EX-10.6 12 u99738exv10w6.txt EX-10.6 AGREEMENT DATED APRIL 21, 2004 Exhibit 10.6 AMENDMENT ON LEASE AGREEMENT ---------------------------- This is an agreement (the "Agreement") between K-1 Corporate Restructuring Real Estate Investment Trusts Company, Ltd. (the "Lessor") and WiderThan Co., Ltd. (the "Lessee") to amend the agreement (the "Lease Agreement") dated October 11, 2003, on leasing of K1 REIT building (463, Chungjeong-ro 3-ga, Saedaenum-go, Seoul, Korea) (the "Leased Building") as follows. 1. Clause 1 (Specifications of the Leased Building) The Lessor agrees to lease the Leased Building specified below to the Lessee and Lessee agrees to lease the Leased Building from the Lessor.
-------------------------------------------------------------------------------- Address 463, Chungjeong-ro 3-ga, Saedaenum-go, Seoul, Korea -------------------------------------------------------------------------------- Name of the K1 REIT Building (Previously Regent Fire & Marine Insurance building Building) -------------------------------------------------------------------------------- Floors 5 floors (14th, 15th, 16th, 17th and 3rd floor) -------------------------------------------------------------------------------- Area 7,209.42 m(2) (2,180.84 pyong) Purpose Business --------------------------------------------------------------------------------
2. Clause 3. (Leasehold deposit) 1) The Lessee agrees to deposit interest-free leasehold deposit to the Lessor as below. Full amount must be paid before the lease period starts.
-------------------------------------------------------------------------------- Lease Deposit Amount Payment date -------------------------------------------------------------------------------- Existing deposit W 812,610,000 Already paid -------------------------------------------------------------------------------- Additional deposit W 212,378,000 Date of signing -------------------------------------------------------------------------------- Total W 1,024,988,000 --------------------------------------------------------------------------------
3. Clause 4 (Rent) The Lessee will pay W 102,498,000 (W 47,000 per pyong) excluding VAT(Value Added Tax) every month to the Lessor as rent. 4. Clause 5 (Maintenance expenses) 1) The Lessee will pay W 54,520,000 (W 25,000 per pyong) excluding VAT every month to the Lessor as fixed maintenance expenses. 5. Clause 9 (Usage of parking lots) The Lessee can use 40 parking lots (8 per floor) for free. The Lessee agrees to abide by the Parking Lot Management Rules set by the Lessor separately. 6. This Agreement will take effect on April 21, 2004. Additional area on the 3rd floor will be subject to below rent and maintenance expenses. 1) Maintenance expenses for 3rd floor will be applied starting June 1, 2004. 2) Rent for 3rd floor will be applied starting July 1, 2004. Items not discussed in this Agreement will be regulated by the original Lease Agreement and other amendments to the Lease Agreement. In witness whereof, the undersigned, being duly authorized by their respective Parties, have signed this agreement. This agreement is drafted and signed in duplicate copies, both copies being equally authentic, and each copy shall be kept by each party. 2004. 04. 21. Lessor Name: K-1 Corporate Restructuring Real Estate Investment Trusts Company, Ltd. Address: 14F/Sins Tower, 144-25 Samsung-dong, Kangnam-gu, Seoul /s/ Lee, Ho-gil Lee, Ho-gil, CEO Corporate registration number: 110111-2616534 Lessee Name: WiderThan Co., Ltd. Address: 463 Chungjeong-ro 3-ga, Seodaemun-gu, Seoul /s/ Jin Woo So Jin Woo So, CEO Corporate registration number: 110111-1998701