LF International Pte. Ltd.

SEC source: 0001437749-20-012730 · rdgdoc.xml · derivative · entry 1

LF International Pte. Ltd. · CIK 0001794579 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 500,000

Underlying: Common Stock · 500,000 shares

Expires not disclosed

F1 · derivative.exercise_price: Pursuant to that certain Stock Purchase Agreement by and between Yunhong CTI Ltd. (formerly known as CTI Industries Corporation, the "Company") and LF International Pte. Ltd. ("LF") dated January 3, 2020, as amended, the Company agreed to issue and sell up to 500,000 shares of Series A Convertible Preferred Stock ("Series A Preferred Stock") of the Company to LF. The parties conducted the first and two interim closings for an aggregate 450,000 shares of Series A Preferred Stock and 400,000 shares of the Company's common stock ("Common Stock") on January 13, February 28 and April 13, 2020, respectively.

F2 · derivative.exercise_price: On June 5, 2020, the parties completed a final closing by which the Company issued to LF 50,000 shares of Series A Preferred Stock. Each share of Series A Preferred Stock of the Company is initially convertible into ten (10) shares of Common Stock, subject to certain conditions, and has no expiration date. Mr. Yubao Li has 95% voting and dispositive control over the shares held by the LF and may be deemed the beneficial owner of such Series A Preferred Stock and Common Stock.

F3 · derivative.exercise_price: Each holder of Series A Preferred Stock shall have the right to convert the stated value of such shares, as well as accrued but unpaid declared dividends thereon (collectively the "Conversion Amount") into Common Stock. The number of shares of Common Stock issuable upon conversion of the Conversion Amount shall equal the Conversion Amount divided by the conversion price of $1.00, subject to certain customary adjustments, such that each share of Series A Preferred Stock is initially convertible into ten (10) shares of Common Stock.

F4 · derivative.exercise_price: The Series A Preferred Stock is convertible at any time, except that it may not be converted into shares of Common Stock to the extent such conversion would result in the holder beneficially owning more than 4.99% ("Maximum Percentage") of the Company's outstanding Common Stock. In connection with the additional interim closing on April 13, 2020, LF waived such Maximum Percentage.

F1 · date: Pursuant to that certain Stock Purchase Agreement by and between Yunhong CTI Ltd. (formerly known as CTI Industries Corporation, the "Company") and LF International Pte. Ltd. ("LF") dated January 3, 2020, as amended, the Company agreed to issue and sell up to 500,000 shares of Series A Convertible Preferred Stock ("Series A Preferred Stock") of the Company to LF. The parties conducted the first and two interim closings for an aggregate 450,000 shares of Series A Preferred Stock and 400,000 shares of the Company's common stock ("Common Stock") on January 13, February 28 and April 13, 2020, respectively.

F2 · date: On June 5, 2020, the parties completed a final closing by which the Company issued to LF 50,000 shares of Series A Preferred Stock. Each share of Series A Preferred Stock of the Company is initially convertible into ten (10) shares of Common Stock, subject to certain conditions, and has no expiration date. Mr. Yubao Li has 95% voting and dispositive control over the shares held by the LF and may be deemed the beneficial owner of such Series A Preferred Stock and Common Stock.

F4 · date: The Series A Preferred Stock is convertible at any time, except that it may not be converted into shares of Common Stock to the extent such conversion would result in the holder beneficially owning more than 4.99% ("Maximum Percentage") of the Company's outstanding Common Stock. In connection with the additional interim closing on April 13, 2020, LF waived such Maximum Percentage.

F5 · date: Holders of Series A Preferred Stock shall vote together with the holders of the Common Stock on an as-if-converted basis, whereby each share of the Series A Preferred Stock will be entitled to ten (10) votes, subject to adjustment.

F4 · derivative.exercise_date: The Series A Preferred Stock is convertible at any time, except that it may not be converted into shares of Common Stock to the extent such conversion would result in the holder beneficially owning more than 4.99% ("Maximum Percentage") of the Company's outstanding Common Stock. In connection with the additional interim closing on April 13, 2020, LF waived such Maximum Percentage.

F2 · derivative.expiration_date: On June 5, 2020, the parties completed a final closing by which the Company issued to LF 50,000 shares of Series A Preferred Stock. Each share of Series A Preferred Stock of the Company is initially convertible into ten (10) shares of Common Stock, subject to certain conditions, and has no expiration date. Mr. Yubao Li has 95% voting and dispositive control over the shares held by the LF and may be deemed the beneficial owner of such Series A Preferred Stock and Common Stock.

SEC source: 0001104659-20-025379 · tm209214d4_form4.xml · nonDerivative · entry 1

Li Yubao · CIK 0001795255 · Director · 10% owner

LF International Pte. Ltd. · CIK 0001794579 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 250,500

F1 · shares: These shares are underlying units (each unit consisting of one Class A ordinary share and one-half of one warrant, each whole warrant exercisable to purchase one Class A ordinary share and one right to receive one-tenth of one Class A ordinary share upon closing of the issuer's initial business combination) held by LF International Pte. Ltd. (the "Sponsor"), acquired pursuant to a unit subscription agreement by and between the Sponsor and the issuer. Does not include 1,725,000 Class B ordinary shares (no shares of which are subject to forfeiture as a result of the over-allotment option being exercised in full), which shares will automatically convert into Class A ordinary shares at the time of the issuer's initial business combination on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights.

F2 · ownership.nature: Mr. Li may be deemed to beneficially own shares held by the Sponsor by virtue of his control over the Sponsor, as its principal shareholder. Mr. Li disclaims beneficial ownership of the ordinary shares held by the Sponsor other than to the extent of his pecuniary interest in such shares.

SEC source: 0001104659-20-023249 · tm209549-1_4.xml · nonDerivative · entry 1

Li Yubao · CIK 0001795255 · Director · 10% owner

LF International Pte. Ltd. · CIK 0001794579 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 232,500

F1 · shares: These shares are underlying units (each unit consisting of one Class A ordinary share and one-half of one warrant, each whole warrant exercisable to purchase one Class A ordinary share and one right to receive one-tenth of one Class A ordinary share upon closing of the issuer's initial business combination) held by LF International Pte. Ltd. (the "Sponsor"), acquired pursuant to a unit subscription agreement by and between the Sponsor and the issuer. Does not include 1,725,000 Class B ordinary shares (up to 225,000 shares of which are subject to forfeiture to the extent the over-allotment option is not exercised in full), which shares will automatically convert into Class A ordinary shares at the time of the issuer's initial business combination on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights.

F2 · ownership.nature: Mr. Li may be deemed to beneficially own shares held by the Sponsor by virtue of his control over the Sponsor, as its principal shareholder. Mr. Li disclaims beneficial ownership of the ordinary shares held by the Sponsor other than to the extent of his pecuniary interest in such shares.