EXHIBIT 10.15
CONTRACT OF LOAN TRANSACTION
(Enterprise)
The bank shall explain the key contents of this contract and distribute the
copies of this contract and the bank's standard contract of loan transaction.
--------------------------------------------------------------------------------
Corporation Shinhan Bank Date: 2003.02.21
Customer Number:
Name (pledgee): (Sign)
---------------------------------
Address:
Pledgee: (Sign)
---------------------------------
Address:
I understand that in the loan transaction with Corporation Shinhan bank
(hereinafter referred to as the "Bank") according to the conditions hereinafter,
the standard contract of loan transaction (includes deposits transaction
contract for enterprise, current account loan and savings loan) will be applied.
I duly recognize the following articles.
ARTICLE 1 CONDITIONS OF TRANSACTION
The conditions of transaction are as follows.
(In the event there are multiple choices, please listen to the employee's
explanation and place a check ▇▇▇▇ inside the appropriate [ ] )
------------------------------------------------------------------------------------------------------------
Transaction [ ] Line transaction
Loan subject: classification: [ ] Independent transaction
---------------- -------------------------------- --------------------------- ---------------------------
Loan(Limit)
Amount Two Billion Won, W 2,000,000,000
---------------- ------------------------------------------------------------------------------------------
Commencement
Date 200 . . Expiry date 200 . .
---------------- -------------------------------- --------------------------- ---------------------------
[ ] Fixed (standard
contract of loan Period of Interest
Interest rate, transaction Article 3 % pa until expiry Variation
miscellaneous. Clause 2 Section 1) ( ) ( )
---------------- -------------------------------- --------------------------- ---------------------------
[ ] Market interest variable loan or (new) standard
[ ] Variable (standard variable loan: ( ) + ( ) %
contract of loan [ ] Deposit interest variable loan: deposit interest +
Interest rate, transaction Article 3 ( ) %
miscellaneous. Clause 2 Section 2) [ ] Single interest variable loan: single interest ( )
-------------------------------- --------------------------------------------------------
For installment loan, each independent loan execution date interest is applied
---------------- ------------------------------------------------------------------------------------------
1. With 365 days considered as 1 year, interest is calculated on a daily basis. But
Calculation of in foreign transactions, international and business customs will be applied.
interest and 2. Arrears compensation rate is determined by the bank, at maximum ( ) % pa.
arrears 3. Delayed addition rate is ( ) % if delay is within ( ) months, ( ) % within () months,
compensation and ( )% for over ( ) months.
---------------- ------------------------------------------------------------------------------------------
[ ] Market interest variable loan - Premature repayment loan amount X {( ) % + interest
difference (%) X (remaining days/365)} (Maximum %)
[ ] (new) Standard interest variable loan, market interest fixed loan, foreign currency
Premature loan, single interest loan - more than 1 year remaining : Premature repayment loan amount
repayment X ( )% - less than 1 year remaining : Premature repayment loan amount X ( )%
service charge [ ] Miscellaneous ( )
---------------- ------------------------------------------------------------------------------------------
Limit contract
Service charge [ ] Loan limit amount X ( )% pa paid according to Article 7
---------------- ------------------------------------------------------------------------------------------
1
[ ] Execute the whole amount on commencement of loan
[ ] Part execution after confirmation of the bank of capital purpose and required amount
based on documentary evidence and spot goods
[ ] Execute as required by the customer with preset credentials
Method of loan [ ] Miscellaneous
execution ( )
---------------- ------------------------------------------------------------------------------------------
[ ] Repayment of the whole amount on expiry of loan
[ ] Defer payment for ( ) years ( ) months after
commencement, installment repayment from ( ) ( ) ( ) every
( )months
