-- COMPANY CONFIDENTIAL --	 



 


AGENT
AGREEMENT


 


between


 


Hatteland
Display AS


Amsosen


5578
Nedre Vats


Norway


(hereinafter
referred to as “HD”)


 


and


 


e-MLX
Co., Ltd.


9F
Seoul Technopark B/D


172
Gongneung 2-Dongm Nowon-gu


Seoul,
Korea 139-743


(hereinafter
referred to as “E-MLX”)


 


Whereas
Hatteland wishes to appoint E-MLX as its sole agent


for
sale of their products


in
the territory the parties have agreed as follows:


 




    	-- COMPANY CONFIDENTIAL --	Page 1 of 7
	Hatteland Display, AS, Amsosen, N-5578 Nedre Vats, Norway


Tel: (+47) 4814 2200 - mail@hatteland-display.com – www.hatteland-display.com






    	 



    

 


	-- COMPANY CONFIDENTIAL --	 



 











	Content	 
	 	 
	1	Definitions applicable to this Agreement	3
	2	Appointment	3
	3	Conditions of Sale	3
	4	Commission	4
	5	Warranty	4
	6	Indemnities	5
	7	Confidentiality	5
	8	Notices	5
	9	Termination	6
	10	Force Majeure	6
	11	Applicable Law and Disputes 	6
	12	Amendments	7
	13	Effective date of contract (E.D.O.C)	7


 




    	-- COMPANY CONFIDENTIAL --	Page 2 of 7
	Hatteland Display, AS, Amsosen, N-5578 Nedre Vats, Norway


Tel: (+47) 4814 2200 - mail@hatteland-display.com – www.hatteland-display.com






    	 



    

 


	-- COMPANY CONFIDENTIAL --	 



 


1.
Definitions applicable to this Agreement


 


	 	Products	 	HD
    Monitors, Panel Computers and Computers for Sale to the Marine, Offshore and other suitable markets.


 


	 	Territory	 	Korea


 


	 	Sole
    Agent 	 	The
    only agent in the territory. That is, no other agent shall be appointed in the territory during the period in which this agreement
    is in force.


 


2.
Appointment


 


	 	2.1.	 	HD
    hereby appoints E-MLX as its sole agent for the sale of their products in the territory.
	 	2.2.	 	E-MLX
    shall not actively promote competing products in the territory during the period in which this agreement is in force.
	 	2.3.	 	In
    the event of E-MLX being unable to deal with potential customers within the territory for any reason, HD shall be entitled
    to deal directly with such potential customer. In such event HD shall keep E-MLX informed in all relevant communications to
    and from the potential customer to enable a mutual close follow-up of all relevant issues.
	 	2.4.	 	E-MLX
    shall have no authority or power to conclude contracts on behalf of HD.
	 	2.5.	 	E-MLX
    shall keep HD advised of potential sales opportunities in the territory and shall refer enquiries to HD as they arise. HD
    shall keep E-MLX informed in the event of enquiries being received directly from potential customers in the territory.
	 	2.6.	 	HD
    shall evaluate the technical requirements of potential customers and advise E-MLX, including key account description, sales
    forecasts and application information/requirements, in a format and at such times as shall be specified by HD.


 


3.
Conditions of Sale


 


	 	3.1.	 	Price
	 	 	 	The
    products shall be basically sold on the Sales and Delivery Terms of HD and HD shall set the price. In case E-MLX purchase
    products from HD and want to sell them to customers, E-MLX is free to set its own conditions of sale.
	 	3.2.	 	Payment
    Terms
	 	 	 	E-MLX
    has payment terms of 30days, net from the day of shipment.
	 	3.3.	 	Order
    Acknowledgement
	 	 	 	Firm
    orders will be confirmed by HD. Each order acknowledgement indicates specific product quantity, price, delivery dates, bill-to
    and ship-to addresses and if applicable, any other special instructions.
	 	3.4.	 	Delay
    of Delivery
	 	 	 	If
    HD at any time anticipates or realises that delivery will be delayed, HD shall immediately notify E-MLX, giving reason for
    the delay and stating the measures that will be put into effect. HD makes the utmost efforts to settle such problems.
	 	3.5.	 	Liability
    of Hatteland
	 	 	 	Hatteland’s
    liability for damage to customer or other resulting from failure or defect of the goods and/or delayed delivery shall in no
    event exceed the purchase price of ordered products.


