Document:

EXHIBIT 10.20

The  bank  shall  explain  the  key contents of this contract and distribute the
copies  of  this  contract and the bank's standard contract of loan transaction.

                          CONTRACT OF LOAN TRANSACTION
                                  (Enterprise)

To  Industrial Bank of Korea                                   Date   2004.5.

                           Name                                (Sign)
                                    ---------------------------------
                           Address

I  understand  that  in  the  loan transaction with the Industrial Bank of Korea
(hereinafter referred to as the "Bank") according to the conditions hereinafter,
the  standard  contract  of  loan  transaction  (includes  deposits  transaction
contract for enterprise, current account loan and savings loan) will be applied.
I  duly  recognize  the  following  articles.

ARTICLE  1  CONDITIONS  OF  TRANSACTION
The  conditions  of  transaction  are  as  follows.
(In  the  event  there  are  multiple  choices,  please listen to the employee's
explanation  and  place  a  check  mark  inside  the  appropriate  [  ]  )

<TABLE>
<CAPTION>

<S>                <C>                            <C>                         <C>
Loan subject                                      Transaction                 [ ] Line transaction
                                                  classification              [ ] Independent transaction
-----------------  -----------------------------  --------------------------  ----------------------------------------------
                                                                              [ ] Agreed interest rate + delay
                                                  Arrayed compensation rate   added interest
Loan(Limit)        Two billion eight hundred      (Standard contract          [ ]  % pa
Amount             million won                    Article 3 Clause 5)         (may change during loan period)
-----------------  -----------------------------  --------------------------  ----------------------------------------------
                   [ ] Market interest + added/subtracted interest (  )%
                   [ ] won currency interest + added/subtracted interest (  )%
                   [ ] total limit standard interest + added/subtracted interest (  )%
                   [ ] Exterior loan rate + added/subtracted interest (  )%
                   [ ] Fixed interest (until end of loan period  %)
                   [ ] Miscellaneous (  )
                   (the interest rate between time of agreement and execution may differ,
Interest rate      all interest rates other than fixed rates change during the period)
-----------------  ---------------------------------------------------------------------------------------------------------
                   (  )  (  )  (  )               Loan execution (start)      Payment of loan amount or registration of
                                                                              limit
Loan period        For yearly loans, leave month  --------------------------
                   and day blank                  Expiry of loan (repayment)  Loan expiry month (day)

-----------------  -----------------------------  --------------------------  ----------------------------------------------
                   [ ] Extend loan period without extension application and
Extension of       notification upon expiry of loan period
loan period        [ ] Extend only with application
                   ---------------------------------------------------------------------------------------------------------

-----------------  ---------------------------------------------------------------------------------------------------------
</TABLE>

                                        1
<PAGE>
<TABLE><CAPTION>
<S>                <C>
                   [ ] Execute the whole amount on commencement of loan
                   [ ] Part execution after confirmation of the bank of capital purpose
                   and required amount based on documentary evidence and spot goods
Method of loan     [ ] Execute as required by the customer with preset credentials
execution          [ ] Miscellaneous (                                                         )
-----------------  ---------------------------------------------------------------------------------------------------------
                   [ ] Repayment of the whole amount on expiry of loan
                   [ ] Defer payment for ( ) years ( ) months after commencement,
                   installment repayment from ( ) ( ) ( ) every ( )months
                   [ ] Repaid freely over time, the remaining amount shall be repaid
                   temporarily before or on the expiry of first revolution, the whole
                   amount shall be repaid on the expiry of loan period
                   [ ] Installment repayment every month
                   [ ] Repayment on payment date of bill
Method of          [ ] Miscellaneous
repayment              (                                                     )
-----------------  ---------------------------------------------------------------------------------------------------------
                   [ ] Monthly repayment after execution of loan
                   [ ] Based on expiry of loan, payment o every month or every three
                   months
                   [ ] Payment on monthly settlement date set by the bank
                   [ ] Initial interest on execution, latter interests on the final day
                   of calculation of paid interest
                   [ ] Paid prior to the expiry of bill
Time and method    [ ] Payment on installment repayment principal and interest
of interest        repayment
payment            [ ] Miscellaneous
-----------------  ---------------------------------------------------------------------------------------------------------
                   [ ] Paid by the loanee (*In the event the bank pays the revenue stamp
                   cost that was to be paid by the loanee it shall be paid within a
                   short period)
* Revenue stamp    [ ] Paid by the bank
-----------------  ---------------------------------------------------------------------------------------------------------
                   [ ] In the event of delay of interest or installments, in exception to
                   standard contract Article 7, debt will be incurred without the bank's
                   notice and arrears compensation rate applied
Notifications      [ ] Do not agree
                   ---------------------------------------------------------------------------------------------------------
                   [ ] Agree to notification of execution of loan during the period
                   [ ] Do not agree
-----------------  ---------------------------------------------------------------------------------------------------------
                   <Example> My savings are as to the attached documents, the following
                   savings (or pledge) is voluntary.

