Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 212

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 7
Chunk 212
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 Contracts
Transactions with our related companies (which include transactions with Thunder Bridge or its affiliate 
between the date of entering into the Business Combination Agreement in March 2022 and completing the Business 
Combination in December 2024, to help support completing the Business Combination) include or have included:
•a currently unused subordinated line of credit for Coincheck, for a total of up to ¥6,000 million, with
Monex Finance Corporation, a subsidiary of Monex;
•currency forward transactions with Monex’s brokerage subsidiary to purchase $1.2 million in exchange
for Japanese yen, which was settled on July 31, 2024;
•certain cross-selling transactions with Monex’s brokerage firm subsidiary related to the buying and
selling of held crypto assets;
•a loan agreement for a line of credit (in USD) with Monex Finance Corporation, as lender, and
Coincheck Parent, as borrower, originally dated December 11, 2024, as amended and restated as of
March 31, 2025, for the purpose of operating capital, with a maximum borrowing amount of $16
million (¥2,400 million), with $5 million (¥751 million) outstanding as of March 31, 2025 (and $12.5
million outstanding as of the date of this report), and interest that accrues on the unpaid amount at a
rate of 135 basis points above the Secured Overnight Financing Rate as published by the Federal
Reserve Bank of New York;
•a business management services agreement with Monex that was terminated prior to completing the
Business Combination, which covered services such as guidance, consulting and support for general
management functions; the consideration payable was calculated as 5% of Coincheck’s total revenue
net of cost of sales (variable fees), and for the fiscal years ended March 31, 2023, 2024 and 2025,
Coincheck paid a total of ¥363 million, ¥458 million and ¥397 million, respectively;
•in connection with supporting the Business Combination, a $100,000 line of credit (in USD) from
Monex to Coincheck Parent, dated September 22, 2022, and terminated on March 31, 2025, under
which the remaining balance of $10,733 was repaid in February 2025;
•in connection with supporting the Business Combination, a promissory note (in USD) for a total of up
to $