Confirmation of Loan Amount. The Borrower and the Lender confirm and acknowledge that afer giving effect to the contemporaneous conversion of $1,750,000 of the principal amount of the Liabilities hereunder into 175,000 shares of Series C Stock, the outstanding Liabilities of the Borrower under the Agreement as of the date of this First Amendment are as follows: Principal $11,750,000 Accrued Interest $875,747 Lender's costs and Expenses Associated with the Restructuring $26,620
Confirmation of Loan Amount. The total amount of the loan, the sum amount based on the Obligor’s repayment plan, receipts and other methods, made available from the Bank to the Obligor shall be confirmed at the time of initial disbursement of the loan (in case of lump sum disbursement per each accounts) or at the time of final disbursement of the loan (in case of multiple disbursements) in accordance with the following criteria by referring to the repayment schedule, receipts, etc.: KRW Loan KRW40,000,000,000- A sum of disbursed amount in KRW. Foreign Currency-denominated KRW Loan KRW-. A sum of disbursed amount denominated in foreign currency exchanged from KRW at the current basic rate of exchange on the date of disbursement. Foreign Currency Loan KRW-. A sum of disbursed amount in foreign currency. [English Translation]
