Confirmation of swap transaction, dated April 22, 2019 from Bank of Montreal to Twin Disc, Incorporated
Exhibit 10.2
This fax is intended only for the individual or organization to whom it is addressed and may contain internal, confidential or sensitive information. If you received this fax in error, please help us prevent further errors by informing the sender immediately by phone or calling Information Security Infoline at ###-###-####. We also ask that you refrain from disseminating or using the information in or accompanying the fax and that you destroy all copies when requested
|
| BANK OF MONTREAL 250 Yonge Street 10th Floor Toronto, ON | ||||||
| M5B 2H1, CANADA Telephone No: 201 ###-###-#### Fax No: 416 ###-###-#### | |||||||
| Date To Address
Fax Attention | : : :
: : | April 22, 2019 |
Re: Rate Swap Transaction (Our Reference No.)
Unique SWAP Identifier #
Dear Sir/Madam:
The purpose of this letter agreement (this "Confirmation") is to confirm the terms and conditions of the Swap Transaction entered into between Twin Disc, Incorporated ("Counterparty") and Bank of Montreal ("BMO") on the Trade Date specified below (the "Transaction"). This Confirmation constitutes a "Confirmation" as referred to in the Agreement specified below.
The definitions and provisions contained in the 2006 ISDA Definitions, as published by the International Swaps and Derivatives Association, Inc., are incorporated into this Confirmation. In the event of any inconsistency between those definitions and provisions and this Confirmation, this Confirmation will govern.
| 1. | This Confirmation supplements, forms part of, and is subject to, the ISDA Master Agreement dated as of April 11, 2019, as amended and supplemented from time to time (the "Agreement"), between Counterparty and BMO. All provisions contained in the Agreement govern this Confirmation except as expressly modified below. |
| 2. | The terms of the particular Swap Transaction to which this Confirmation relates are as follows: |
| Notional Amount: | USD 20,000,000.00 (See below Amortizing Schedule) |
| Trade Date: | April 22, 2019 |
| Effective Date: | April 30, 2019 |
| Termination Date: | March 4, 2026 subject to adjustment in accordance with the Modified Following Business Day Convention |
| Fixed Amounts: | |
| Fixed Rate Payer: | Twin Disc, Incorporated |
| Fixed Rate Payer Currency Amount: | USD 20,000,000.00 (See below Amortizing Schedule) |
| Fixed Rate Payer Payment Dates: | The last business day of each month commencing with May 31, 2019 subject to adjustment in accordance with the Modified Following Business Day Convention |
| Fixed Amount Fixed Rate and Fixed Rate Day Count Fraction: | 2.49000% for the Initial Calculation Period and each succeeding Calculation Period on a basis of Actual/360 |
| Business Days for USD Payment: | London, New York |
| Floating Amounts: | |
| Floating Rate Payer: | BANK OF MONTREAL |
| Floating Rate Payer Currency Amount: | USD 20,000,000.00 (See below Amortizing Schedule) |
| Floating Rate Payer Payment Dates: | The last business day of each month commencing with May 31, 2019 subject to adjustment in accordance with the Modified Following Business Day Convention |
| Floating Rate for initial Calculation Period: | To be Determined |
| Floating Rate Option: | USD-LIBOR-BBA (Rounding up to the nearest 1/100 of 1% (2 decimal places)) |
| Designated Maturity: | 1 MONTH |
| Spread: | Not Applicable |
| Floating Rate Day Count Fraction: | Actual/360 |
| Reset Dates: | First day of each Calculation Period, or Compounding Period, if Compounding is applicable. |
| Compounding: | Not Applicable |
| Compounding Dates: | Not Applicable |
| Business Days for USD Payment: | London, New York |
| Business Days for Floating Rate Reset: | London |
| 3. | Calculation Agent: BMO |
| 4. | Account Details: |
Account for payments to Counterparty:
Please advise us your settlement instructions.
Account for payments to BMO:
Account No.: To: WELLS FARGO BANK NA, New York
SWIFT:
Favor Of: BANK OF MONTREAL, Toronto
Account Number:
| 5. | Offices: |
The Office for Counterparty for the Transaction is: Racine, Wisconsin
The Office for BMO for the Transaction is: Toronto, Ontario
| 6. | Representations and Warranties: |
Each party will be deemed to represent to the other party on the Trade Date of this Transaction that (in the absence of a written agreement between the parties that expressly imposes affirmative obligations to the contrary for this Transaction):
(a)Non-Reliance. It is acting for its own account, and it has made its own independent decisions to enter into this Transaction and as to whether this Transaction is appropriate or proper for it based upon its own judgment and upon advice from such advisers as it has deemed necessary. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into this Transaction; it being understood that information and explanations related to the terms and conditions of this Transaction shall not be considered investment advice or a recommendation to enter into this Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of this Transaction.
