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NEWSLETTER 2011

106

the issuer (if any); and the document to be obtained from the Central

Registry Agency with respect to the results of the sales.

Bonds (Maturity, Payout, Early Payout etc)

The maturity can be determined freely provided that it is not less

than one (1) year. The principal of the bonds can be paid all at once on

the maturity date or in installments during the duration period. Bonds

with whole or partial early payouts can be issued based on the needs and

demands of the issuers and buyers. The payout plan for the bonds to be

offered to the public must be shown in the circular and on the web site of

the issuer. The principals of aforementioned matter will be identified in

the prospectus.