[ ] After final loan execution, installment repayment
every ( ) months from ( ) ( ) ( ) without deferring
[ ] Installment repayment every month on the
corresponding day of execution of loan from loan
execution
[ ] Repaid freely over time, the remaining amount shall
be repaid temporarily before or on the expiry of first
revolution, the whole amount shall be repaid on the expiry
of loan period [x] Any bank deposit
Method of [ ] Miscellaneous repayments through ATMs or
repayment ( ) electronic banking means
---------------- ---------------------------------------------------------- after bankbusiness hours
[ ] Initial interest on commencement, latter interests may not berecorded as being
will be paid prior on upon final calculation of paid repaid on theday
interest
[ ] Paid prior before expiry of ▇▇▇▇
[ ] Initial interest will be paid within ( ) months of
commencement, latter interests will be paid within ( )
months of the day after final calculation of paid interest
[ ] Paid on repayment date of installment repayment
Time and method principal and interest or payment date of monthly deposit
of interest [ ] Paid upon expiry on loan period
payment and [ ] Miscellaneous
method ( )
---------------- ------------------------------------------------------------------------------------------
Concerning deposit trust loans, if monthly deposit is arrayed for 4 consecutive months,
Offset special the bank may offset related account and loaned money before the expiry of loan period
condition with notice
---------------- ------------------------------------------------------------------------------------------
2
ARTICLE 2 ALTERATION OF LOAN INTEREST RATE
1. "Market interest variable loan" refers to loans that change interest rate due
to changes in market standard interest or announced interest, and is applied to
sections hereinafter.
1. The market standard interest of market interest variable loan means for won
currency loan interest selected by the customer during the initial application
of average of last 3 days' interest announced by the bank on loan execution date
or interest change date among the following retail earning rates; CD91 days'
worth, bank debenture 6 months' worth, bank debenture 1 year's worth, bank
debenture 2 years' worth, bank debenture 3 years' worth, bank debenture 5 years'
worth. For foreign currency loan, it means interest selected by the customer
during the initial application among the following; LIBOR 1 month, 3 months, 6
months, 12 months' worth. FOR INDIVIDUAL DIFFERENCES IN EACH RESPECTIVE MARKET
STANDARD INTEREST, THE FOLLOWING CHANGE PERIOD AND APPLICATION PROCEDURE IS
APPLIED.
(1) CD 90 DAYS' WORTH STANDARD INTEREST apply 3 business days' simple
average interest of CD 91 days' worth retail earning rate ad valorem
announced by KSDA on loan execution date and that date every 3 months. Thus
the interest rate changes every 3 months.
(2) BANK DEBENTURE 6 MONTHS' WORTH STANDARD INTEREST apply 3 business
days' simple average interest of periodical bank debenture AAA ad valorem
announced by KIS Bond Pricing and Korean Bond Pricing on loan execution
date and that date every 6 months. Thus the interest rate changes every 6
months.
(3) BANK DEBENTURE 1 YEAR'S WORTH STANDARD INTEREST apply 3 business
days' simple average interest of periodical bank debenture AAA ad valorem
announced by KIS Bond Pricing and Korean Bond Pricing on loan execution
date and that date every year. Thus the interest rate changes every year.
(4) BANK DEBENTURE 2 YEARS' WORTH STANDARD INTEREST apply 3 business
days' simple average interest of periodical bank debenture AAA ad valorem
announced by KIS Bond Pricing and Korean Bond Pricing on loan execution
date and that date every 2 years. Thus the interest rate changes every 2
years.
(5) BANK DEBENTURE 3 YEARS' STANDARD INTEREST apply 3 business days'
simple average interest of periodical bank debenture AAA ad valorem
announced by KIS Bond Pricing and Korean Bond Pricing on loan execution
date and that date every 3 years. Thus the interest rate changes every 3
years.
(6) BANK DEBENTURE 5 YEARS' WORTH STANDARD INTEREST apply 3 business
days' simple average interest of periodical bank debenture AAA ad valorem
announced by KIS Bond Pricing and Korean Bond Pricing on loan execution
date and that date every 5 years. Thus the interest rate changes every 5
years.
