AGREEMENT TO AMEND REPAYMENT TERMS
Korea Investment Trust co., Ltd., the Creditor, and NewState Capital
Co., Ltd. (f/k/a Dongsuh Finance co., Ltd.) , the Debtor, dated September ,1998
as follows:
Article 3 (Terms of Reundertaking of Credit)
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The terms of reundertaking of credit shall be as follows :
1. Repayment of principal :
1/31/2000 : 10% of the principal (1.9 billion Won) 7/31/2000 : 20% of
the principal (3.8 billion Won) 1/31/2001 : 10% of the Principal (1.9
billion Won) 4/30/2001 : 10% of the principal (1.9 billion Won)
7/31/2001 : 10% of the principal (1.9 billion Won) 1/31/2002 : 40% of
the principal (7.6 billion Won)
2. Interest rate : Preferential interest rate (bank account) of the National
Agricultural cooperative Federation +0.85% on the date of interest payment.
However, Variable interest shall be applied from the first maturity date of
CP after the execution of the agreement.
Dated : October 7, 1999
Creditor : Korea Investment Trust Co., Ltd.
00-0 Xxxxx-Xxxx
Xxxxxxxxxxxx-Xx, Xxxxx
By : Xxxxx Xxxx, President
(Corporate seal affixed0
Debtor : NewState Capital Co., Ltd.
000-00 Xxxxxx-Xxxx
Xxxxxxx-Xx, Xxxxx
By : Xxx Xxx Huh, President
(Corporate seal affixed)
