AGENCY AGREEMENT
This Agreement (the Agreement) is made this [first day of June 1996], by
and between X Inc. (Agent),a corporation duly incorporated under the laws
of the Republic of Korea with its principal place of business at 159 Sams-
ungdong, Kangnam-ku, Seoul, Korea and [Y Co.,Ltd.](Company),a corporation
duly incorporated under the laws of [the state of New York, United States of
America] with its principal place of business at [140, 51st West, New York,
N.Y.,U.S.A].
WITNESSETH:
WHEREAS, the Company wishes to market [electronic goods. etc.](the
products)in the Republic of Korea (the Territory)and for such purpose enter
into an agreement with the Agent; and
WHEREAS, the Agent is willing to market the Products in the Territory and
render its services to the Company; Now, THEREFORE, in consideration of the
mutual premises herein contained, the Parties hereto agree as follow;
Article 1. APPOintment
1.1 The Company hereby appoints the Agent and the Agent hereby accepts appo-
intment as the Company's exclusive agent for the sale of the Products
within the Territory on the terms and conditions set forth herein.
1.2 The Company shall not, itself directly or through third parties, sell, di-
stribute or market the Products to the customers in the Territory (the Cu-
stomers) or appoint other representatives, agents, distributors or the li
ke with authority to sell or lease the Products to the Customers and the
Company shall exert its best efforts and take all necessary legal actions
to cause its other distributors, agent, representative or the like not to
sell distribute or lease, directly or through third parties, the Products
to the Customers.
Article 2. Agent's Duties and Responsibilites
2.1 The Agent shall explore, develop and promote the sale of the Products and
shall make good faith efforts to increase the sales of the Products wit-
hin the Territory. To achieve such purposes, the Agent will keep the Com-
pany informed of the status of the sales progress, make recommendations
and suggestions to the Company and asist and cooperate with the Company.
Article 3. Company's Duties and Responsibilities
3.1 The Company shall use its best efforts to assist and cooperate with the
Agent in developing and promoting the sale of Products in the Territory.
The Company shall, at its expense expeditiously provide samples, sales
literature, demonstration kits and any other material, requested by the
Agent necessary for the Agent's performance of its duties under the Agr- |
2008.03.27
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