS OF 2 ICULS FOR EVERY 2 EXISTING ORDINARY SHARES IN SCANWOLF CORPORATION BERHAD ("SCANWOLF") ("SCANWOLF SHARES") HELD AS AT 5.00 P.M. ON 8 JULY 2021, TOGETHER WITH 52,485,600 FREE WARRANTS ("WARRANTS") ON THE BASIS OF 1 WARRANT FOR EVERY 2 ICULS SUBSCRIBED ("RIGHTS ISSUE OF ICULS WITH WARRANTS"); AND (2) SETTLEMENT OF AMOUNT OWING TO CHOONG NAM FATHER & SONS CONSTRUCTION SDN BHD, A CREDITOR OF SCANWOLF DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SCANWOLF OF RM3,000,000 VIA THE ISSUANCE OF 30,000,000 ICULS BY SCANWOLF ("CREDITOR CAPITALISATION")

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