                   Self written column:

Voluntary          * Savings (or pledge) is determined by signing savings transaction
savings and        status chart or filling in the above column.
pledge             [ ] I have received a copy of confirmation and savings transaction
submission         status chart.
-----------------  ---------------------------------------------------------------------------------------------------------
* Maintenance of   [ ] Apply Article 7
repayment means    [ ] Do not apply Article 7
-----------------  ---------------------------------------------------------------------------------------------------------
</TABLE>

                                        2
<PAGE>
*  Any  bank  deposit  repayments through ATMs or electronic banking means after
bank  business  hours  may  not  be  recorded  as  being  repaid  on  the  day

*  If  the  expiry  date of the loan or the date of interest payment is a public
holiday  (includes  Saturdays)  it  is  delayed  until  the  next  business day.

ARTICLE  2  INTEREST  RATE

1.  Market  interest  is  determined  on  grounds  of CD retail earning rates or
industrial  fund  debt's  market  price standard earning rates with the internal
interest  rates  announced by the bank.  A new internal rate is applied for each
change  in  loan  interest  (every  3  or  6  months.

2. Standard won interest is determined on grounds of a years worth of industrial
fund debt's market price standard earning rates with the internal interest rates
announced  by  the  bank  and  new standard won interest rate is applied to loan
interests  each  year.  In  the  event  the loan period is over a year including
extension, from the time of exceeding one year, 0.25% pa is added each year to a
maximum  of  1%.

3.  Total  limit  standard interest is on grounds of CD retail earning rates and
Korea Bank loan interest with the interests announced by the bank, external loan
interests  are  as  to  the  interests  informed  to  the  bank by the fund loan
institution.

4. Additional or subtracted interest is applied at the execution of the loan due
to  personal  credit,  pledge  conditions,  loan  period  and bank's transaction
environment,  but may change before the expiry of loan through changes in credit
evaluation,  pledge  conditions  and  bank's  environment.

ARTICLE  3  ARREARS  COMPENSATION

1.  In the event interests, installment payment or installment payment principal
and  interest  is  not  paid by the due date, arrears compensation shall be made
according  to  the  amount  that  was  to  be  paid.

2.  In  the  event  the  debt is not discharged at the expiry of the loan or the
interest  of  the  expiry  date  lost  according  to  standard  contract of loan
transaction  Article  7 (including standard contract of loan transaction Article
9,  redemption  debt  of  discount  bill),  arrears  compensation  shall be made
according  to  the  amount  of  loan  remaining.

3.  For  discretionary loan and current account loan, arrears compensation shall
be  made  if  the  limit amount is exceeded through payout or interest principal
according  to  the  amount  exceeded.

4.  The  bank  may  change  the  rate, calculation and the payment period of the
arrears  compensation  according  to  the  standard contract Article 3 Clause 5.

5.

ARTICLE  4  TOTAL  AMOUNT OF LOAN AND NOTIFICATION OF INSTALLMENT REPAYMENT DATE
CHART

1.  In  the case of an installment repayment loan, the total amount of debt will
be  decided  after  the  execution.  The  method  of  execution will be based on
installment  repayment  date  chart,  receipts  and  other  evidences.

2.  In the case of installment repayment loan other than installment credit loan
and  benefit,  the bank shall make out and notify the debt-related persons of an
installment  repayment  date  chart.

                                        3
<PAGE>
ARTICLE  5  REDUCTION  AND  SUSPENSION

1.  In  the  case  of  a  limit transaction or an installment loan, the bank may
decide  to  reduce  the  loan  (line)  amount  in  Article  1  through notice or
temporarily  stop the loan execution regardless of the transaction period due to
sudden  changes  in  national  economy  and  financial  state  or  significant
deterioration  of personal credit state of the debtor.  In this event the debtor
shall  pay  any  amount  exceeding  the  line  due  to  the  reduction.

2. The bank shall withdraw the reduction or the suspension caused by the reasons
stated  in  Clause  once  such matters are solved and normal loan transaction is
possible.

ARTICLE  6  SECURITY  AND  INSURANCE

The debtor will pledge any buildings or installed facilities along with the land
or  building it is built on and including any miscellaneous facilities within as
a  security  to  the  bank  unless  otherwise stated by the bank. If the bank so
requests,  the  debtor  shall enter into an insurance of the type and the amount
agreed  by  the  bank  and  place  a pledge for the bank on the insurance claim.

