Exhibit 10.64

Credit Agreement

Borrower:   DVS Korea Co., Ltd.
196 Kumkok Dong, Boon Dan Gu, Sung Nam City, Kyunggi Province
Mr. Byung Hyun Lee, CEO

Lender:   Woori Bank (Previously Hanvit Bank)

Total Limit on the Agreement: 14,465,800,000 Korean Won

This Credit Agreement dated May 2, 2001, is made and executed between DVS Korea
Co., Ltd.("Borrower") and Hanvit Bank ("Lender") on the following terms and
conditions.

Borrower understands and agrees that in granting, renewing, or extending any
loan, Lender is relying upon Borrower's representation, warranties, and
agreements as set forth in this Agreement; the granting, renewing, or extending
of any loan by lender at times shall be subject to Lender's sole judgment and
discretion; and all such loans shall be and remain subject of the terms and
conditions of this Agreement.

Limit

Types

Sublimit

Interest

Overdraft Revolving Line of Credit

480,000,000 Korean Won

12 % Fixed

International Trade Revolving Line of Credit

10,000,000,000 Korean Won

Variable interest: may change day to day based on the rates established for
standard trade credit by Korean Banking Association.

At Sight Letter of Credit

3,000,000 USD

Variable interest: may change day to day based on the rates established for
standard trade credit by Korean Banking Association.

Sum of all the borrowings shall not exceed the Total Limit. Borrower may freely
issue Letter of Credit, borrow, and/or pay within the sublimit established
above.

Term

This Agreement shall be effective as of May 2, 2001, and shall continue in full
force and effect until May 15, 2002.

Interest Rate

The annual interest rate for this Agreement is computed on a 365 day basis; that
is, by applying the ratio of the annual interest rate over a year of 365 days,
multiplied by the outstanding principal balance, multiplied by the actual number
of days the principal balance is outstanding.

Late Charge and Interest After Default

Upon Borrower's failure to pay all amounts declared due pursuant to this
section, including failure to pay accrued interest, monthly payment, outstanding
principal balance on final maturity date, and excess draw on the account, Lender
will adjust annual interest rate to 19% and applied to past due, if any.

Description Collateral

Installment Savings Deposit of 1,530,000,000 Korean Won.

In addition, Borrower shall provide to Lender a blank draft. Lender may submit
to the Borrower's bank the draft for full payment of unpaid principal and
accrued interest when Borrower fails to make payment in accordance with the
terms of this Agreement.

Furthermore, Borrower grant Lender a security interest in all property at any
time shipped under, or pursuant to, or in connection with the Letter of Credit
or anyway related thereto, or to the drafts drawn thereunder, whether or not
Borrower receives the documents covering such property or release the same to
Lender on trust receipt and also in and to all shipping documents, warehouse
receipts, policies or certificates of insurance and other documents or liability
to Borrower at any time existing under or with reference to the Letter of Credit
of this agreement .

Cessation of Advances

If Lender has made any commitment to make any Loan to Borrower under this
Agreement, Lender has right to reduce the Loan limit or shall have no obligation
make Loan Advances or to disburse Loan proceeds, if: (i) there occurs a material
adverse change in financing community; or (ii) there occurs a material adverse
change in Borrower's financial condition, in the financial condition of any
Guarantor, or in the value of any Collateral securing any Loan. If Lender
decides to reduce the Loan limit and Borrower's outstanding loan exceeds such
new limit, excess is due immediately upon demand of Lender.

Advances

Advances or Request of Letter of Credit under this Agreement shall be requested
pursuant to the forms and procedures prescribed by Lender.

Payment

Borrower shall pay the outstanding principal plus all accrued interest of each
advance or borrowings in accordance with the terms prescribed on the Application
for Commercial Letter of Credit, Trust Receipts or other trade related
documents. However, Lender has the sole right to extend the terms if necessary.

As to drafts or acceptances under or purporting to be under the Letter of
Credit, which are payable in foreign currency, Borrower may pay Lender in Korean
Won at the current rate of exchange in Korea for cable transfer to the place of
payment in the currency of the draft.

Fees

Borrower shall pay Lender, on demand, commission and all charges and expenses
paid or incurred, earned by Lender in connection wherewith, and interest where
chargeable.

 

Change in Terms Agreement

Hanvit Bank has made a Credit evidenced by the Agreement dated May 2, 2001, with
Total Limit of 14,465,800,000 Korean Won.

Date of Change

:

May 15, 2002

Description of changes in Terms

This Agreement changes Total Limit to 17,580,000,000 Korean won. Detail of
sublimits is as follows:

Types

Before

After

Overdraft Revolving Line of Credit

480,000,000 Korean Won

480,000,000 Korean Won

International Trade Revolving Line of Credit

10,000,000,000 Korean Won

17,000,000,000 Korean Won

At Sight Letter of Credit

3,000,000 USD

3,000,000 USD

 

 

Change in Terms Agreement

Hanvit Bank has made a Change in Terms Agreement evidenced by the Agreement
dated May 15, 2002, with Total Lending Limit of 17,580,000,000 Korean Won.

Date of Change

:

August 29, 2002

Expiration Date

May 15, 2003

Description of changes in Terms

This Agreement changes Total Lending Limit to 23,119,000,000 Korean won. Detail
of sublimits is as follows:

Types

Before

After

Overdraft

480,000,000 Korean Won

480,000,000 Korean Won

Trade Finance

17,000,000,000 Korean Won

19,000,000,000 Korean Won

At Sight Letter of Credit

3,000,000 USD

3,000,000 USD

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