 




    	-- COMPANY CONFIDENTIAL --	Page 3 of 7
	Hatteland Display, AS, Amsosen, N-5578 Nedre Vats, Norway


Tel: (+47) 4814 2200 - mail@hatteland-display.com – www.hatteland-display.com






    	 



    




 


	-- COMPANY CONFIDENTIAL --	 



 


4.
Commission


 






	 	4.1	 	HD
    shall pay E-MLX commission for all orders obtained by effort of E-MLX :




 





	 	●	from
    customers within the territory for delivery within the territory
	 	●	from
    customer within the territory for delivery elsewhere




 





	 	4.2.	 	Commission
    shall be payable at the rate of 7 (seven)% on the invoice value of the products excluding freight and taxes except as in clause
    3.2.
	 	 	 	 
	 	4.3.	 	No
    commission shall be paid on purchases by E-MLX.
	 	 	 	 
	 	4.4.	 	Commission
    shall be paid to E-MLX within thirty working days after receipt of the commission invoice from E-MLX described as in clause
    3.3. and under the condition of receipt of payment of the full customer invoice value by Hatteland.
	 		 	 
	 	4.5.	 	Where
    commission has been paid by HD to E-MLX in respect of an order placed by a customer and the same customer places a subsequent
    order directly with HD during the period in which this agreement is in force, commission shall be payable, provided that delivery
    is to take place in the territory or the customer is within the territory and has placed the order from within the territory
    for delivery elsewhere.
	 	 	 	 
	 	4.6.	 	If
    termination of this agreement takes place in terms of clause 5 hereof commission shall be payable in terms of clause 3.3.
    on applicable contracts for sale of the products concluded prior to the date of termination and on applicable contracts for
    which price negotiation was entered into but not concluded before date of termination.
	 	 	 	 
	 	4.7.	 	On
    termination for whatever reason, E-MLX shall not be entitled to any commission or indemnity or other payment whatsoever other
    than commission in terms of clause 3.3. hereof.




 








S.
Warranty


 


For
purchases by E-MLX, HD warrants that all items of Deliverable Items to be delivered free from defects in and malfunctions arising
from workmanship, material and design. If E-MLX shall give notice of any defect, deficiency or non-conformance must E-MLX do this
within thirty six (36) months from the date of delivery of the Deliverable Items.


For
purchases by customers directly with HD, standard HD warranty terms apply.


 


HD
shall warrant repaired or replaced items as above, for a period expiring either simultaneously with the initial warranty of the
equipment, or six (6) months after delivery of such repaired or replaced item, whichever is the latest.


 


This
guarantee shall only apply insofar as the item has been operated and been maintained correctly, in accordance with Hatteland’s
recommendations, service manuals produced by HD upon request, on the understanding that the said item has been used under normal
operating conditions.


 


Freight
cost for warranty claim will be covered by both parties. E-MLX will cover the freight cost from site to HD and HD will cover the
freight cost for the return from HD to E-MLX ’s facilities.


 


HD
Policies will apply, see web site http://www.hatteland-display.com.


 




    	-- COMPANY CONFIDENTIAL --	Page 4 of 7
	Hatteland Display, AS, Amsosen, N-5578 Nedre Vats, Norway


Tel: (+47) 4814 2200 - mail@hatteland-display.com – www.hatteland-display.com






    	 



    

 


	-- COMPANY CONFIDENTIAL --	 



 





6.
Indemnities




 


The
Parties shall defend, indemnify and hold each other harmless from all costs, claims, charges, losses, expenses, liabilities, or
civil proceedings of every kind for death of or personal injury to their respective employees and for damage to or loss of their
respective property or the property of their respective employees, arising out of the performance of this agreement, except when
resulting from or contributed to by the gross negligence or willful misconduct by the other Party and/or its employees.


 


Neither
Party shall be liable to the other for indirect or consequential losses and damages such as, but not limited to, loss of profit,
loss of contract and loss of revenue arising out of the performance of this agreement.


 


Each
Party shall indemnify and hold harmless the other Party in respect of liability for loss, damage or injury to third Parties resulting
from acts or omissions of itself or its employees in connection with the performance of this agreement.


 


7.
Confidentiality


 


During
the period in which this agreement is in force E-MLX shall keep and assure to keep secret and confidential all information received
from HD that is not already known in the public domain. Such obligation shall endure after termination of this agreement until
such information becomes public knowledge by publication through HD but to the extent only of such publication.