(7) LIBOR 1 MONTH'S WORTH STANDARD INTEREST applies the business day
interest supplied by official communication institution (Reuters, Telerate,
Bloomberg, etc) and announced by BBA (British Bankers Association) on 11 am
in London, United Kingdom on loan execution date and that date every month.
Thus the interest rate changes every month.
(8) LIBOR 3 MONTHS' WORTH STANDARD INTEREST applies the business day
interest supplied by official communication institution (Reuters, Telerate,
Bloomberg, etc) and announced by BBA (British Bankers Association) on 11 am
in London, United Kingdom on loan execution date and that date every 3
months. Thus the interest rate changes every 3 months.
(9) LIBOR 6 MONTHS' WORTH STANDARD INTEREST applies the business day
interest supplied by official communication institution (Reuters, Telerate,
Bloomberg, etc) and announced by BBA (British Bankers Association) on 11 am
in London, United Kingdom on loan execution date and that date 6 months.
Thus the interest rate changes every 6 months.
(10) LIBOR 12 MONTHS' WORTH STANDARD INTEREST applies the business day
interest supplied by official communication institution (Reuters, Telerate,
Bloomberg, etc) and announced by BBA (British Bankers Association) on 11 am
in London, United Kingdom on loan execution date and that date every 12
months. Thus the interest rate changes every 12 months.
2. The announced interest of market standard interest variable loan means the
simple average interest of 3 business days of CD 91 days' worth ad valorem
announced by KSDA, and based on simple standard interest, periodical announced
interest calculated daily from day 1 till year 30, including asset expenditure
of bank debenture AAA of bank debenture 6 months' worth, bank debenture 1 year's
worth, bank debenture 2 years' worth, bank debenture 3 years' worth, bank
debenture 5 years' worth of ad valorem announced by KIS Bond Pricing and Korea
Bond Pricing. For discount bills, purchase funds, trade funds will be applied in
addition to independent daily announced interest considering total limit loan
effect, for current account loan and comprehensive savings loan the interest
announced by the bank will be applied daily to each respective balance.
3
2. "(new)Standard interest variable loan means loans with variable interest
altered by application of (new)standard interest announced by the bank,
(new)standard interest refers to interest calculated by adding appropriate
expenditure, margin and work principal to the bank's average supply principal,
and is applied to the loan interest rate each time (new)standard interest is
changed.
3. "Single interest variable loan" means loans with applied interest announced
by this bank or fund loan institutions, the interest rate will be applied
according to each loan subject and the change of announced interest of this bank
or fund loan institutions during the contract period.
4. "Deposit interest variable loan" means pledging the customers' deposits
banking as guarantee, the interest rate will be applied according to the change
of deposit interest of the deposit banking.
ARTICLE 3 PREMATURE REPAYMENT SERVICE CHARGE
1. In the event of premature repayment of the loan (includes extended period if
loan period was extended), premature repayment service charge will be paid to
the bank as to Article 1.
2. The premature repayment service charge is calculated by multiplying premature
repayment loan amount to the premature repayment service charge rate in Article
1, the calculation of premature repayment loan amount is as follows.
1. "Premature repayment loan amount" is the loan amount to be repaid before
the expiry of contract, for installment repayment loan it includes loan amount
repaid before the date of agreed upon installment repayment.
2. "Remaining days" is the number of days from the date of premature
repayment to the initial date of contract, for installment repayment loan it is
calculated for each installment amount, premature repayment is made in the order
of expiry of installment repayment date.
3. "Interest difference" is the agreed upon interest of the initial loan
contract minus the interest that would be applied on the date of premature
repayment on a new loan with the same conditions as the initial loan.
3. Premature repayment service charge is exempted in the following cases in the
sections hereinafter.
