CONVERTIBLE BONDS SUBSCRIPTION AGREEMENT by and among Cintel Corp., Issuer Korea Culture Promotion Inc. Subscriber and Phoenix M&M Corporation Subscriber April 12, 2007Convertible Bonds Subscription Agreement • April 13th, 2007 • Cintel Corp • Electronic computers
Subscribers to the Company at 10 a.m., Seoul, Korea, on the Closing Date in same day funds. 3. Closing 3.1 Closing Date and Place. The closing of the issuance and subscription of the Convertible Bonds (the “Closing”) will be held at the offices of one of the Subscribers or such other place as agreed between the parties hereto such other place as agreed between the parties hereto, at 10 a.m., Seoul, Korea time, on April 12, 2007, or such other date as agreed between the parties hereto (the “Closing Date”). 3.2 Conditions to Closing. The Closing is conditional upon fulfillment or waiver by the Company of the followings: (i) The issue and subscription of the Convertible Bonds on the terms and conditions herein provided shall not violate any requirements of law applicable to the Company or the Subscribers; and (ii) The Subscribers and the Company shall have completed or obtained all requisite governmental or internal approvals, consents and filing of reports. 3.3Closing Deliveries 3.3.1 Cl
