Johann Corporation P/L

 

 

Letter of Intent

 

Chief Officer,

International business Dept

Korea Dvelopment Bank, Seoul, Kora

 

 

Dear Sir,

 

Johann Corportion P쇼 Ltd hereby confirms through its duly appointed Executive Officer, and with full legal and corporate responsibility that we are ready and able to execute and conclude certain matters relating to industrial and Financial Investment in Korea.

 

The general Purpose, Terms and Conditions are hereby outlines as follows ;

 

1. The intended purpose and use of funds is for industrial and Financial Investment in Korea Enterprise with the appropriate support of government.

 

2. The origin of funds is to be sourced from Western European Foundation with Federal Reserve Bank (FRAC) backing.

 

3. The total amount to be provided shall be USD $1 Billion [One Billion United States Dollars].

 

4. The Global Notes must be for a period of five years duration. The instrument however, will only be required as security until the actual transfer of funds. The Global Notes can therefore be retired within a short period estimated at approximately 30 banking days or less.

 

5. The period of investment shall be revolving and permanent, with the use of funds and subsequent accumulation of

capital always to remain invested in Korean Industry.

 

6. Acceptable Global Notes will to be issued to Royal Bank of Scotland International to support the funds acquisition and will constitute full asset and collateral backing for such funds.

 

7. The details of the issuing bank for the Global Notes shall be advised after acknowledgment and execution of this Letter

of Intent.

 

8. The settlement period and availability of funds is designated to be completed within 30 banking days after the issue of the Global Notes.

We appreciate your co-operation and assistance in this matter which we confirm shall be conducted under the International Laws for the conduct of such transactions.

 

The acceptance and acknowledgement of this Letter of Intent shall complete and constitute a legal and binding agreement

between the executing principal and will set forth a chain of event that will culminate in the fulfilment of this Signed an Executed this 1st day of May 2006 by

 

Mr. Johann Lee

Managing Director

Johann Corporation Pty Ltd

 

 

To : Korea Developmet Bank, Seoul, Korea

 

Title : Depository Bank for Global Notes Issuance

 

Date : 1st May 2006

 

Please be informed that the Depository Bank for Korea Development Bank USD$ 1Billion Global Notes issuance will be Royal Bank of Scotland.

The bank particulars are as Follows.

 

A. Bank Name : Royal Bank of Scotland International RBSI Custody Bank Ltd.

PO BOX, 451 Liberte House, 19-23 La Motte Street

St. Helier, Jersey, JE4 5RL Channel Islands.

 

B. Designated Bank Offcer's Name : Mr. Richard Le Breton

 

C. Title / Position : Head of Banking Finance

 

D. Phone Number : +44 1534 285341

 

E. Fax Number : +44 1534 285364

 

F. Reference : ODL Securities Account XH022

 

 

Address : 7th Floor 75 King Street Sydney NSW 2000 Australia

 

Company Name : Johann Corporation Pty Ltd

 

Managing Director : Mr. Johann Lee

 

 

 

To : Korea Development Bank, Korea, Korea

 

C.C : International Finance Dept.

 

 

Title : Depository Organization for Global Notes Issuance

 

Date : 1st May 2006

 

 

Please be informed that the name of the organization handling the arrangement of fund and syndication of the Korea Development Bank Global Notes for USD$ 1Billion has been designated and is as follow:

 

A. Company Name : ODL Securities Limited

 

Salisbury House

London Wall London

EC2M5QQ U.K.

 

B. Officer's Name : Mr. Peter Brooks

 

C. Position : Senior Director

 

D. Phone : +44(0) 20 7903 6144

 

E. Fax Number : +44(0) 20 7390 5808

 

Address : 7th Floor 75 King Street Sydney NSW 2000 Australia

 

Company Name : Johann Corporation Pty Ltd

Managing Director : Mr. Johann Lee

 

 

 

TO : WRO[World Rehabilitation Organization]

        MR. JUNG SUN KIM/Chairman

 

ATTN : Cholla-Namdo Provincial Governor

 

CC : Chief Officer, International Finance Dept.,

        WOORI Bank, Seoul, Korea

 

Date : 1st May 2006

 

 

Re : SLC(Standby Letter of Credit)

 

 

The SLC should be created in a way to reflect that issuance is :

 

 

(1) With the Term of : 5 years

 

(2) For the Total aggregate amount of : USD$ 1Billion

 

(3) With each individual note size of : USD$ 250 Million face per note × 4(total notes)

 

(4) Condition : the Global Notes should be a) Unsecured

 

b) Unsubordinated

 

c) Cancelled

 

Mr. Johann Lee

Managing Director

Johann Corporation Pty Ltd

7th Floor 75 King Street Sydney NSW 2000 Australia

 

 

 

TO : WRO[World Rehabilitation Organization]

        MR. JUNG SUN KIM/Chairman

 

ATTN : Cholla-Namdo Provincial Governor

 

CC : Chief Officer, International Finance Dept.,

        WOORI Bank, Seoul, Korea

 

 

Subject. Global Notes reception bank name.

 

1st May 2006

 

 

Dear Sir,

 

 

I do hereby confirm that all funds received by WRO as the result of utilizing the Global Notes as to be issued by WRO will remain within the confines of WOORI Bank accounts.

 

These funds will not under any circumstances be in jeopardy of expatriation to any foreign bank account, but will remain availale to the direction of the present governing entities.

 

 

Mr. Johann Lee

Managing Director

Johann Corporation Pty Ltd

7th Floor 75 King Street Sydney NSW 2000 Australia