OFFICE PURCHASE AGREEMENT (English Summary)
Exhibit 10.6
OFFICE PURCHASE AGREEMENT (English Summary)
| Date: |
July 31, 2002 | |
| Seller: |
IT’S TV Co., Ltd., located at 0xx Xxxxx, Xxxxxx Xxxxxxxx Building No. C (Daelim Acrotel) 000-0 Xxxxx-xxxx, Xxxxxxx-xx, Xxxxx, Xxxxx | |
| Purchaser: |
Webzen Inc., located at 0xx Xxxxx, Xxxxxx Xxxxxxxx Building No. C (Daelim Acrotel) 000-0 Xxxxx-xxxx, Xxxxxxx-xx, Xxxxx, Xxxxx | |
| Property: |
Building: 20,323.5 square feet, including exclusive area (8,990.4 square feet) and common use areas, located at Suite Xx. 000, 0xx Xxxxx, Xxxxxx Xxxxxxxx Building No. C (Daelim Acrotel) 000-0 Xxxxx-xxxx, Xxxxxxx-xx, Xxxxx, Xxxxx Land: 155,560 square feet, located at 000-0 Xxxxx-xxxx, Xxxxxxx-xx, Xxxxx, Xxxxx (125.391/14000.4 ownership) Fixtures: All fixtures including electricity and gas facilities | |
| Sales Price: |
(Won)3,319,800,000 plus value added tax | |
| Payment: |
(Won)700,000,000 on July 31, 2002 (Won)300,000,000 on August 7, 2002 (Won)2,000,000,000 on February 28, 2003 (Won)319,800,000 plus value added tax on March 31, 2003 | |
| Transfer of Title: |
Title to the Property shall be transferred upon (i) the third installment of Sales Price and (ii) the record of title transfer on the real property registry.(1) | |
| Possession: |
Purchaser shall take possession of the Property upon full payment of Sales Price. | |
| (1) | Webzen Inc. is recorded as owner of the Property on March 26, 2003. |