(b)Assessment and Understanding. It is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of this Transaction. It is also capable of assuming, and assumes, the risks of this Transaction.
(c)Status of Parties. The other party is not acting as a fiduciary for or an adviser to it in respect of this Transaction.
| 7. | Payee Tax Representation: |
Each payment received or to be received by BMO in connection with the Swap Transaction will be effectively connected with BMO's conduct of a trade or business in the United States of America.
| 8. | Documents to be Delivered: |
Each party shall deliver to the other, at the time of its execution of this Confirmation, evidence of the specimen signature and incumbency of each person who is executing the Confirmation on the party's behalf, unless such evidence has previously been supplied in connection with the Agreement and remains true and in effect.
| 9. | Counterparts: |
This Confirmation may be executed in one or more counterparts, either in original or facsimile form, each of which shall constitute one and the same original agreement.
***
The parties hereby confirm their express wish that this document and all documents and agreements directly or indirectly related thereto be drawn up and executed in English. Les parties aux présentes reconnaissent qu'à leur demande le présent document ainsi que tous les documents et conventions qui s'y rattachent directement ou indirectement sont rédigés et signés en langue anglaise.
Please confirm that the foregoing correctly sets forth the terms of our agreement by executing the copy of this Confirmation enclosed for that purpose and returning it to us using the contact details set forth above.
In the event that you disagree with any part of this Confirmation, please notify us promptly via the contact details above so that the discrepancy may be resolved. Please note that our telephone conversation with you may be recorded.
BMO confirms and Counterparty acknowledges that BMO uses a computer-based system to execute and transmit Confirmations. The parties hereby acknowledge and accept the use and validity of Confirmations which have been executed by means of an electronically-produced signature, and which have been transmitted and reproduced by telecopier or similar device. The parties acknowledge that in any legal proceedings between them or in any way relating to this Confirmation, each hereby expressly waives any right to raise any defence or waiver of liability based upon the reproduction of this document by telecopier for evidentiary purposes, or the execution of this document by means of an electronically produced signature.
Yours sincerely,
BANK OF MONTREAL
By: /s/ Tushar Parikh
Name: Tushar Parikh
Title: Sr. Manager
Confirmed as of the date first above written:
Twin Disc, Incorporated
By: /s/ Jeffrey S. Knutson
(Signature)
Name: Jeffrey S. Knutson
(Please Print)
Title: VP-Finance, CFO, Treasurer & Secretary
By:
(Signature)
Name:
(Please Print)
Title:
(I/we have authority to bind Counterparty)
Floating Rate Payer Notional Schedule
| Period Begin | Period End | Days | Payment Date | Notional Amount |
| April 30, 2019 | Mary 31, 2019 | 31 | May 31, 2019 | 20,000,000.00 |
| May 31, 2019 | June 28, 2019 | 28 | June 28, 2019 | 20,000,000.00 |
| June 28, 2019 | July 31, 2019 | 33 | July 31, 2019 | 19,500,000.00 |
