Exhibit 4.26
Notice of Approval for Changes in Repayment Terms
Yoshitsu Co., Ltd.
2-5-9 Koto-bashi, Sumida-ku, Tokyo
June 20, 2024
Japan Finance Corporation
Small and Medium Enterprise Division, Senju Branch
2-5-9 Koto-bashi, Sumida-ku, Tokyo
Subject: Notice of Approval for Changes in Repayment Terms
Based on your submitted “Application for Changes in Repayment Terms,” we hereby inform you that we have agreed to change the repayment terms of the following account, effective according to the attached “Repayment Terms Table.”
Transaction Account for Changes in Repayment Terms
Loan Date:
June 22, 2018
Loan Amount:
200,000,000 yen
Loan Purpose:
Equipment
Loan Type:
Corporate Loan
Repayment Due Date:
December 31, 2024
Repayment Terms
Installment Period: 1 Month
Repayment Frequency: 1
Repayment Details
| ● | Repayment Date |
| ● | Principal |
| ● | Interest |
| ● | Total |
| ● | Interest Rate |
| ● | Designated Bank Account (Sumitomo Mitsui Banking Corporation, Kameido Branch) |
Repayment Schedule (Loan Account No. 225110)
To:
YOSHITSU Co., Ltd.
| Loan Date | (Amendment Date) | Loan Amount (JPY) | Use of Funds | Type of Claim | Repayment Deadline | |||||
| June 22 2018 | June 20, 2024 | 200,000,000 | Equipment | Facility-related Loan | December 31, 2024 (Reiwa 6) |
Repayment Schedule Details (Excerpt)
Loan Purpose: Operating Funds
Loan Amount: ¥200,000,000
Designated Account for Transfer: Sumitomo Mitsui Banking Corporation (SMBC), Kameido Branch
Account Number: 33083
Interest Rate: 3.20% per annum
Repayment Details Table
| Scheduled Payment Date | Principal | Interest | Total payment | Balance Remaining | Days | Interest Rate |
|||||||||||||
| June 19, 2024 | - | ¥ | 314,293 | ¥ | 314,293 | ||||||||||||||
| June 30, 2024 | ¥ | 33,083 | 2 | 3.20 | % | ||||||||||||||
| ¥ | 148,875 | ¥ | 181,958 | ¥ | 188,679,200 | 9 | 3.20 | % | |||||||||||
| July 31, 2024 | - | ¥ | 512,793 | ¥ | 512,793 | ¥ | 188,679,200 | 31 | 3.20 | % | |||||||||
| August 31, 2024 | ¥ | 512,793 | ¥ | 512,793 | ¥ | 188,679,200 | 31 | 3.20 | % | ||||||||||
| September 30, 2024 | ¥ | 496,252 | ¥ | 496,252 | ¥ | 188,679,200 | 30 | 3.20 | % | ||||||||||
| October 31, 2024 | - | ¥ | 512,793 | ¥ | 512,793 | ¥ | 188,679,200 | 31 | 3.20 | % | |||||||||
| November 30, 2024 | ¥ | 496,252 | ¥ | 496,252 | ¥ | 188,679,200 | 30 | 3.20 | % | ||||||||||
| December 31, 2024 | ¥ | 188,679,200 | ¥ | 512,793 | ¥ | 189,191,993 | - | 31 | 3.20 | % |
Important Notes
| 1. | If “Separate Notice” is mentioned in the first row of the table, Japan Finance Corporation will separately send a payment calculation sheet. Please make payments according to the instructions in that sheet. |
| 2. | After the full disbursement of the loan amount, please ensure the repayment of the principal and interest as per the terms by the due date. If payments are delayed for any reason, penalty interest at a rate of 8.9% per year will be applied to the outstanding principal, and you will be required to pay the additional amount accordingly. However, if the due date falls on a holiday, payments made on the next business day will not incur any penalty. |
| 3. | Example of Calculation: Repayment Date: 10th Payment Date: 25th Repayment Amount: 500,000 yen Interest: 27,125 yen Total: 527,125 yen Penalty Interest Calculation: 500,000 yen × 8.9% × 5 days = 1,828 yen Total Payment: 527,125 yen + 1,828 yen = 528,953 yen |
| 4. | If there was any discrepancy in previous payments, it will not match the amounts shown in the table. You will be contacted accordingly. |
| 5. | The calculations in the table have been carefully reviewed. If you have any doubts, please contact us. |
| 6. | Please keep this Repayment Terms Table in a safe place. If it is lost or damaged, please notify us immediately. |