Exhibit 10.6
AMENDMENT ON LEASE AGREEMENT
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This is an agreement (the "Agreement") between K-1 Corporate Restructuring
Real Estate Investment Trusts Company, Ltd. (the "Lessor") and WiderThan Co.,
Ltd. (the "Lessee") to amend the agreement (the "Lease Agreement") dated October
11, 2003, on leasing of K1 REIT building (463, Xxxxxxxxxx-xx 0-xx, Xxxxxxxxx-xx,
Xxxxx, Xxxxx) (the "Leased Building") as follows.
1. Clause 1 (Specifications of the Leased Building)
The Lessor agrees to lease the Leased Building specified below to the Lessee and
Lessee agrees to lease the Leased Building from the Lessor.
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Xxxxxxx 000, Xxxxxxxxxx-xx 0-xx, Xxxxxxxxx-xx, Xxxxx, Xxxxx
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Name of the K1 REIT Building (Previously Regent Fire & Marine Insurance
building Building)
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Floors 5 floors (14th, 15th, 16th, 17th and 0xx xxxxx)
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Area 7,209.42 m(2) (2,180.84 xxxxx) Purpose Business
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2. Clause 3. (Leasehold deposit)
1) The Lessee agrees to deposit interest-free leasehold deposit to the Lessor as
below. Full amount must be paid before the lease period starts.
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Lease Deposit Amount Payment date
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Existing deposit W 812,610,000 Already paid
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Additional deposit W 212,378,000 Date of signing
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Total W 1,024,988,000
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3. Clause 4 (Rent)
The Lessee will pay W 102,498,000 (W 47,000 per xxxxx) excluding VAT(Value Added
Tax) every month to the Lessor as rent.
4. Clause 5 (Maintenance expenses)
1) The Lessee will pay W 54,520,000 (W 25,000 per xxxxx) excluding VAT every
month to the Lessor as fixed maintenance expenses.
5. Clause 9 (Usage of parking lots)
The Lessee can use 40 parking lots (8 per floor) for free. The Lessee agrees to
abide by the Parking Lot Management Rules set by the Lessor separately.
6. This Agreement will take effect on April 21, 2004. Additional area on the 3rd
floor will be subject to below rent and maintenance expenses.
1) Maintenance expenses for 3rd floor will be applied starting June 1, 2004.
2) Rent for 3rd floor will be applied starting July 1, 2004.
Items not discussed in this Agreement will be regulated by the original Lease
Agreement and other amendments to the Lease Agreement.
In witness whereof, the undersigned, being duly authorized by their respective
Parties, have signed this agreement. This agreement is drafted and signed in
duplicate copies, both copies being equally authentic, and each copy shall be
kept by each party.
2004. 04. 21.
Lessor Name: K-1 Corporate Restructuring Real Estate Investment
Trusts Company, Ltd.
Address: 00X/Xxxx Xxxxx, 000-00 Xxxxxxx-xxxx, Xxxxxxx-xx, Xxxxx
/s/ Xxx, Ho-xxx
Xxx, Xx-xxx, CEO
Corporate registration number: 110111-2616534
Lessee Name:
WiderThan Co., Ltd.
Address: 463 Chungjeong-ro 3-ga, Seodaemun-gu, Seoul
/s/ Xxx Xxx So
Xxx Xxx So, CEO
Corporate registration number: 110111-1998701