| July 31, 2019 | August 30, 2019 | 30 | August 30, 2019 | 19,500,000.00 |
| August 30, 2019 | September 30, 2019 | 31 | September 30, 2019 | 19,500,000.00 |
| September 30, 2019 | October 31, 2019 | 31 | October 31, 2019 | 19,000,000.00 |
| October 31, 2019 | November 29, 2019 | 29 | November 29, 2019 | 19,000,000.00 |
| November 29, 2019 | December 31, 2019 | 32 | December 31, 2019 | 19,000,000.00 |
| December 31, 2019 | January 21, 2020 | 31 | January 31, 2020 | 18,500,000.00 |
| January 31, 2020 | February 28, 2020 | 28 | February 28, 2020 | 18,500,000.00 |
| February 28, 2020 | March 31, 2020 | 32 | March 31, 2020 | 18,500,000.00 |
| March 31, 2020 | April 30, 2020 | 30 | April 30, 2020 | 18,000,000.00 |
| April 30, 2020 | May 29, 2020 | 29 | May 29, 2020 | 18,000,000.00 |
| May 29, 2020 | June 30, 2020 | 32 | June 30, 2020 | 18,000,000.00 |
| June 30, 2020 | July 31, 2020 | 31 | July 31, 2020 | 17,500,000.00 |
| July 31, 2020 | August 28, 2020 | 28 | August 28, 2020 | 17,500,000.00 |
| August 28, 2020 | September 30, 2020 | 33 | September 30, 2020 | 17,500,000.00 |
| September 30, 2020 | October 30, 2020 | 30 | October 30, 2020 | 17,000,000.00 |
| October 30, 2020 | November 30, 2020 | 31 | November 30, 2020 | 17,000,000.00 |
| November 30, 2020 | December 31, 2020 | 31 | December 31, 2020 | 17,000,000.00 |
| December 31, 2020 | January 29, 2021 | 29 | January 29, 2021 | 16,500,000.00 |
| January 29, 2021 | February 26, 2021 | 28 | February 26, 2021 | 16,500,000.00 |
| February 26, 2021 | March 31, 2021 | 33 | March 31, 2021 | 16,500,000.00 |
| March 31, 2021 | April 30, 2021 | 30 | April 30, 2021 | 16,000,000.00 |
| April 30, 2021 | May 28, 2021 | 28 | May 28, 2021 | 16,000,000.00 |
| May 28, 2021 | June 30, 2021 | 33 | June 30, 2021 | 16,000,000.00 |
| June 30, 2021 | July 30, 2021 | 30 | July 30, 2021 | 15,500,000.00 |
| July 30, 2021 | August 31, 2021 | 32 | August 31, 2021 | 15,500,000.00 |
| August 31, 2021 | September 30, 2021 | 30 | September 30, 2021 | 15,500,000.00 |
| September 30, 2021 | October 29, 2021 | 29 | October 29, 2021 | 15,000,000.00 |
| October 29, 2021 | November 30, 2021 | 32 | November 30, 2021 | 15,000,000.00 |
| November 30, 2021 | December 31, 2021 | 31 | December 31, 2021 | 15,000,000.00 |
| December 31, 2021 | January 31, 2022 | 31 | January 31, 2022 | 14,500,000.00 |
| January 31, 2022 | February 28, 2022 | 28 | February 28, 2022 | 14,500,000.00 |
| February 28, 2022 | March 31, 2022 | 31 | March 31, 2022 | 14,500,000.00 |
| March 31, 2022 | April 29, 2022 | 29 | April 29, 2022 | 14,000,000.00 |
| April 29, 2022 | May 31, 2022 | 32 | May 31, 2022 | 14,000,000.00 |
| May 31, 2022 | June 30, 2022 | 30 | June 30, 2022 | 14,000,000.00 |
| June 30, 2022 | July 29, 2022 | 29 | July 29, 2022 | 13,500,000.00 |
| July 29, 2022 | August 31, 2022 | 33 | August 21, 2022 | 13,500,000.00 |
| August 31, 2022 | September 30, 2022 | 30 | September 30, 2022 | 13,500,000.00 |
| September 30, 2022 | October 31, 2022 | 31 | October 21, 2022 | 13,000,000.00 |
| October 31, 2022 | November 30, 2022 | 30 | November 30, 2022 | 13,000,000.00 |
| November 30, 2022 | December 30, 2022 | 30 | December 30, 2022 | 13,000,000.00 |
| December 30, 2022 | January 31, 2023 | 32 | January 31, 2023 | 12,500,000.00 |