ARTICLE  7  DUTY  OF  MAINTENANCE  OF  REPAYMENT  MEANS

1.  I  shall  maintain  adequate  financial ratio as attached at the end for the
purpose  of maintaining repayment means for the debts incurred by this contract.
In  the event of other clauses such as Financial Structure Improvement, it shall
be affixed to the end of this transaction contract and considered a part of this
transaction  contract.

2. In the event of the following, the bank shall be consulted and agreed upon in
advance.

     1.  Merger,  business transfer/acquisition and other sale/rent of important
assets

     2.  Investment  on  fixed  assets  for  reasons other than specified in the
contract

     3.  Surety  for  other's  debts

     4.  Entering  new  business  or  foreign  investment

     5.  Company  structure  work  out,  privatization, or any other significant
management  changes

 3.  I shall agree to the acts of following sections if the bank so requires for
the  maintenance  of  the  transaction  contract.

     1.  Sales  of  owned  real  estates  or  securities

     2.  Investment  of  majority  shareholder

     3.  Issuance  of  new shares to be purchased or going public of the company

ARTICLE  8  SUBMISSION  OF  DATA

1.  I  agree  to  submit the following documents stated below in each respective
period and any other documents required for the maintenance of the loan contract
on  the bank's request according to bank's standard contract of loan transaction
Article  17  and  Article  19.

     1.  Each  quarter  :  Surtax returns, trial balance of totals and balances,
statement  of  current  debts,  sales  estimates  to  customers  and  of  items

                                        4
<PAGE>
     2.  Each  half-year  :  Half-year  accounts  report,  surtax returns, trial
balance  of  totals and balances, statement of current debts, sales estimates to
customers  and  of  items

     3.  Each  year : Certified public accountant's inspection report (financial
statement  of  settlements),  related  statement  of  settlements,  corporation
registration  transcript,  business  registry,  shareholders  book,  article  of
corporation,  summary  sheet of earned income tax collected, estimated statement
of settlements (3 years), state of major business relations, copies each permits
and  technology  permit  related  documents  (KS,  ISO,  patent  rights,  etc),
labor-management  dispute  statement,  miscellaneous  product  descriptions,
concentric  trades  reference  data,  etc.

     4.  On  demand : Trial balance of totals and balances, statement of current
debts,  documentary  evidence  of  asset  spending,  etc.

2.  I  agree to submission of the following documents on request of the bank for
the  purpose  of  the  company's  foreign  currency  risk  state and maintenance
conditions  in  evaluating  credit  information.

     1.  Foreign currency risk maintenance structure and maintenance regulations
conditions

     2.  Foreign  currency  supply  and  application  statement

     3.  Foreign  currency  derivative  product  trade  statement

3.  I shall include the statement of current debts in Clause 1 with debt status,
large  amount loan status, repayment plans and loan plans according to the bank,
but  may  replace  it  with  credit  information document (CRT information, etc)
affixed  to  the  end  of  this contract. If any information is missing from the
above  document,  it  should  be  recorded  in  an  empty  space then submitted.

4.  If  any  documents  in  Clauses  1 through 3 is false, forged, altered or is
missing information on purpose, I shall be responsible for the debt according to
Article 7 of the standard contract, and will not dispute if registered as having
poor  credit  record.

Article 9 Miscellaneous special clauses

Debtor :

I have received the bank's standard contract of loan transaction and the copy of
this  contract, and have sufficiently heard and understood its contents

Debtor :

        Application for automatic transfer of loan principal and interest
        -----------------------------------------------------------------

    I agree that automatic transfer contract between accounts is applied for the
   purpose of loan principal and interest repayment and apply for the automatic
                                    transfer.

<TABLE>
<CAPTION>
<S>                                 <C>
Name                                Sign
----------------------------------  ----------------------------
Account number
----------------------------------------------------------------
Loan account number                 Transfer date
----------------------------------  ----------------------------
</TABLE>

Additional  transaction  contraction  (enterprise)  is  a  compulsory  contract
document  and  other  transaction  or  special  clauses  form a part of the loan
transaction contract, therefore confirm related contracts before attaching it to
the  primary  contract.

                                        5
<PAGE>

The  bank  shall  explain  the  key contents of this contract and distribute the
copies  of  this  contract and the bank's standard contract of loan transaction.

                          CONTRACT OF LOAN TRANSACTION
                                  (Enterprise)

To  Industrial Bank of Korea                                   Date   2004.5.

