At the time of signing an investment contract for redeemable convertible preferred stocks, the period of conversion was extended to 10 years, and the duration of conversion was not set separately. In order to change the conversion period and duration, a change contract for investment contracts must be signed separately with each shareholder, and at the same time, a resolution and change registration must be applied. Through this, the period of exercise of conversion rights for redeemable convertible preferred stocks was extended to 10 years, and the duration was clearly determined, completely eliminating the possibility of disputes between startups, founders, and investors regarding the duration of stocks.
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