| January 31, 2023 | February 28, 2023 | 28 | February 28, 2023 | 12,500,000.00 |
| February 28, 2023 | March 31, 2023 | 31 | March 31, 2023 | 12,500,000.00 |
| March 31, 2023 | April 28, 2023 | 28 | April 28, 2023 | 12,000,000.00 |
| April 28, 2023 | May 31, 2023 | 33 | May 31, 2023 | 12,000,000.00 |
| May 31, 2023 | June 30, 2023 | 30 | June 30, 2023 | 12,000,000.00 |
| June 30, 2023 | July 31, 2023 | 31 | July 31, 2023 | 11,500,000.00 |
| July 31, 2023 | August 31, 2023 | 31 | August 31, 2023 | 11,500,000.00 |
| August 31, 2023 | September 29, 2023 | 29 | September 29, 2023 | 11,500,000.00 |
| September 29, 2023 | October 31, 2023 | 32 | October 31, 2023 | 11,000,000.00 |
| October 31, 2023 | November 30, 2023 | 30 | November 30, 2023 | 11,000,000.00 |
| November 30, 2023 | December 29, 2023 | 29 | December 29, 2023 | 11,000,000.00 |
| December 29, 2023 | January 31, 2024 | 33 | January 31, 2024 | 10,500,000.00 |
| January 31, 2024 | February 29, 2024 | 29 | February 29, 2024 | 10,500,000.00 |
| February 29, 2024 | March 28, 2024 | 28 | March 28, 2024 | 10,500,000.00 |
| March 28, 2024 | April 30, 2024 | 33 | April 30, 2024 | 10,000,000.00 |
| April 30, 2024 | May 31, 2024 | 31 | May 31, 2024 | 10,000,000.00 |
| May 31, 2024 | June 28, 2024 | 28 | June 28, 2024 | 10,000,000.00 |
| June 28, 2024 | July 31, 2024 | 33 | July 31, 2024 | 9,500,000.00 |
| July 31, 2024 | August 30, 2024 | 30 | August 30, 2024 | 9,500,000.00 |
| August 30, 2024 | September 30, 2024 | 31 | September 30, 2024 | 9,500,000.00 |
| September 30, 2024 | October 31, 2024 | 31 | October 31, 2024 | 9,000,000.00 |
| October 31, 2024 | November 29, 2024 | 29 | November 29, 2024 | 9,000,000.00 |
| November 29, 2024 | December 31, 2024 | 32 | December 31, 2024 | 9,000,000.00 |
| December 31, 2024 | January 31, 2025 | 31 | January 31, 2025 | 8,500,000.00 |
| January 31, 2025 | February 28, 2025 | 28 | February 28, 2025 | 8,500,000.00 |
| February 28, 2025 | March 31, 2025 | 31 | March 31, 2025 | 8,500,000.00 |
| March 31, 2025 | April 30, 2025 | 30 | April 30, 2025 | 8,000,000.00 |
| April 30, 2025 | May 30, 2025 | 30 | May 30, 2025 | 8,000,000.00 |
| May 30, 2025 | June 30, 2025 | 31 | June 30, 2025 | 8,000,000.00 |
| June 30, 2025 | July 31, 2025 | 31 | July 31, 2025 | 7,500,000.00 |
| July 31, 2025 | August 29, 2025 | 29 | August 29, 2025 | 7,500,000.00 |
| August 29, 2025 | September 30, 2025 | 32 | September 30, 2025 | 7,500,000.00 |
| September 30, 2025 | October 31, 2025 | 31 | October 31, 2025 | 7,000,000.00 |
| October 31, 2025 | November 28, 2025 | 28 | November 28, 2025 | 7,000,000.00 |
| November 28, 2025 | December 31, 2025 | 33 | December 31, 2025 | 7,000,000.00 |
| December 31, 2025 | January 30, 2026 | 30 | January 30, 2026 | 6,500,000.00 |
| January 30, 2026 | February 27, 2026 | 28 | February 27, 2026 | 6,500,000.00 |
| February 27, 2026 | March 04, 2026 | 5 | March 4, 2026 | 6,500,000.00 |
Fixed Rate Payer Notional Schedule
| Period Begin | Period End | Days | Payment Date | Notional Amount | Rate % |
| April 30, 2019 | Mary 31, 2019 | 31 | May 31, 2019 | 20,000,000.00 | 2.49 |
| May 31, 2019 | June 28, 2019 | 28 | June 28, 2019 | 20,000,000.00 | 2.49 |
| June 28, 2019 | July 31, 2019 | 33 | July 31, 2019 | 19,500,000.00 | 2.49 |
| July 31, 2019 | August 30, 2019 | 30 | August 30, 2019 | 19,500,000.00 | 2.49 |