                           Name                                (Sign)
                                    ---------------------------------
                           Address

I  understand  that  in  the  loan transaction with the Industrial Bank of Korea
(hereinafter referred to as the "Bank") according to the conditions hereinafter,
the  standard  contract  of  loan  transaction  (includes  deposits  transaction
contract for enterprise, current account loan and savings loan) will be applied.
I  duly  recognize  the  following  articles.

ARTICLE  1  CONDITIONS  OF  TRANSACTION
The  conditions  of  transaction  are  as  follows.
(In  the  event  there  are  multiple  choices,  please listen to the employee's
explanation  and  place  a  check  mark  inside  the  appropriate  [  ]  )

<TABLE>
<CAPTION>

<S>                <C>                            <C>                         <C>
Loan subject                                      Transaction                 [ ] Line transaction
                                                  classification              [ ] Independent transaction
-----------------  -----------------------------  --------------------------  ----------------------------------------------
                                                                              [ ] Agreed interest rate + delay
                                                  Arrayed compensation rate   added interest
Loan(Limit)        Two billion five hundred       (Standard contract          [ ]  % pa
Amount             million won                    Article 3 Clause 5)         (may change during loan period)
-----------------  -----------------------------  --------------------------  ----------------------------------------------
                   [ ] Market interest + added/subtracted interest (  )%
                   [ ] won currency interest + added/subtracted interest (  )%
                   [ ] total limit standard interest + added/subtracted interest (  )%
                   [ ] Exterior loan rate + added/subtracted interest (  )%
                   [ ] Fixed interest (until end of loan period  %)
                   [ ] Miscellaneous (  )
                   (the interest rate between time of agreement and execution may differ,
Interest rate      all interest rates other than fixed rates change during the period)
-----------------  ---------------------------------------------------------------------------------------------------------
                   (  )  (  )  (  )               Loan execution (start)      Payment of loan amount or registration of
                                                                              limit
Loan period        For yearly loans, leave month  --------------------------
                   and day blank                  Expiry of loan (repayment)  Loan expiry month (day)

-----------------  -----------------------------  --------------------------  ----------------------------------------------
                   [ ] Extend loan period without extension application and
Extension of       notification upon expiry of loan period
loan period        [ ] Extend only with application
                   ---------------------------------------------------------------------------------------------------------

-----------------  ---------------------------------------------------------------------------------------------------------
</TABLE>

                                        6
<PAGE>
<TABLE><CAPTION>
<S>                <C>
                   [ ] Execute the whole amount on commencement of loan
                   [ ] Part execution after confirmation of the bank of capital purpose
                   and required amount based on documentary evidence and spot goods
Method of loan     [ ] Execute as required by the customer with preset credentials
execution          [ ] Miscellaneous (                                                         )
-----------------  ---------------------------------------------------------------------------------------------------------
                   [ ] Repayment of the whole amount on expiry of loan
                   [ ] Defer payment for ( ) years ( ) months after commencement,
                   installment repayment from ( ) ( ) ( ) every ( )months
                   [ ] Repaid freely over time, the remaining amount shall be repaid
                   temporarily before or on the expiry of first revolution, the whole
                   amount shall be repaid on the expiry of loan period
                   [ ] Installment repayment every month
                   [ ] Repayment on payment date of bill
Method of          [ ] Miscellaneous
repayment              (                                                     )
-----------------  ---------------------------------------------------------------------------------------------------------
                   [ ] Monthly repayment after execution of loan
                   [ ] Based on expiry of loan, payment o every month or every three
                   months
                   [ ] Payment on monthly settlement date set by the bank
                   [ ] Initial interest on execution, latter interests on the final day
                   of calculation of paid interest
                   [ ] Paid prior to the expiry of bill
Time and method    [ ] Payment on installment repayment principal and interest
of interest        repayment
payment            [ ] Miscellaneous
-----------------  ---------------------------------------------------------------------------------------------------------
                   [ ] Paid by the loanee (*In the event the bank pays the revenue stamp
                   cost that was to be paid by the loanee it shall be paid within a
                   short period)
* Revenue stamp    [ ] Paid by the bank
-----------------  ---------------------------------------------------------------------------------------------------------
                   [ ] In the event of delay of interest or installments, in exception to
                   standard contract Article 7, debt will be incurred without the bank's
                   notice and arrears compensation rate applied
Notifications      [ ] Do not agree
                   ---------------------------------------------------------------------------------------------------------
                   [ ] Agree to notification of execution of loan during the period
                   [ ] Do not agree
-----------------  ---------------------------------------------------------------------------------------------------------
                   <Example> My savings are as to the attached documents, the following
                   savings (or pledge) is voluntary.