1. The remaining period of the loan is less than a month
2. Reclaiming of the loan by the bank before the expiry due to loss of
periodic rights, etc
3. Offsetting the deposit before the expiry due to the needs of this bank
4. For loans with a building as a guarantee, when the debtor changes due to
the transfer of the said building's pledge rights
5. For public servants' loan, when the debtor repays the debt with retirement
wage
6. For fixed interest loan, with the change of interest in the bank's
standard contract of loan transaction or with (new)standard interest variable
loan, in (new)standard interest or with single standard interest variable loan
in the change of single interest announced by the bank, the debtor with the
above reasons repays the entire loan amount within a month of the interest
change.
ARTICLE 4 ARREARS COMPENSATION
1. In the event interests, installment payment or installment payment principal
and interest is not paid by the due date, arrears compensation shall be made
according to the amount that was to be paid.
2. In the event the debt is not discharged at the expiry of the loan or the
interest of the expiry date lost according to standard contract of loan
transaction Article 7 (including standard contract of loan transaction Article
9, redemption debt of discount ▇▇▇▇), arrears compensation shall be made
according to the amount of loan remaining.
3. For deposit trust loan, arrears compensation shall be made for interest to be
paid before offset and loan balance after offset.
4
ARTICLE 5 TOTAL AMOUNT OF LOAN AND NOTIFICATION OF INSTALLMENT REPAYMENT DATE
CHART
1. In the case of an installment repayment loan, the total amount of debt will
be decided after the execution. The method of execution will be based on
installment repayment date chart, receipts and other evidences.
2. In the case of installment repayment loan other than installment credit loan
and benefit, the bank shall make out and notify the debt-related persons of an
installment repayment date chart.
ARTICLE 6 REDUCTION AND SUSPENSION
1. In the case of a limit transaction or an installment loan, the bank may
decide to reduce the loan (line) amount in Article 1 through notice or
temporarily stop the loan execution regardless of the transaction period due to
sudden changes in national economy and financial state or significant
deterioration of personal credit state of the debtor. In this event the debtor
shall pay any amount exceeding the line due to the reduction.
2. The sudden changes in national economy and financial state in Clause 1 refers
to credit rating drop of 2 steps or more of the nation or the bank, predicted
difficulties in supplying capital to the bank through significant rise of supply
interest, emergency fund request of the nation to an international institution
through dangers such as foreign currency crisis, request of the bank to Korea
Bank of fluidity control loan due to lack of payout ability, and other sudden
changes to national economical and financial status.
3. Significant deterioration of personal credit state of the debtor refers to
difficulties in normal loan transactions due to changes in management personnel,
outside inspectors opinion is either unsatisfactory, news reports on newspapers,
TVs and other mass media predicting significant deterioration of credit status
is proven to be true, in the event of an investigation that could negatively
effect credit status or court actions that could negatively effect business and
loss of periodic rights as regulated in the bank's standard contract of loan
transaction (enterprise) Article 7.
4. The bank shall withdraw the reduction or the suspension caused by the reasons
stated in Clause once such matters are solved and normal loan transaction is
possible.
ARTICLE 7 LIMIT CONTRACT SERVICE CHARGE
1. For loan transaction contracts (includes new, extension and renewal) of loan
limits with limit contract service charge, the entire amount in accordance with
the rate in Article 1 will be paid.
2. In the event of alteration (reduction, expiry, termination, suspension)
through the debtor's request or through chargeable reasons in bank's standard
contract of loan transaction (enterprise), loan transaction contract or this
contract, limit contract service charge will not be refunded.
3. In the event of alteration (reduction, expiry, termination, suspension)
through no chargeable reasons in bank's standard contract of loan transaction
(enterprise), service charge applicable to the changed amount of contract limit
will be refunded on monthly percentage (percentage below month is ignored) from
the time of change of contract limit to the remaining time of the initial
transaction period.
4. In the event of augmentation of contract limit, limit contract service charge
is paid from the time of change of contract limit to the remaining period on
percentage (percentage below month is ignored).
