World Praise Ltd - Dec 7, 2022 Form 3 Insider Report for Aerkomm Inc. (AKOM)

Role: 10%+ Owner
Signature: World Praise Limited By: /s/ Leroy Yau, Director
Stock symbol: AKOM
Transactions as of: Dec 7, 2022
Transactions value $: $0
Form type: 3
Date filed: 1/3/2023, 11:02 AM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	AKOM	Convertible Bond							Dec 7, 2022	Common Stock	3.86M	$6.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 3,862,200 shares of common stock, par value $0.001 per share ("Common Stock"), of Aerkomm Inc. held by World Praise Limited ("WPL"), which may be issued by conversion of the borrowed principal issued as evidenced by a convertible bond, dated December 7, 2022 (the "Bond"), under the Investment Conversion and Bond Purchase Agreement, dated December 7, 2022, at the option of WPL at any time while the Bond is outstanding at a conversion price equal to $6.00 per share of Common Stock.

Content

Represents 3,862,200 shares of common stock, par value $0.001 per share ("Common Stock"), of Aerkomm Inc. held by World Praise Limited ("WPL"), which may be issued by conversion of the borrowed principal issued as evidenced by a convertible bond, dated December 7, 2022 (the "Bond"), under the Investment Conversion and Bond Purchase Agreement, dated December 7, 2022, at the option of WPL at any time while the Bond is outstanding at a conversion price equal to $6.00 per share of Common Stock.