                   Self written column:

Voluntary          * Savings (or pledge) is determined by signing savings transaction
savings and        status chart or filling in the above column.
pledge             [ ] I have received a copy of confirmation and savings transaction
submission         status chart.
-----------------  ---------------------------------------------------------------------------------------------------------
* Maintenance of   [ ] Apply Article 7
repayment means    [ ] Do not apply Article 7
-----------------  ---------------------------------------------------------------------------------------------------------
</TABLE>

                                        7
<PAGE>
*  Any  bank  deposit  repayments through ATMs or electronic banking means after
bank  business  hours  may  not  be  recorded  as  being  repaid  on  the  day

*  If  the  expiry  date of the loan or the date of interest payment is a public
holiday  (includes  Saturdays)  it  is  delayed  until  the  next  business day.

ARTICLE  2  INTEREST  RATE

1.  Market  interest  is  determined  on  grounds  of CD retail earning rates or
industrial  fund  debt's  market  price standard earning rates with the internal
interest  rates  announced by the bank.  A new internal rate is applied for each
change  in  loan  interest  (every  3  or  6  months.

2. Standard won interest is determined on grounds of a years worth of industrial
fund debt's market price standard earning rates with the internal interest rates
announced  by  the  bank  and  new standard won interest rate is applied to loan
interests  each  year.  In  the  event  the loan period is over a year including
extension, from the time of exceeding one year, 0.25% pa is added each year to a
maximum  of  1%.

3.  Total  limit  standard interest is on grounds of CD retail earning rates and
Korea Bank loan interest with the interests announced by the bank, external loan
interests  are  as  to  the  interests  informed  to  the  bank by the fund loan
institution.

4. Additional or subtracted interest is applied at the execution of the loan due
to  personal  credit,  pledge  conditions,  loan  period  and bank's transaction
environment,  but may change before the expiry of loan through changes in credit
evaluation,  pledge  conditions  and  bank's  environment.

ARTICLE  3  ARREARS  COMPENSATION

1.  In the event interests, installment payment or installment payment principal
and  interest  is  not  paid by the due date, arrears compensation shall be made
according  to  the  amount  that  was  to  be  paid.

2.  In  the  event  the  debt is not discharged at the expiry of the loan or the
interest  of  the  expiry  date  lost  according  to  standard  contract of loan
transaction  Article  7 (including standard contract of loan transaction Article
9,  redemption  debt  of  discount  bill),  arrears  compensation  shall be made
according  to  the  amount  of  loan  remaining.

3.  For  discretionary loan and current account loan, arrears compensation shall
be  made  if  the  limit amount is exceeded through payout or interest principal
according  to  the  amount  exceeded.

4.  The  bank  may  change  the  rate, calculation and the payment period of the
arrears  compensation  according  to  the  standard contract Article 3 Clause 5.

5.

ARTICLE  4  TOTAL  AMOUNT OF LOAN AND NOTIFICATION OF INSTALLMENT REPAYMENT DATE
CHART

1.  In  the case of an installment repayment loan, the total amount of debt will
be  decided  after  the  execution.  The  method  of  execution will be based on
installment  repayment  date  chart,  receipts  and  other  evidences.

2.  In the case of installment repayment loan other than installment credit loan
and  benefit,  the bank shall make out and notify the debt-related persons of an
installment  repayment  date  chart.

                                        8
<PAGE>
ARTICLE  5  REDUCTION  AND  SUSPENSION

1.  In  the  case  of  a  limit transaction or an installment loan, the bank may
decide  to  reduce  the  loan  (line)  amount  in  Article  1  through notice or
temporarily  stop the loan execution regardless of the transaction period due to
sudden  changes  in  national  economy  and  financial  state  or  significant
deterioration  of personal credit state of the debtor.  In this event the debtor
shall  pay  any  amount  exceeding  the  line  due  to  the  reduction.

2. The bank shall withdraw the reduction or the suspension caused by the reasons
stated  in  Clause  once  such matters are solved and normal loan transaction is
possible.

ARTICLE  6  SECURITY  AND  INSURANCE

The debtor will pledge any buildings or installed facilities along with the land
or  building it is built on and including any miscellaneous facilities within as
a  security  to  the  bank  unless  otherwise stated by the bank. If the bank so
requests,  the  debtor  shall enter into an insurance of the type and the amount
agreed  by  the  bank  and  place  a pledge for the bank on the insurance claim.