5
ARTICLE 8 AGREEMENT ON COMPREHENSIVE SAVINGS LOAN AND CURRENT ACCOUNT LOAN
1. In the event of existence of debt incurred by this contract, and assets
(deeds are exempted until settled, deposited bills are considered transferred to
the bank as a security to the bank) deposited registered in savings loan or
current account loan (hereinafter referred to as the "target account") will
automatically used to repay loan amount in the order of arrears compensation,
unpaid interests and loan principal.
2. In the event of withdrawal request exceeding the balance of the savings loan
account or current account loan account, automatic payment request of regular
payment and other various bills, the amount is considered as having been
withdrawn or automatically paid from the target account.
3. Interests and arrears compensation shall be subtracted from target account or
added to the loan amount regardless of the limit amount in Article 1, in case of
delay of payment of interests due to shortage of limit amount the interest that
was not paid (hereinafter referred to as "unpaid interest") will be paid in
which case compensation shall be made. For unpaid interest, arrears
compensation will be made according to the determined rate.
4. For current account loan, in the event of incurring claims to the bank
through bills or checks issued by the debtor due to this contract, the amount
shall be considered as loan amount debt and repaid according to this contract.
5. For current account loan, if bills or checks issued before reduction or
suspension in Article 6 is refused payout, there will be no disputes.
6. For current account loan, if required, such as due to significant
disadvantage to the debtor through refusal of payout of checks or bills, the
bank may payout bills or checks issued before the expiry of the loan transaction
after the expiry of loan transaction. The loan amount incurred through this
process will also be subject to this contract.
7. In the event of 14 days delay after unpaid interest occurs, loss of periodic
rights occurs and from this point on arrears compensation shall be made
according to the determined rates as to the related loan amount.
ARTICLE 9 REVENUE STAMP
1. Revenue stamp cost incurred by this contract shall be paid by ([ ]debtor, [
]bank, [ ]debtor and bank 50% each ).
2. In the event the bank pays the revenue stamp cost that was to be paid by the
debtor according to Clause 1, it shall be paid within a short period according
to bank's standard contract of loan transaction Article 4.
ARTICLE 10 REPAYMENT CURRENCY AND EXCHANGE RATES
Principal and interest of foreign currency loan may be repaid with loaned
currency or with
won currency. Exchange rate in the event of repayment through won currency the
telegraph
transfer sales rate towards customer shall be applied.
ARTICLE 11 SECURITY AND INSURANCE
The debtor will pledge any buildings or installed facilities along with the land
or building
it is built on and including any miscellaneous facilities within as a security
to the bank
unless otherwise stated by the bank. If the bank so requests, the debtor shall
enter into
an insurance of the type and the amount agreed by the bank and place a pledge
for the bank
on the insurance claim.
ARTICLE 12 SECURITY RIGHT
1. A pledge has been placed on the deposit shown below and transfer of its
evidence (bank book) to the bank complete for the security of the debt by this
contract.
6
2. The effect of the pledge in Clause 1 includes principal and interest, earning
rights (includes any amount deposited after the contract) and any collaterals to
the above including interests, earning rights to earnings, special subsidies and
court subsidies.
3. The effects of the above pledge will persists in the event of extension of
period, rewriting, renewal, division, incorporation, augmentation or reduction
of the deposit, and if the trust, the target, has been extended or automatically
extended due to arrears the pledge will still have effect above its earning
rights.
4. The bank may elect not to exercise the pledge stated in Clause 1 and instead
opt for proxy appropriation of restoration repayment or apply commercial customs
for the debt of the bank and the deposit shown below according to the bank's
standard contract of loan transaction.
* Deposits for the purpose of pledge
Deed record Holder or
number ▇▇▇▇▇▇▇ Amount Total deposit
Type -------------- ----------- (Contractual Amount til Date on deed Payment date
Amount) 20 . .
