Amendment to Kun-Pledge (Mortgage) Agreement, dated as of December 8, 2024, by and between Magnachip Semiconductor, Ltd. and Korea Development Bank. (English Translation)
Exhibit 10.42
[English Translation]
| Stamp Duty | Team Member | Team Manager | Assistant Branch Manager | |||||
AMENDMENT TO KUN-MORTGAGE AGREEMENT
(Increase of the Maximum Mortgage Amount)
Creditor & Mortgagee: The Korea Development Bank
Obligor: Magnachip Semiconductor, Ltd.
Mortgagor: Magnachip Semiconductor, Ltd.
Description of the Mortgaged Property: Same as listed in Attachment
1. The Mortgagor and the Obligor, in order to secure their obligations to the Creditor, agree to modify the existing mortgage previously established on the Mortgaged Property pursuant to the Kun-Mortgage Agreement dated March 26, 2024, recorded with the Gumi Registry Office of the Daegu District Court on March 26, 2024, under Filing No. 12868.
Pursuant to this Amendment, the maximum mortgage amount shall be increased from Sixty Billion Won (W60,000,000,000) to One Hundred Billion Won (W100,000,000,000).
2. Except as expressly modified herein, all other terms and conditions of the original Kun-Mortgage Agreement shall remain in full force and effect.
December 8, 2024
| Creditor & Mortgagee: | The Korea Development Bank [corporate seal stamped] | |
| Address | 14, Eunhaeng-ro, Yeongdeungpo-gu, Seoul, Republic of Korea (Branch: Cheongju Branch) Authorized Agent Raehyeon Park
| |
| Obligor & Mortgagor: | Magnachip Semiconductor, Ltd. | |
| Address | 76 Jikji-daero, 436beon-gil Heungdeok-gu, Cheongju-si, Chungcheongbuk-do, South Korea Representative Director /s/ Young-Joon Kim [corporate seal stamped] |
| Seal compared by |
[English Translation]
<Attachment>
Legal Description of Real Estate Property
| 1. | Land |
Identification No[1760-1996-090403]
281, Imsu-dong, Gumi-si, Gyeongsangbuk-do
Factory site 39,574.4m2
| 2. | Land |
Identification No[1760-2007-003222]
281-1, Imsu-dong, Gumi-si, Gyeongsangbuk-do
Miscellaneous land 3,812.8m2
| 3. | Land |
Identification No[1760-2007-003223]
282, Imsu-dong, Gumi-si, Gyeongsangbuk-do
Factory site 35,489.7m2
| 4. | Land |
Identification No[1760-2007-003218]
282-2, Imsu-dong, Gumi-si, Gyeongsangbuk-do
Miscellaneous land 1,200.4m2
| 5. | Land |
Identification No[1760-2009-008403]
283, Imsu-dong, Gumi-si, Gyeongsangbuk-do
Building land 23,087m2
| 6. | Land |
Identification No[1760-2007-003199]
283-8, Imsu-dong, Gumi-si, Gyeongsangbuk-do
Miscellaneous land 1,033.2m2
| 7. | Building |
Identification No[1760-1996-091033]
281, Imsu-dong, Gumi-si, Gyeongsangbuk-do
282, Imsu-dong, Gumi-si, Gyeongsangbuk-do
283, Imsu-dong, Gumi-si, Gyeongsangbuk-do
1-dong
[Road Name Address] 375, Suchul-daero, Gumi-si, Gyeongsangbuk-do
Reinforced concrete 5-story factory building with slab roof
Basement Machine room, electrical room, shelter 4,482m2
1st floor Cafeteria 5,294.75m2
2nd floor Factory 3,327m2
3rd floor Factory 8,982m2
4th floor Factory 8,982m2
5th floor Factory 8,982m2
Rooftop 972m2
Lightweight steel frame single-story storage 12.5m2
Block single-story factory with silicon steel plate roof on truss (Waste storage) 428.40m2
Lightweight steel frame single-story factory with sandwich panel roof (Pump room) 75 m2
[English Translation]
| 8. | Building |
Identification No[1760-2007-001927]
281, Imsu-dong, Gumi-si, Gyeongsangbuk-do