ARTICLE  7  DUTY  OF  MAINTENANCE  OF  REPAYMENT  MEANS

1.  I  shall  maintain  adequate  financial ratio as attached at the end for the
purpose  of maintaining repayment means for the debts incurred by this contract.
In  the event of other clauses such as Financial Structure Improvement, it shall
be affixed to the end of this transaction contract and considered a part of this
transaction  contract.

2. In the event of the following, the bank shall be consulted and agreed upon in
advance.

     1.  Merger,  business transfer/acquisition and other sale/rent of important
assets

     2.  Investment  on  fixed  assets  for  reasons other than specified in the
contract

     3.  Surety  for  other's  debts

     4.  Entering  new  business  or  foreign  investment

     5.  Company  structure  work  out,  privatization, or any other significant
management  changes

 3.  I shall agree to the acts of following sections if the bank so requires for
the  maintenance  of  the  transaction  contract.

     1.  Sales  of  owned  real  estates  or  securities

     2.  Investment  of  majority  shareholder

     3.  Issuance  of  new shares to be purchased or going public of the company

ARTICLE  8  SUBMISSION  OF  DATA

1.  I  agree  to  submit the following documents stated below in each respective
period and any other documents required for the maintenance of the loan contract
on  the bank's request according to bank's standard contract of loan transaction
Article  17  and  Article  19.

     1.  Each  quarter  :  Surtax returns, trial balance of totals and balances,
statement  of  current  debts,  sales  estimates  to  customers  and  of  items

                                        9
<PAGE>
     2.  Each  half-year  :  Half-year  accounts  report,  surtax returns, trial
balance  of  totals and balances, statement of current debts, sales estimates to
customers  and  of  items

     3.  Each  year : Certified public accountant's inspection report (financial
statement  of  settlements),  related  statement  of  settlements,  corporation
registration  transcript,  business  registry,  shareholders  book,  article  of
corporation,  summary  sheet of earned income tax collected, estimated statement
of settlements (3 years), state of major business relations, copies each permits
and  technology  permit  related  documents  (KS,  ISO,  patent  rights,  etc),
labor-management  dispute  statement,  miscellaneous  product  descriptions,
concentric  trades  reference  data,  etc.

     4.  On  demand : Trial balance of totals and balances, statement of current
debts,  documentary  evidence  of  asset  spending,  etc.

2.  I  agree to submission of the following documents on request of the bank for
the  purpose  of  the  company's  foreign  currency  risk  state and maintenance
conditions  in  evaluating  credit  information.

     1.  Foreign currency risk maintenance structure and maintenance regulations
conditions

     2.  Foreign  currency  supply  and  application  statement

     3.  Foreign  currency  derivative  product  trade  statement

3.  I shall include the statement of current debts in Clause 1 with debt status,
large  amount loan status, repayment plans and loan plans according to the bank,
but  may  replace  it  with  credit  information document (CRT information, etc)
affixed  to  the  end  of  this contract. If any information is missing from the
above  document,  it  should  be  recorded  in  an  empty  space then submitted.

4.  If  any  documents  in  Clauses  1 through 3 is false, forged, altered or is
missing information on purpose, I shall be responsible for the debt according to
Article 7 of the standard contract, and will not dispute if registered as having
poor  credit  record.

Article 9 Miscellaneous special clauses

Debtor :

I have received the bank's standard contract of loan transaction and the copy of
this  contract, and have sufficiently heard and understood its contents

Debtor :

        Application for automatic transfer of loan principal and interest
        -----------------------------------------------------------------

    I agree that automatic transfer contract between accounts is applied for the
   purpose of loan principal and interest repayment and apply for the automatic
                                    transfer.

<TABLE>
<CAPTION>
<S>                                 <C>
Name                                Sign
----------------------------------  ----------------------------
Account number
----------------------------------------------------------------
Loan account number                 Transfer date
----------------------------------  ----------------------------
</TABLE>

Additional  transaction  contraction  (enterprise)  is  a  compulsory  contract
document  and  other  transaction  or  special  clauses  form a part of the loan
transaction contract, therefore confirm related contracts before attaching it to
the  primary  contract.

