proposed loan has no collateral, no guarantor and no default interest rate. The second extension of the loan repayment period aims to prevent GSTEL from defaulting on the loan agreement with GJS. In this

determination of margin sufficient to cover derivatives positions which may be caused by the defaulting member under the confidence level of not less than ninety-nine percent; 3 (4) conduct of adequacy test of

conditions in the loan agreement that if any borrower has defaulted on loan repayment, the Company will charge interest from defaulting loan at the rate of 7.5 percent per year. (Translation) 9. Opinions of

Subsidiary defaults on the Initial Payment; and • One of the contracting parties is in breach of the agreement, and the defaulting party is unable to remedy such breach within the prescribed timeframe. Return