Loan Extension Agreement
Exhibit 10.66
This Loan Extension Agreement is an agreement to extend the borrowing period of the Loan Agreement, dated April 22, 2024 (the “Loan Agreement”), between ▇▇▇ ▇▇▇▇▇-▇▇▇, as lender, (hereinafter referred to as “Party A”) and Holdings Korean Branch, as borrower (hereinafter referred to as “Party B”). On April 22, 2024, Party A lent 180,000,000 KRW to K Enter Holdings, and on May 3, 2024, K Enter Holdings repaid 100,000,000 KRW of the borrowed amount, leaving a remaining loan balance of 80,000,000 KRW. As the maturity of the existing loan agreement has approached, Party A and Party B hereby enter into this Loan Extension Agreement to extend the maturity of the Loan Agreement as detailed below as of October 23, 2024.
Article 1 Summary
| 1) | Amount for extending the borrowing period: 80,000,000 KRW. |
| 2) | There will be 4.6 % per Annum charged on the loan |
| 3) | However, early repayment is possible if both Party A and Party B agree on the repayment date. |
Article 2 Extension for Loan Term and Late Interest
| 1) | Extension for Loan Term |
The loan period under the Loan Agreement shall be extended from October 23, 2024, to the earlier of June 30, 2025, or within five days after the K Wave Media Ltd registration statement on Form F-4 is declared effective by the U.S. Securities and Exchange Commission.
To certify the execution of this Loan Extension Agreement, two copies of this Loan Extension Agreement are prepared, and Party A and Party B will each keep one copy after signing and placing its seal.
Dated: October 23, 2024
| Party A: | /s/ ▇▇▇, ▇▇▇▇▇ ▇▇▇ |
▇▇▇, ▇▇▇▇▇ ▇▇▇
Address: ▇▇▇-▇▇▇▇, ▇▇, ▇▇▇▇▇-▇▇ ▇▇▇▇▇▇▇-▇▇▇, ▇▇▇▇▇▇▇-▇▇, ▇▇▇▇▇▇▇▇-▇▇,
▇▇▇▇▇▇▇▇-▇▇, ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇
| Party B: | /s/ ▇▇▇▇ ▇▇▇ ▇▇▇▇ |
K Enter Holdings Inc Korean Branch
Address: ▇▇▇▇ ▇▇, ▇▇▇, ▇▇▇▇▇-▇▇, ▇▇▇▇▇▇▇-▇▇, ▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇
CEO: ▇▇▇▇ ▇▇▇ ▇▇▇▇