                                       10
<PAGE>EXHIBIT 10.22

Lease  agreement  form
<TABLE>
<CAPTION>

<S>                      <C>                                    <C>                         <C>
Contract Details
-----------------------
Lessee                   Escam
-----------------------  ------------------------------------------------------------------------------
                                                                Kia Automobiles South
Details of Lease         Name of building                       Suwon Building
-----------------------  -------------------------------------  ---------------------------------------
                                                                Gyonggido Suwonsi
                                                                Paldalgu Ingyedong 1017 1,
                         Address                                3rd floor 303,304
                         -------------------------------------  ---------------------------------------
                         Area                                   Exclusive                   62.09 pyong
                         -------------------------------------  --------------------------  -----------
                                                                Public                      49.36 pyong
                                                                --------------------------  -----------
                         Total                                                111.45 pyong
                         -------------------------------------  ---------------------------------------
Lease period             2005.11.6 - 2006.11.5
-----------------------  ------------------------------------------------------------------------------
Security deposit         W 111,450,000
-----------------------  ------------------------------------------------------------------------------
Monthly rent             W 1,114,500
-----------------------  ------------------------------------------------------------------------------
Monthly maintenance fee  W 1,671,750
-----------------------  ------------------------------------------------------------------------------
Miscellaneous            1. The above prices are tax-exclusive
-----------------------  ------------------------------------------------------------------------------
</TABLE>

                                        1
<PAGE>
Lease  Contract

This  Lease  Agreement  is  made  and entered into by and between the Lessor Kia
Automobiles  (hereinafter  referred to as "A") and the Lessee Escam (hereinafter
referred  to as "B") with respect to the leasing of the real estate as described
below  upon  the  terms  and  conditions  contained  herein.

ARTICLE  1  (TERMS  AND  CONDITIONS)

1.  Details  of  lease

Gyonggido Suwonsi Paldalgu Ingyedong 1017, 1017-1 Kia Automoblies South Building

                                                                    (unit : won)
<TABLE>
<CAPTION>
<S>        <C>            <C>                        <C>              <C>                         <C>
Floor      2. Lease area  3. Lease security deposit  4. Monthly rent  5. Monthly maintenance fee  Miscellaneous
---------  -------------  -------------------------  ---------------  --------------------------  -------------
           111.45
3rd floor  pyong                        111,450,000        1,114,500                   1,671,750
---------  -------------  -------------------------  ---------------  --------------------------  -------------
</TABLE>

6.  Purpose  of  lease:  Office  building

7.  Payment  of  security  deposit: Limited to the day of moving in (All of
security deposit)

8.  Length  of  contract:  2005.11.6  -  2006.11.5

ARTICLE  2  (RESTRICTION  OF  USAGE  PURPOSE)

"B"  may  not use the lease property for a purpose different from the one stated
in  Article 2 Clause 2. In the event the property is used for any other purpose,
"B"  is  responsible  for  all  circumstances  that  may  occur.

                                        2
<PAGE>
ARTICLE  3  (COMMENCEMENT,  TERMINATION  AND  HALFWAY  TERMINATION  OF CONTRACT)

1.  The  contract  takes  effect  from  the  moment  of  conclusion of contract.

2.  The termination of contract occurs on the conclusion of the lease period and
on  termination  or  dissolution  of  the  contract as per each articles of this
contract.

3.  The  contract may be terminated within the lease period provided "A" and "B"
inform  each  other  in writing 60 days before the termination of contract.  The
contract  will  terminate  60  days after the day of reception of document.  The
contract may not be halfway terminated in the first year after the conclusion of
contract.

ARTICLE  4  (EXTENSION  OF  LEASE  CONTRACT)
In  the  event  that  each fails to notify the Lessee of a refusal to renew this
Agreement  or  of the intention not to renew it with a written document 2 months
before  the  end of lease contract period, the said lease shall be automatically
extended  upon  the  expiration  of  the  contract  period  for  one  year.

ARTICLE  5  (LEASE  SECURITY  DEPOSIT)

1.  The  security  deposit as determined in Article 1 Clause 3 will be deposited
without  interest  for  the  duration  of  the  contract.

2.  The  security  deposit in Clause 1 may be used for the purpose of payment of
rent  or  maintenance  fee.  Security  deposit  restitution  claim  may  not  be
transferred  or  offered  to  another  as pledge or for other mortgage purposes.

3.  In  the  event  "B"  does  not pay the all of security deposit to "A" before
commencement  of lease contract period, "A" may request delay interest (11% p/a)
or  terminate  the  contract unilaterally.  In this event contract fee (security
deposit) paid by "B" will be unconditionally vested on "A" and "B" may not claim
restitution.

ARTICLE  12  (PROHIBITED  ACTS  OF  "B")

B  is  prohibited  from  committing  the  following  acts.

