Article Content
Section X: Alternations, Dissolution, and Liquidation of the Special Purpose Company
| Article 95 |
（Permission required for changes to the Articles of Incorporation）
Alteration of the SPC's Articles of Incorporation shall be approved by the competent authority. |
| Article 96 |
（Reason for dissolution）
The SPC shall be dissolved if any of the following events occurs:
1. a cause of dissolution as set forth in the Articles of Incorporation;
2. bankruptcy;
3. revocation or annulment approved by the competent authority;
4. dissolution ordered by the company registration authority or pursuant to a decision of court; or
5. other causes prescribed by the competent authority.
In the event of an apparent difficulty in the operation of the SPC or material damage thereto, after consulting with the competent authority and notifying the company, the court shall make a ruling for the dissolution of the company, with a written petition from holders holding more than ten (10) percent of the total units of the Asset-Backed Securities in the same series,. |
| Article 97 |
（Authorities of creditors and meetings）
Creditor's rights regarding a special liquidation under Chapter 5, Section 12, Subsection 2 of the Company Act shall be exercised by the Asset-Backed Security holders; and rights relating to the creditors' meeting shall be exercised by the Asset-Backed Security holders or the Supervisory Institution. |
| Article 98 |
（Assignment of remaining properties after repayment of debts）
After the liquidators have paid off all debts in accordance with the asset securitization plan, the remaining Assets shall be distributed to the shareholders. Article 330 of the Company Act shall not be applicable. |
| Article 99 |
（Reporting after completion of clearing）
Upon completion of the liquidation, the liquidator shall report the result to the competent authority within fifteen (15) days after recognized by the shareholders.. |
| Article 100 |
（Applicable scope of special purpose companies）
The provisions of Sections 10 and 11 of Chapter 5 of the Company Act shall not apply to the SPC. |
| Article 101 |
（Regulations that apply mutatis mutandis to items herein）
Articles 11 to 12, Article 15, Article 17, Article 19, Article 22, Articles 38 to 41, and Article 42, Paragraph 2 hereof shall apply mutatis mutandis to the SPC. |