282, Imsu-dong, Gumi-si, Gyeongsangbuk-do
283, Imsu-dong, Gumi-si, Gyeongsangbuk-do
2-dong
[Road Name Address] 375, Suchul-daero, Gumi-si, Gyeongsangbuk-do
Reinforced concrete 2-story factory building with slab roof and prefabricated panel roof
1st floor Office and air-conditioning machine room 2,554.15m2
1st floor Factory 1,843.2m2
1st floor Factory 1,479.26m2
1st floor Factory 140.1m2
1st floor Factory (storage) 84.21m2
1st floor Factory (storage) 67.21m2
2nd floor Factory 1,843.2m2
2nd floor Factory 1,354.14m2
Rooftop 115.2m2
| 9. | Building |
Identification No[1760-2007-001926]
281, Imsu-dong, Gumi-si, Gyeongsangbuk-do
282, Imsu-dong, Gumi-si, Gyeongsangbuk-do
283, Imsu-dong, Gumi-si, Gyeongsangbuk-do
3-dong
Reinforced concrete 2-story factory building with slab roof
1st floor Factory and office 4,927.6m2
2nd floor Factory and office 599.04m2
1st floor Factory 438.96m2
2nd floor Factory 3,473.2m2
Rooftop 270.76m2
| 10. | Building |
Identification No[1760-1996-091031]
281, Imsu-dong, Gumi-si, Gyeongsangbuk-do
282, Imsu-dong, Gumi-si, Gyeongsangbuk-do
283, Imsu-dong, Gumi-si, Gyeongsangbuk-do
4-dong
[Road Name Address] 375, Suchul-daero, Gumi-si, Gyeongsangbuk-do
Reinforced concrete 5-story factory building with slab roof
Basement Dormitory 1,488.34m2
1st floor Dormitory 1435.55m2
2nd floor Dormitory 1,004.495m2
3rd floor Dormitory 1,004.495m2
Rooftop 26.22m2
1st floor Dormitory 410.4m2
2nd floor Dormitory 592.8m2
3rd floor Dormitory 619.02m2
4th floor Dormitory 619.02m2
5th floor Dormitory 619.02m2
Rooftop 78.66m2
2nd floor Dormitory 26.22m2
4th floor Dormitory 978.275m2
5th floor Dormitory 1,004.495m2
Rooftop 93.48m2
[English Translation]
| 11. | Building |
Identification No[1760-2004-005345]
281, Imsu-dong, Gumi-si, Gyeongsangbuk-do
282, Imsu-dong, Gumi-si, Gyeongsangbuk-do
283, Imsu-dong, Gumi-si, Gyeongsangbuk-do
5-dong
[Road Name Address] 375, Suchul-daero, Gumi-si, Gyeongsangbuk-do
Reinforced concrete 2-story factory building with slab roof
1st floor Machine room 1,022.44m2
1st floor Machine room 1,075.48m2
2nd floor Machine room 402.14m2
1st floor Boiler room 1,075.92m2
2nd floor Boiler room 374m2
| 12. | Building |
Identification No[1760-1996-091034]
281, Imsu-dong, Gumi-si, Gyeongsangbuk-do
282, Imsu-dong, Gumi-si, Gyeongsangbuk-do
283, Imsu-dong, Gumi-si, Gyeongsangbuk-do
8-dong
[Road Name Address] 375, Suchul-daero, Gumi-si, Gyeongsangbuk-do
Reinforced concrete single-story factory building with sandwich panel flat slab roof on truss
Basement Machine room 73.83m2
1st floor Control room 111.60m2
| 13. | Building |
Identification No[1760-2004-005344]
281, Imsu-dong, Gumi-si, Gyeongsangbuk-do
282, Imsu-dong, Gumi-si, Gyeongsangbuk-do
283, Imsu-dong, Gumi-si, Gyeongsangbuk-do
9-dong
[Road Name Address] 375, Suchul-daero, Gumi-si, Gyeongsangbuk-do
Reinforced concrete single-story factory building with steel-plate roof
1st floor Dangerous goods storage 288m2
1st floor Dangerous goods storage 377.6m2
| 14. | Building |
Identification No[1760-2004-005349]
281, Imsu-dong, Gumi-si, Gyeongsangbuk-do
282, Imsu-dong, Gumi-si, Gyeongsangbuk-do
283, Imsu-dong, Gumi-si, Gyeongsangbuk-do
10-dong
[Road Name Address] 375, Suchul-daero, Gumi-si, Gyeongsangbuk-do
Reinforced concrete single-story factory building with steel-plate roof (Dangerous goods storage) 288m2
| 15. | Building |
Identification No[1760-2009-008404]