| August 30, 2019 | September 30, 2019 | 31 | September 30, 2019 | 19,500,000.00 | 2.49 |
| September 30, 2019 | October 31, 2019 | 31 | October 31, 2019 | 19,000,000.00 | 2.49 |
| October 31, 2019 | November 29, 2019 | 29 | November 29, 2019 | 19,000,000.00 | 2.49 |
| November 29, 2019 | December 31, 2019 | 32 | December 31, 2019 | 19,000,000.00 | 2.49 |
| December 31, 2019 | January 21, 2020 | 31 | January 31, 2020 | 18,500,000.00 | 2.49 |
| January 31, 2020 | February 28, 2020 | 28 | February 28, 2020 | 18,500,000.00 | 2.49 |
| February 28, 2020 | March 31, 2020 | 32 | March 31, 2020 | 18,500,000.00 | 2.49 |
| March 31, 2020 | April 30, 2020 | 30 | April 30, 2020 | 18,000,000.00 | 2.49 |
| April 30, 2020 | May 29, 2020 | 29 | May 29, 2020 | 18,000,000.00 | 2.49 |
| May 29, 2020 | June 30, 2020 | 32 | June 30, 2020 | 18,000,000.00 | 2.49 |
| June 30, 2020 | July 31, 2020 | 31 | July 31, 2020 | 17,500,000.00 | 2.49 |
| July 31, 2020 | August 28, 2020 | 28 | August 28, 2020 | 17,500,000.00 | 2.49 |
| August 28, 2020 | September 30, 2020 | 33 | September 30, 2020 | 17,500,000.00 | 2.49 |
| September 30, 2020 | October 30, 2020 | 30 | October 30, 2020 | 17,000,000.00 | 2.49 |
| October 30, 2020 | November 30, 2020 | 31 | November 30, 2020 | 17,000,000.00 | 2.49 |
| November 30, 2020 | December 31, 2020 | 31 | December 31, 2020 | 17,000,000.00 | 2.49 |
| December 31, 2020 | January 29, 2021 | 29 | January 29, 2021 | 16,500,000.00 | 2.49 |
| January 29, 2021 | February 26, 2021 | 28 | February 26, 2021 | 16,500,000.00 | 2.49 |
| February 26, 2021 | March 31, 2021 | 33 | March 31, 2021 | 16,500,000.00 | 2.49 |
| March 31, 2021 | April 30, 2021 | 30 | April 30, 2021 | 16,000,000.00 | 2.49 |
| April 30, 2021 | May 28, 2021 | 28 | May 28, 2021 | 16,000,000.00 | 2.49 |
| May 28, 2021 | June 30, 2021 | 33 | June 30, 2021 | 16,000,000.00 | 2.49 |
| June 30, 2021 | July 30, 2021 | 30 | July 30, 2021 | 15,500,000.00 | 2.49 |
| July 30, 2021 | August 31, 2021 | 32 | August 31, 2021 | 15,500,000.00 | 2.49 |
| August 31, 2021 | September 30, 2021 | 30 | September 30, 2021 | 15,500,000.00 | 2.49 |
| September 30, 2021 | October 29, 2021 | 29 | October 29, 2021 | 15,000,000.00 | 2.49 |
| October 29, 2021 | November 30, 2021 | 32 | November 30, 2021 | 15,000,000.00 | 2.49 |
| November 30, 2021 | December 31, 2021 | 31 | December 31, 2021 | 15,000,000.00 | 2.49 |
| December 31, 2021 | January 31, 2022 | 31 | January 31, 2022 | 14,500,000.00 | 2.49 |
| January 31, 2022 | February 28, 2022 | 28 | February 28, 2022 | 14,500,000.00 | 2.49 |
| February 28, 2022 | March 31, 2022 | 31 | March 31, 2022 | 14,500,000.00 | 2.49 |
| March 31, 2022 | April 29, 2022 | 29 | April 29, 2022 | 14,000,000.00 | 2.49 |
| April 29, 2022 | May 31, 2022 | 32 | May 31, 2022 | 14,000,000.00 | 2.49 |
| May 31, 2022 | June 30, 2022 | 30 | June 30, 2022 | 14,000,000.00 | 2.49 |
| June 30, 2022 | July 29, 2022 | 29 | July 29, 2022 | 13,500,000.00 | 2.49 |
| July 29, 2022 | August 31, 2022 | 33 | August 21, 2022 | 13,500,000.00 | 2.49 |
| August 31, 2022 | September 30, 2022 | 30 | September 30, 2022 | 13,500,000.00 | 2.49 |
| September 30, 2022 | October 31, 2022 | 31 | October 21, 2022 | 13,000,000.00 | 2.49 |
| October 31, 2022 | November 30, 2022 | 30 | November 30, 2022 | 13,000,000.00 | 2.49 |
