amended cb subscription agreement this amended cb subscription agreement ( this “ agreement ” ) is made and entered into as of this 18th day of november, 2008 by and between : woori private equity fund, a company duly incorporated and validly existing under the laws of the republic of korea having its principal office at 20fl., youngpoong bldg., 33 seorin - dong, chongno - gu, seoul, korea ( “ woori ” ) ; and cintel corp., a corporation duly incorporated and validly existing under the laws of the state of nevada having its principal office at 9900 corporate campus drive suite 3000 louisville, ky 40223, u. s. a. ( “ cintel ” ). woori and cintel are collectively referred to as the “ parties, ” and individually as a “ party. ” recitals whereas, the parties have entered into the convertible bonds subscription agreement ( the “ convertible bonds subscription agreement ” ) on march 15, 2007. now therefore, the parties hereby desire to amend the convertible bonds subscription agreement. article 1. definition and application the defined contents of the convertible bonds subscription agreement shall have the same meanings as the agreement, unless defined otherwise in this agreement. article 2. clause 6. 2 d. of the convertible bonds subscription agreement section 6. 2. d of the convertible bonds subscription agreement is amended to by deleting the text thereof and inserting the following in its place : put / redemption option : the subscriber shall have put / redemption option as follows : 2. 1 in case cintel does not go through the initial public offering process by october 31, 2009 for any reason not solely attributable to the subscriber, the subscriber shall be entitled to exercise its put option to redeem the partial amount of the principal amount of the bonds to the extent of krw 20 billion and shall be entitled to receive the following amount from cintel : 2. 1 in case cintel does not go through the initial public offering process by october 31, 2009 for any reason not solely attributable to the subscriber, the subscriber shall be entitled to exercise its put option to redeem the partial amount of the principal amount of the bonds to the extent of krw 20 billion and shall be entitled to receive the following amount from cintel : 2. 1 ( a ) the partial amount of the principal amount of the bonds