insolvent or is under receivership", debenture holder representative's duties shall terminate. However, the signed agreement states that "when the debenture holder representative or the

representative which was signed by ALL on February 23, 2022 ("signed agreement"). The draft agreement states that "when the debenture holder representative becomes insolvent or is under receivership

holder representative which was signed by ALL on February 23, 2022 ("signed agreement"). The draft agreement states that "when the debenture holder representative becomes insolvent or is

than actual value as deposit for shares purchase of another company. In addition, he permitted false records or no record of important information in the company’s accounts and documents, and also

December 2014, it was after the SEC’s probe had revealed such wrongdoing. In addition, he committed or permitted no record of important information in the notes to RAM financial statements for the year 2012

the credit was not rated and found defects in consideration of important information or factors with respect to the issuer, and this affected its capability to repay the principal and pay interest