Account number Beneficiary
------ -------------- ----------- -------------------- --------------------------- ------------ ------------
-------------- -----------
------ -------------- ----------- -------------------- --------------------------- ------------ ------------
-------------- -----------
------ -------------- ----------- -------------------- --------------------------- ------------ ------------
-------------- -----------
------ -------------- ----------- -------------------- --------------------------- ------------ ------------
ARTICLE 13 DUTY OF MAINTENANCE OF REPAYMENT MEANS
1. I shall maintain adequate financial ratio as shown below for the purpose of
maintaining repayment means for the debts incurred by this contract. In the
event of other clauses such as Financial Structure Improvement, it shall be
affixed to the end of this transaction contract and considered a part of this
transaction contract.
Classification 20 . 20 . 20 . 20 . 20 .
---------------- ----- ----- ----- ----- -----
Debt ratio % % % % %
Self asset ratio % % % % %
( )ratio % % % % %
( )ratio % % % % %
2. In the event of the following, the bank shall be consulted and agreed upon in
advance.
1. Merger, business transfer/acquisition and other sale/rent of important
assets
2. Investment on fixed assets for reasons other than specified in the
contract
3. Surety for other's debts
4. Entering new business or foreign investment
5. Company structure work out, privatization, or any other significant
management changes
4
7
ARTICLE 14 SUBMISSION OF DATA
1. I agree to submit the following documents stated below in each respective
period and any other documents required for the maintenance of the loan contract
on the bank's request according to bank's standard contract of loan transaction
Article 17 and Article 19.
1. Each quarter : Surtax returns, trial balance of totals and balances,
statement of current debts, sales estimates to customers and of items
2. Each half-year : Half-year accounts report, surtax returns, trial
balance of totals and balances, statement of current debts, sales estimates to
customers and of items
3. Each year : Certified public accountant's inspection report (financial
statement of settlements), related statement of settlements, corporation
registration transcript, business registry, shareholders book, article of
corporation, summary sheet of earned income tax collected, estimated statement
of settlements (3 years), state of major business relations, copies each permits
and technology permit related documents (KS, ISO, patent rights, etc),
labor-management dispute statement, miscellaneous product descriptions,
concentric trades reference data, etc.
4. On demand : Trial balance of totals and balances, statement of current
debts, documentary evidence of asset spending, etc.
2. I agree to submission of the following documents on request of the bank for
the purpose of the company's foreign currency risk state and maintenance
conditions in evaluating credit information.
1. Foreign currency risk maintenance structure and maintenance regulations
conditions
2. Foreign currency supply and application statement
3. Foreign currency derivative product trade statement
ARTICLE 15 MISCELLANEOUS SPECIAL CLAUSES
I have received the bank's standard contract of loan transaction and the copy
of this contract, and have sufficiently heard and understood its contents
Written notification of
the contract details:
Name [ ]Required
(pledgee) [ ]Not required
--------------------------------------------- -----------------------
[ ]Required
Pledgee [ ]Not required
--------------------------------------------- -----------------------
Confirmation Place: Position: Name:
8
CHANGE OF LOAN TRANSACTION CONDITIONS AND ADDITIONAL CLAUSES
-----------------------------------------------------------
(Extension of period, change of conditions, change of limit)
To Shinhan Bank
The bank shall explain the key contents of this contract and distribute the
copies of this contract and the bank's standard contract of loan transaction.
In charge Responsible Check
---------- ----------- -----
I would like to change the conditions of the loan contract and confirm the
additional clauses.
