Together Startup Network Ltd (TASE:TGTR) announced that it signed a convertible loan agreement with Global Union Corporation Ltd. to receive ILS 0.3 million in funding on December 7, 2016. The convertible loan does not bear any coupon and will not be linked to any indicator. The investor will be entitled to convert the loan into 0.2 million shares of the company within 6 months from signing, at a conversion price of ILS 1.50 per share. The conversion is subject to regulatory approvals, including that of the Tel-Aviv Stock Exchange.