EXHIBIT 10.20 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. CONTRACT OF LOAN TRANSACTION (Enterprise) To Industrial Bank of Korea Date 2004.5.Contract of Loan Transaction • June 14th, 2006 • Sorell, Inc • Non-operating establishments
Contract Type FiledJune 14th, 2006 Company Industry
] Fixed (standard contract of loan transaction Article 3 Arrears compensation Interest rate, Clause 2 Section 1) % pa until expiry interest (standard Maximum miscellaneous ---------------------- ------------------------ contract of loan %pa...Contract of Loan Transaction • June 14th, 2006 • Sorell, Inc • Non-operating establishments
Contract Type FiledJune 14th, 2006 Company Industry
] Fixed (standard contract of loan transaction Article 3 Arrears compensation Interest rate, Clause 2 Section 1) % pa until expiry interest (standard Maximum miscellaneous ---------------------- ------------------------ contract of loan %pa...Contract of Loan Transaction • June 14th, 2006 • Sorell, Inc • Non-operating establishments
Contract Type FiledJune 14th, 2006 Company Industry
Arrears compensation interest Fixed (standard Until expiry (standard contract contract of loan Won currency : % pa of loan transaction transaction Article 3 Foreign currency : Article 3, Section Interest rate Clause 2 Section 1) %pa 5) %pa...Contract of Loan Transaction • June 14th, 2006 • Sorell, Inc • Non-operating establishments
Contract Type FiledJune 14th, 2006 Company Industry