1. Extension of period
Expiry Miscellaneous
Loan after Applied (account
Loan time subject Loan Limit Expiry extension Interest number)
--------- --------- ----------- -------- --------- -------- --------------
Purchase Two billion
fund loan won 2004.2.5 2005.2.4
--------- --------- ----------- -------- --------- -------- --------------
2. Change of conditions (Change and termination of loanee, pledge, security)
Miscellaneous
Loan (account number,
Loan time subject Loan Limit Expiry Applied interest contents of security)
------------------- ------- ---------- ------------ ---------------- ---------------------
2004.2.5
------------------- ------- ---------- ------------ ---------------- ---------------------
Before change: After change:
---------------------------------------- -----------------------------------------------------
-----------------------------------------------------------------------------------------------
Reason for change :
-----------------------------------------------------------------------------------------------
3. Change of limit
Amount before Amount after Miscellaneous
Loan time Loan subject change change (account number)
--------- ------------ ------------- ------------ ----------------
--------- ------------ ------------- ------------ ----------------
9
1. I have received the bank's standard contract of loan transaction and the copy
of this contract, and have sufficiently heard and understood its contents
2. The joint sureties have sufficiently heard and understood the contents of the
debtors debt state, arrears state and credit condition
Written notification of
the contract details:
Name [ ]Required
(pledgee) [ ]Not required
--------------------------------------------- -----------------------
[ ]Required
Joint Surety [ ]Not required
--------------------------------------------- -----------------------
[ ]Required
Joint Surety [ ]Not required
--------------------------------------------- -----------------------
[ ]Required
Joint Surety [ ]Not required
--------------------------------------------- -----------------------
* Debtor (pledgee): Phone:
Address: Company/Cell:
* Joint surety: Phone:
Address: Company/Cell:
* Joint surety: Phone:
Address: Company/Cell:
* Pledgee: Phone:
Address: Company/Cell:
Confirmation Place: Position: Name:
(Notes)
1. For extension of corporate loan, no signature is required for limited or
comprehensive mortgage pledgee
2. Include the interest changes in case of interest change for extension of loan
3. In the event the surety changes, record old joint surety in before change
column and new joint surety in after change column, for those with immunity,
record immunity in after change column
4. In changing surety (immunity), record the surety type and limit in the
miscellaneous column of the corresponding loan
5. In adding surety, record "Addition of surety" in the reasons for change
column.
10
CHANGE OF LOAN TRANSACTION CONDITIONS AND ADDITIONAL CLAUSES
-----------------------------------------------------------
(Extension of period, change of conditions, change of limit)
To Shinhan Bank
The bank shall explain the key contents of this contract and distribute the
copies of this contract and the bank's standard contract of loan transaction.
In charge Responsible Check
---------- ----------- -----
I would like to change the conditions of the loan contract and confirm the
additional clauses.
1. Extension of period
Expiry Miscellaneous
Loan after Applied (account
Loan time subject Loan Limit Expiry extension Interest number)
--------- --------- ------------- -------- --------- -------- --------------
Purchase 1,080,000,000
fund loan won
--------- --------- ------------- -------- --------- -------- --------------
2. Change of conditions (Change and termination of loanee, pledge, security)
Miscellaneous
Loan (account number,
Loan time subject Loan Limit Expiry Applied interest contents of security)
------------------- ------- ---------- ------------ ---------------- ---------------------
2004.2.5
------------------- ------- ---------- ------------ ---------------- ---------------------
Before change: After change:
---------------------------------------- -----------------------------------------------------
-----------------------------------------------------------------------------------------------
Reason for change :
-----------------------------------------------------------------------------------------------
3. Change of limit
Amount before Amount after Miscellaneous
Loan time Loan subject change change (account number)
--------- ------------ ------------- ------------- ----------------
Purchase 1,350,000,000 1,080,000,000
2003.2.21 fund loan won won ▇▇▇-▇▇-▇▇▇▇▇▇
--------- ------------ ------------- ------------- ----------------
11
1. I have received the bank's standard contract of loan transaction and the copy
of this contract, and have sufficiently heard and understood its contents
2. The joint sureties have sufficiently heard and understood the contents of the
debtors debt state, arrears state and credit condition
Written notification of
the contract details:
Name [ ]Required
(pledgee) [ ]Not required
--------------------------------------------- -----------------------
[ ]Required
Joint Surety [ ]Not required
--------------------------------------------- -----------------------
[ ]Required
Joint Surety [ ]Not required
--------------------------------------------- -----------------------
[ ]Required
Joint Surety [ ]Not required
--------------------------------------------- -----------------------
2005. 8. 4
* Debtor (pledgee): Phone:
Address: Company/Cell:
* Joint surety: Phone:
Address: Company/Cell:
* Joint surety: Phone:
Address: Company/Cell:
* Pledgee: Phone:
Address: Company/Cell:
Confirmation Place: Position: Name:
(Notes)
1. For extension of corporate loan, no signature is required for limited or
comprehensive mortgage pledgee
2. Include the interest changes in case of interest change for extension of loan
3. In the event the surety changes, record old joint surety in before change
column and new joint surety in after change column, for those with immunity,
record immunity in after change column
4. In changing surety (immunity), record the surety type and limit in the
miscellaneous column of the corresponding loan
5. In adding surety, record "Addition of surety" in the reasons for change
column.
