COOPERATION AGREEMENT(영문‐법인설립계약서)
This Agreement, entered into on the 21s1 day of February, 1994 between SAM. CONTROLS, INC, a corporation constituted in accordance with the laws of the State 설립주법, with principal office at 1820 N. Lincoln 57, Orange, California 92665(hereinafter called SAM) and ABC CO., Ltd.,a corporation constituted in accordance with the laws of the Republic of Korea, with principal office at , Kyungki‐Do, the Republic of Korea 435030(hereinafter called ABC) 미국의 경우는 초사무소가 설령 캘리포니아주에 있더라도 그 회사의 설립 근거법규는 다른 주(State)의 법에 근거하는 경우가 많음
WITNESSETH THAT :
Whereas SAM has specific expertise and experience in the design and manufacture of specialized equipments for the Naval Combat ship Market (as hereinafter specified)
;Whereas ABC has manufacturing and marketing expertise and experience for such equipments in the Republic of Korea ;Whereas, recognizing the need to cooperate positively with each other for the successful marketing of such equipments in the Republic of Korea and overseas, both the parties desire to enter into a cooperation agreement (or the engineering, designing, marketing, pricing preparation, manufacturing, servicing, warranties and other necessary cooperation of such equipments ;
NOW, THEREFORE, IT IS AGREED AS FOLLOWS:
Article 1. Exclusive Cooperation
11. This Agreement sets down an exclusive cooperation and business arrangement of such equipments in Article 2 in the Republic o( Korea.
12. This Agreement sets down a non‐exclusive cooperation and business arrangement of such equipments in Article 2 in other areas except the Republic of Korea.
Article 2. Scope Of Equipments
The scope of equipments for the purpose of this Agreement shall be in the following items, to which other required items may be added after mutual consultation between parties.
· Steering gear
· Cranes
· Elevators
· Anchor windlass
· Hydraulic power unit
· Bow and stern gate operating gear(for landing ships)
· Winches, electric and hydraulic
· Electric motor controls
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2007.11.22
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