                                        3
<PAGE>
1.  Acts  against  the  law

2.  Acts  disagreeable  to  the  general  public

3.  Acts  of bringing in or storing items that are explosive or dangerous, items
that  are  dangerous  or  otherwise  disagreeable  to health, and items that may
damage  other  property

4.  Acts  of  using  oil  or  gas  at  discretion

5.  Acts of demolishing, damaging or otherwise altering any structure, apparatus
or  facility  installed  by  "A"

6.  Acts  of  changing  the  purpose  of  the  contract  without approval of "A"

7.  Any  other  acts  prohibited  by  "A"

ARTICLE  13  (A'S  EXEMPTION  FROM  RESPONSIBILITY)

1.  "A"  shall bear no civil or criminal responsibility for any injury or damage
which is caused to "B" due to any such accident in the relevant premises, as may
not  be  deemed  to  be  attributable  to  "A,"  such  as  a  natural  disaster.

2. "A" shall bear no responsibility towards "B" in the event of fire, robbery or
other accidents as long as "B" can prove "A" is responsible for the said damage.

ARTICLE  14  (VACATION  OF  BUILDING  AND  RESTORATION  TO  ORIGINAL  STATE)

1.  Upon  termination of the contract, "B" must vacate all property belonging to
"B"  before the termination, return all property belonging to "A" and vacate all
leased  property.

2.  Any  additional  structures  built  by  "B"  must be removed by "B" at "B"'s
expense  and restored to its original condition at the conclusion of contract 15
days  before  the  termination  of  contract.

                                        4
<PAGE>
3.  If  "B"  is  unable  to vacate all property belonging to "B" or is unable to
restore the leased property before vacating "B" shall pay twice the monthly rent
(including  security  deposit interests and monthly maintenance fee) to "A" from
the  termination of contract until the date of actual vacation or restoration of
the  lease property.  "A" may also remove "B"'s property to an appropriate place
at  "B"'s  expense.

ARTICLE  15  (USE  OF  PARKING  AREA)

"B"  may  park  its vehicles at the attached parking area, but "A" may limit the
number  of  vehicles  of  "B"  depending  on  the  situation  of  the  building.

ARTICLE  16  (INSTALLATION  OF  SIGN,  NAME  PLATE  OR  BILLBOARD)

"B" shall not install any signs, name plates or billboards within or without the
leased  property  without  the agreement of "A". In the event of infringement of
this  Article,  "A" may at its discretion remove the said installations at "B"'s
expense.

ARTICLE  17  (REFUSAL  OF  PROFIT  VALUE)

"B" cannot claim any profit value, necessity cost, premium or any other expenses
incurred  to  "A"  for  expenses  incurred  on  the  leased  property.

ARTICLE  18  (DAMAGE  COMPENSATION)

1.  In  the  event "B", its employer or customer destroyed, damaged or otherwise
depreciated  the  value  of  the  leased property or other facilities inside the
building  whether  purposely or accidentally, "B" shall inform "A" without delay
and  compensate  for  the  damages.

2.  Damages  in  Clause 1 shall be determined by "A" based on the current market
value  at  the  time  of  compensation.

                                        5
<PAGE>
ARTICLE  19  (ACCESS  TO  PREMISES)

"A", its employer or any other 3rd person designated by "A" may enter the leased
property  at  any  time  for  the purposes of inspection of the leased property,
prevention
of  fire,  prevention  of  robbery  and  rescue  acts.

ARTICLE  20  (PAYMENT  OF  TAX)

Tax incurred on monthly rent and monthly maintenance fee in Article 1 Clauses 4,
5 shall be paid by "B", and shall be included in the monthly maintenance fee and
monthly  rent  paid  to  "A".

ARTICLE  21  (REGULATIONS  ON  MAINTENANCE  OF  THE  COMPANY  BUILDING)

1.  According  to  this  contract, any regulations on maintenance of the company
building  established  by  "A"  is  considered  to  be  a  part of the contract.

2.  Any regulations on maintenance of the company building to be put into effect
after  its  establishment  takes effect with the announcement to "A" and "B" one
month  before.

ARTICLE  22  (APPLICATION  OF  GENERAL  LAW  AND  OTHER  REGULATIONS)

In  the  event  where there is no regulation in this contract or disagreement on
the  interpretation of any ruling in the contract, the disparity will be decided
by  mutual  agreement  of  "A" and "B".  In the event no mutual agreement can be
reached,  commercial  custom  or  general  law  will  be  applied.

ARTICLE  23  (JURISDICTION  OF  ACTION)

Any  action  arising  from  this contract will be governed by the court in "A"'s
main  office  site.

                                        6
<PAGE>
For  the purpose of proof of conclusion of this contract, 2 copies will be made,
signed  by  the  respective  parties,  and  each  shall  keep  1  copy.

                              Year  Month  Date:

                         Lessor  (A)

                              Address:

                              Firm  name:

                              Name:

                         Lessee  (B)

                              Address:

                              Firm  name:

                              Name:

                                        7
<PAGE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]