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The defendant's appeal is dismissed.
Expenses for appeal shall be borne by the defendant.
Purport of claim and appeal
purport.
Reasons
1. Prior to the facts of recognition, the defendant shall issue the defendant 11-time bearer non-guaranteed private equity bonds (hereinafter referred to as "this bonds") and the bondholder shall subscribe to this bonds in accordance with the terms and conditions set out in this Agreement.
For greater certainty, the term "acquisition" under this contract means the acquisition of rights to bonds issued under this contract, and does not mean the acquisition under Article 9(11) of the Financial Investment Services and Capital Markets Act.
Section 2. The defendant shall issue this bond in accordance with the terms and conditions set forth in this Agreement and assign it to the bondholders as follows, and the bondholder shall underwrite it:
The issue terms of the bonds issued by the Defendant under Article 3 Section 1 of this Section shall be as follows:
4. Total face value of the bonds: 15,100,000 won per u.m. (15,100,000).
5. The issue value of the bonds: 100% of the total face value of the bonds; overdue interest: when the defendant fails to pay the principal or interest on each date set forth in paragraphs (9), (10) through (11) and (12), the overdue interest shall be paid for the principal and interest.
In such cases, the overdue interest rate shall be 12% per annum.
The overdue interest shall be calculated on a daily basis as 365 days per year.
19. Date of issuance of bonds: The due date of the bonds on October 30, 2019: (1) the defendant's loss of profits on January 30, 2024; and (1) the defendant's loss of profits on February 30, 2024 (1) where any of the following events occurs against the defendant, the bondholder may lose the benefit on all or part of the bonds; and (2) the defendant may claim interest on all or part of the outstanding principal of the bonds; and (3) the interest rate on the bonds from the date following the date when the benefit on the due date is lost until the date when the interest on the bonds is repaid: