[별지 제3호 서식]

From :

To： Public Procurement Service,

the Republic of Korea

Memorandum of Price Reduction

PR No. :

Commodity :

Dear Sir ;

We hereby guarantee that the price stated does not exceed the regular domestic price as adjusted by the export differential and that such price is not higher than that charged to other buyer's similarly situated.

We also agree that any violation of the above clause will entitle PPS to cancel the contract and/or to deduct the excess price from any money due.

(Signature)

(Name and Title)