| November 30, 2022 | December 30, 2022 | 30 | December 30, 2022 | 13,000,000.00 | 2.49 |
| December 30, 2022 | January 31, 2023 | 32 | January 31, 2023 | 12,500,000.00 | 2.49 |
| January 31, 2023 | February 28, 2023 | 28 | February 28, 2023 | 12,500,000.00 | 2.49 |
| February 28, 2023 | March 31, 2023 | 31 | March 31, 2023 | 12,500,000.00 | 2.49 |
| March 31, 2023 | April 28, 2023 | 28 | April 28, 2023 | 12,000,000.00 | 2.49 |
| April 28, 2023 | May 31, 2023 | 33 | May 31, 2023 | 12,000,000.00 | 2.49 |
| May 31, 2023 | June 30, 2023 | 30 | June 30, 2023 | 12,000,000.00 | 2.49 |
| June 30, 2023 | July 31, 2023 | 31 | July 31, 2023 | 11,500,000.00 | 2.49 |
| July 31, 2023 | August 31, 2023 | 31 | August 31, 2023 | 11,500,000.00 | 2.49 |
| August 31, 2023 | September 29, 2023 | 29 | September 29, 2023 | 11,500,000.00 | 2.49 |
| September 29, 2023 | October 31, 2023 | 32 | October 31, 2023 | 11,000,000.00 | 2.49 |
| October 31, 2023 | November 30, 2023 | 30 | November 30, 2023 | 11,000,000.00 | 2.49 |
| November 30, 2023 | December 29, 2023 | 29 | December 29, 2023 | 11,000,000.00 | 2.49 |
| December 29, 2023 | January 31, 2024 | 33 | January 31, 2024 | 10,500,000.00 | 2.49 |
| January 31, 2024 | February 29, 2024 | 29 | February 29, 2024 | 10,500,000.00 | 2.49 |
| February 29, 2024 | March 28, 2024 | 28 | March 28, 2024 | 10,500,000.00 | 2.49 |
| March 28, 2024 | April 30, 2024 | 33 | April 30, 2024 | 10,000,000.00 | 2.49 |
| April 30, 2024 | May 31, 2024 | 31 | May 31, 2024 | 10,000,000.00 | 2.49 |
| May 31, 2024 | June 28, 2024 | 28 | June 28, 2024 | 10,000,000.00 | 2.49 |
| June 28, 2024 | July 31, 2024 | 33 | July 31, 2024 | 9,500,000.00 | 2.49 |
| July 31, 2024 | August 30, 2024 | 30 | August 30, 2024 | 9,500,000.00 | 2.49 |
| August 30, 2024 | September 30, 2024 | 31 | September 30, 2024 | 9,500,000.00 | 2.49 |
| September 30, 2024 | October 31, 2024 | 31 | October 31, 2024 | 9,000,000.00 | 2.49 |
| October 31, 2024 | November 29, 2024 | 29 | November 29, 2024 | 9,000,000.00 | 2.49 |
| November 29, 2024 | December 31, 2024 | 32 | December 31, 2024 | 9,000,000.00 | 2.49 |
| December 31, 2024 | January 31, 2025 | 31 | January 31, 2025 | 8,500,000.00 | 2.49 |
| January 31, 2025 | February 28, 2025 | 28 | February 28, 2025 | 8,500,000.00 | 2.49 |
| February 28, 2025 | March 31, 2025 | 31 | March 31, 2025 | 8,500,000.00 | 2.49 |
| March 31, 2025 | April 30, 2025 | 30 | April 30, 2025 | 8,000,000.00 | 2.49 |
| April 30, 2025 | May 30, 2025 | 30 | May 30, 2025 | 8,000,000.00 | 2.49 |
| May 30, 2025 | June 30, 2025 | 31 | June 30, 2025 | 8,000,000.00 | 2.49 |
| June 30, 2025 | July 31, 2025 | 31 | July 31, 2025 | 7,500,000.00 | 2.49 |
| July 31, 2025 | August 29, 2025 | 29 | August 29, 2025 | 7,500,000.00 | 2.49 |
| August 29, 2025 | September 30, 2025 | 32 | September 30, 2025 | 7,500,000.00 | 2.49 |
| September 30, 2025 | October 31, 2025 | 31 | October 31, 2025 | 7,000,000.00 | 2.49 |
| October 31, 2025 | November 28, 2025 | 28 | November 28, 2025 | 7,000,000.00 | 2.49 |
| November 28, 2025 | December 31, 2025 | 33 | December 31, 2025 | 7,000,000.00 | 2.49 |
| December 31, 2025 | January 30, 2026 | 30 | January 30, 2026 | 6,500,000.00 | 2.49 |
| January 30, 2026 | February 27, 2026 | 28 | February 27, 2026 | 6,500,000.00 | 2.49 |
| February 27, 2026 | March 04, 2026 | 5 | March 4, 2026 | 6,500,000.00 | 2.49 |