281, Imsu-dong, Gumi-si, Gyeongsangbuk-do
282, Imsu-dong, Gumi-si, Gyeongsangbuk-do
283, Imsu-dong, Gumi-si, Gyeongsangbuk-do
11-dong
Reinforced concrete single-story factory building with slate roof (Plating room) 172.8m2
[English Translation]
| 16. | Building |
Identification No[1760-2004-005412]
281, Imsu-dong, Gumi-si, Gyeongsangbuk-do
282, Imsu-dong, Gumi-si, Gyeongsangbuk-do
283, Imsu-dong, Gumi-si, Gyeongsangbuk-do
12-dong
[Road Name Address] 375, Suchul-daero, Gumi-si, Gyeongsangbuk-do
Reinforced concrete single-story factory building with slab roof
Basement Industrial water tank 421.5m2
1st floor Industrial water tank 13.5m2
| 17. | Building |
Identification No[1760-2004-005411]
281, Imsu-dong, Gumi-si, Gyeongsangbuk-do
282, Imsu-dong, Gumi-si, Gyeongsangbuk-do
283, Imsu-dong, Gumi-si, Gyeongsangbuk-do
13-dong
[Road Name Address] 375, Suchul-daero, Gumi-si, Gyeongsangbuk-do
Basement of reinforced concrete factory building with slab roof 671.77m2
| 18. | Building |
Identification No[1760-2004-005414]
281, Imsu-dong, Gumi-si, Gyeongsangbuk-do
282, Imsu-dong, Gumi-si, Gyeongsangbuk-do
283, Imsu-dong, Gumi-si, Gyeongsangbuk-do
14-dong
[Road Name Address] 375, Suchul-daero, Gumi-si, Gyeongsangbuk-do
Lightweight steel frame 2-story factory building with slab roof
1st floor F.A.B storage 83.86m2
2nd floor F.A.B storage 83.86m2
| 19. | Building |
Identification No[1760-2007-001929]
281, Imsu-dong, Gumi-si, Gyeongsangbuk-do
282, Imsu-dong, Gumi-si, Gyeongsangbuk-do
283, Imsu-dong, Gumi-si, Gyeongsangbuk-do
15-dong
Lightweight steel frame single-story factory building with prefabricated panel roof
Security office 324m2
| 20. | Building |
Identification No[1760-2004-005350]
281, Imsu-dong, Gumi-si, Gyeongsangbuk-do
282, Imsu-dong, Gumi-si, Gyeongsangbuk-do
283, Imsu-dong, Gumi-si, Gyeongsangbuk-do
16-dong
[Road Name Address] 375, Suchul-daero, Gumi-si, Gyeongsangbuk-do
Lightweight steel frame single-story factory building with panel roof on truss 270m2
| 21. | Building |
Identification No[1760-1999-007320]
281, Imsu-dong, Gumi-si, Gyeongsangbuk-do
282, Imsu-dong, Gumi-si, Gyeongsangbuk-do
283, Imsu-dong, Gumi-si, Gyeongsangbuk-do
17-dong
[Road Name Address] 375, Suchul-daero, Gumi-si, Gyeongsangbuk-do
Reinforced concrete single-story factory building with prefabricated panel roof 288m2
[English Translation]
| 22. | Building |
Identification No[1760-2005-008712]
281, Imsu-dong, Gumi-si, Gyeongsangbuk-do
282, Imsu-dong, Gumi-si, Gyeongsangbuk-do
283, Imsu-dong, Gumi-si, Gyeongsangbuk-do
18-dong
Steel-framed single-story factory with grass wool panel roof (Gym) 1,218.42m2
| 23. | Building |
Identification No[1760-2020-000803]
281, Imsu-dong, Gumi-si, Gyeongsangbuk-do
282, Imsu-dong, Gumi-si, Gyeongsangbuk-do
283, Imsu-dong, Gumi-si, Gyeongsangbuk-do
19-dong
[Road Name Address] 375, Suchul-daero, Gumi-si, Gyeongsangbuk-do
Reinforced concrete single-story factory building with panel roof (Dangerous goods storage and processing facilities)
1st floor High-pressure gas reservoir 103.5m2
| 24. | Building |
Identification No[1760-2022-003006]
281, Imsu-dong, Gumi-si, Gyeongsangbuk-do
282, Imsu-dong, Gumi-si, Gyeongsangbuk-do
283, Imsu-dong, Gumi-si, Gyeongsangbuk-do
20-dong
[Road Name Address] 375, Suchul-daero, Gumi-si, Gyeongsangbuk-do
Steel-framed single-story factory
1st floor Factory (Machine room) 320m2