 


8.
Notices


 


Any
notice or communication to be made in the frame of this agreement and its performance shall be in writing and sent by prepaid
mail, fax or email to the following address and individuals designated for each Party:


 





	For
    e-MLX:	 	 
	Name:	 	Peter
    Kim, Sales Assistant Manager
	Address:	 	9F
    Seoul Technopark BID 172 Gongneung 2-Dong, Nowon-gu, Seoul, Korea
	Telefax:	 	+82
    2 944 6569
	Ph:	 	+82
    2 944 6566
	 	 	 
	For
    HD:	 	 
	Name:	 	Goetz
    Vogelmann, Sales Director East Europe & ASIA
	Address:	 	Amsosen,  N-5578
    Nedre Vats, Norway
	Telefax:	 	+47
    5276 5444
	Ph:	 	+47
    4814 2200







 







    	-- COMPANY CONFIDENTIAL --	Page 5 of 7
	Hatteland Display, AS, Amsosen, N-5578 Nedre Vats, Norway


Tel: (+47) 4814 2200 - mail@hatteland-display.com – www.hatteland-display.com






    	 



    

 


	-- COMPANY CONFIDENTIAL --	 



 


9.
Termination


 


Either
Party shall be entitled to terminate immediately, by written notice to the other Party, this agreement and any other order without
being liable to the other Party for damage resulting from such termination if the other Party becomes bankrupt or insolvent.


 


In
case of material default of a Party, including breach of a major obligation under this agreement or an order, the non-breaching
Party shall give the other Party written notice of default, and provided the defaulting Party within twenty-one (21) days has
not either remedied or presented a satisfactory action plan to remedy the default, the nonperformance or the breach, the other
Party may terminate this agreement.


 


In
addition either Party can terminate at any time this agreement within three (3) months’ notice, by registered mail. Consequence
of a termination where none of the Parties have breach a major obligation or material default is that the non-breaching


Party
shall be allowed to claim to the defaulting Party direct cost linked to such termination.


 


If
there is a change of management control or ownership of E-MLX, then in any such case, HD shall have the option to terminate this
agreement by notice in writing from such date as it may designate.


 


The
Parties shall meet to define by mutual understanding the term and conditions of termination in particular to solve the problems
arising from the subsequent cancellation of this agreement. This meeting shall be held before the date of termination


 


10.
Force Majeure


 


In
the event either Party is prevented from carrying out its obligations hereunder, wholly or in part, for reasons of Force Majeure,
then the Party so affected is excused from carrying out its obligations during the continuance of the Force Majeure circumstances.


 


A
Party shall notify the other Party in writing as soon as it becomes aware of any Force Majeure event affecting the perfom1ance
of its obligations hereunder and of termination of each such Force Majeure event.


 


The
term Force Majeure shall for the purpose of this agreement mean an occurrence beyond the control of the Party affected, provided
that such Party could not reasonably have foreseen such occurrence at the time of entering into this agreement and could not limited
to: act of God, strike, lockout, or other industrial disturbance, act of public enemy, war, blockage, riot, lightening, fire,
storm, flood, explosion and Government restriction.


 


11.
Applicable Law and Disputes




 


This
Agreement shall be governed, construed and take effect in all respects in accordance with the law of the Kingdom of Norway. Any
dispute relating to the interpretation shall be sought resolved amicably through negotiations. If negotiations fail, arbitration
would be undertaken in the city of Haugesund, Kingdom of Norway. If arbitration fails, the dispute shall be referred to the City
Court of Haugesund, Norway





 




    	-- COMPANY CONFIDENTIAL --	Page 6 of 7
	Hatteland Display, AS, Amsosen, N-5578 Nedre Vats, Norway


Tel: (+47) 4814 2200 - mail@hatteland-display.com – www.hatteland-display.com






    	 



    




 


	-- COMPANY CONFIDENTIAL --	 



 


12.
Amendments


 


Any
amendment or waiver to any provision of this agreement shall only be effective upon a written covenant in the form of an amendment
to this agreement duly executed by the Parties.


 


13.
Effective date of contract (E.D.O.C)


 


This
Agreement shall become effective on the date of the occurrence of signature of the agreement by the Parties.


 


IN
WITNESS WHEREOF,


 


the
Parties hereto have executed this agreement at place and date hereinafter:


 


Made
in two originals in Nedre Vats on the 2011.05.31.





 





	For Hatteland Display AS	 	For E-MLX Co., Ltd.
	 	 	 
	 	 	 
	Lars Skeljbred-Eriksen	 	JJ Ung Gyu Kim
	VP Sales & Marketing	 	CEO
	 	 	 
	Place/Date:	          	 	Place/Date:	 
















 






    	-- COMPANY CONFIDENTIAL --	Page 7 of 7
	Hatteland Display, AS, Amsosen, N-5578 Nedre Vats, Norway


Tel: (+47) 4814 2200 - mail@hatteland-display.com – www.hatteland-display.com