On May 31, 2024, Pixie Dust Technologies, Inc. (the "Company") reached an agreement with The Shoko Chukin Bank Ltd. (the "Lender") to obtain new debt financing (the "New Debt") in the amount of JPY 1 billion. Below is an outline of terms and conditions of New Debt. Loan Amount: JPY 1,000,000,000.

Use of funds: Working capital. Borrowing Date: May 31, 2024. Maturity Date: September 30, 2025.

Principal Repayment Method: Pay in a lump sum on the Maturity Date. Base Rate: The lender's short term prime interest rate on each interest payment date. Spread: 2.525% per annum.

Applicable Interest Rate: Interest rate calculated by adding a spread to the base interest rate.