12
CHANGE OF LOANTRANSACTION CONDITIONS AND ADDITIONAL CLAUSES
-----------------------------------------------------------
(Extension of period, change of conditions, change of limit)
To Shinhan Bank
The bank shall explain the key contents of this contract and distribute the
copies of this contract and the bank's standard contract of loan transaction.
In charge Responsible Check
---------- ----------- -----
I would like to change the conditions of the loan contract and confirm the
additional clauses.
1. Extension of period
Expiry Miscellaneous
Loan after Applied (account
Loan time subject Loan Limit Expiry extension Interest number)
--------- --------- ----------- -------- --------- -------- --------------
Purchase 870,000,000
fund loan won
--------- --------- ----------- -------- --------- -------- --------------
2. Change of conditions (Change and termination of loanee, pledge, security)
Miscellaneous
Loan (account number,
Loan time subject Loan Limit Expiry Applied interest contents of security)
------------------- ------- ---------- ------------ ---------------- ---------------------
2004.2.5
------------------- ------- ---------- ------------ ---------------- ---------------------
Before change: After change:
---------------------------------------- -----------------------------------------------------
-----------------------------------------------------------------------------------------------
Reason for change :
-----------------------------------------------------------------------------------------------
3. Change of limit
Amount before Amount after Miscellaneous
Loan time Loan subject change change (account number)
--------- ------------ ------------- ------------ ----------------
--------- ------------ ------------- ------------ ----------------
13
1. I have received the bank's standard contract of loan transaction and the copy
of this contract, and have sufficiently heard and understood its contents
2. The joint sureties have sufficiently heard and understood the contents of the
debtors debt state, arrears state and credit condition
Written notification of
the contract details:
Name [ ]Required
(pledgee) [ ]Not required
--------------------------------------------- -----------------------
[ ]Required
Joint Surety [ ]Not required
--------------------------------------------- -----------------------
[ ]Required
Joint Surety [ ]Not required
--------------------------------------------- -----------------------
[ ]Required
Joint Surety [ ]Not required
--------------------------------------------- -----------------------
2006. 2. 4
* Debtor (pledgee): Phone:
Address: Company/Cell:
* Joint surety: Phone:
Address: Company/Cell:
* Joint surety: Phone:
Address: Company/Cell:
* Pledgee: Phone:
Address: Company/Cell:
Confirmation Place: Position: Name:
(Notes)
1. For extension of corporate loan, no signature is required for limited or
comprehensive mortgage pledgee
2. Include the interest changes in case of interest change for extension of loan
3. In the event the surety changes, record old joint surety in before change
column and new joint surety in after change column, for those with immunity,
record immunity in after change column
4. In changing surety (immunity), record the surety type and limit in the
miscellaneous column of the corresponding loan
5. In adding surety, record "Addition of surety" in the reasons for change
column.
14