ReferNo.

:FJEX201910-
001
I
nter
nat
ionalExcl
usiveAgencyAgreement
PartyA
CompanyName: Fuj il
iftKor
eaCo.
,Ltd.
Regist
ered Addr
ess: 616,Daegotnam-Ro,Yangchon-
Eup,Gi
mpo-
Cit
y,Gy
eonggi
-Do,Republ
i
cof
Korea.
Tel: +82319836243
Fax: +82319832554

Part
yB
CompanyName: Smar tLif
t&Engineeri
ngCo.,
Ltd.
Regi
ster
edAddr
ess:West
ernRingRoad,Sana’
a

Tel01-470416
:
Fax:

Thetwopar
ti
esher
ebyconcl
udet
hef
oll
owi
ngAgencyAgr
eement
,whi
chshal
lcomei
ntof
orceon
Oct01,
2019.

Cl
ause1:Gener
alr
ight
soft
heAgency

1.
1PartyAgrantsPart
yBt heexcl
usi
veagencyfort
hePr
oduct
s(seeCl
ause2.
1)i
nthet
err
it
oryof
Yemen.(
Herei
naft
erknownastheTerr
it
ory)
.

1.
2Par t
yBshal
lbuyt
hePr
oduct
sfr
om Par
tyAandsel
lthem i
nhi
sownnameandf
ort
hisown
account
.

Cl
ause2:Def
ini
ti
onofPr
oduct
s

2.1Theexcl usiveagencyri
ghtsaccor dedt otheAgentshal lcov
ertheproducts,whichar esuppli
ed
ormanuf acturedbyPartyA,li
stedi
nt hel atestmaincatalogueandproducti
nformat i
on,includi
ngall
seri
eslif
ts-passengerelev
ator,machine-rooml essel
evator,bedel
evator
,fr
eightelevat
or, panor
amic
el
evator,v i
l
la/homel i
ft
sandel ectr
icI tem (Controlpanel,Contr
olBoard,I
nv er
ter,Hib,Cop,Shaf t
Cable,Al
l PCBBoar d)
.

Cl
ause3:Sal
esTask

Par
tyBshallpur
chasethePr
oduct
sfr
om Part
yAatleastint
hef
oll
owi
ngquant
it
yfr
om t
hedat
eof
enf
orcementoft
hisAgr
eementt
othefol
l
owingthr
eeyear
s:

- Fi
rstYear 10uni
ts
- SecondYear 15uni
ts
- Thir
dYear 30uni
ts

Cl
ause4Par
tyB’
sLi
abi
li
ti
esandRi
ght
s

4.1Par
tyBshallappl
yallappropri
atemeanst oensurehi ghandlong-
ter
m salesoftheProduct
sin
theTer
ri
tor
y.Thi
sdutyappli
est oall
Pr oductsint
hewhol eTer r
it
ory
.
4.2Par
tyBshallbeveryacti
veinpur singtheobject
ivesoft hi
sAgreement.Part
yBshallagreewit
h
Part
yA,ingoodti
me,totakepartinappr opri
atet
radef ai
rsandexhibi
ti
onintheTerr
it
ory.
4.3Part
yBmaynotr egi
stertrademar ks,fi
rm namesandothersy mbolsofPartyA(orsymbolsor
nameswhicharesimi
lartothoseofPar tyA)inhisownname,neit
herinsi
denoroutsi
detheTerri
tory
.
Part
yBmay ,usesuchsymbol sandnames, butonlyf
ort
hepurposesoft hi
sAgreement
.Permission
tousesuchnamesandsy mbol swillautomat ical
l
ybecancel
l
edupont er
minat
ionofthi
sAgreement
(r
egardl
essofther
easonforthet er
mi nation).

4.
4Par t
yBi sobli
gedunderhisownresponsi
bil
i
tytomaintai
ntherul
esoffai
r-
tr
ading.PartyBshal l
noti
fyPart
yAi mmediat
elyifhebecomesawar eofthefactt
hatanythi
rdpart
yhasi nfr
ingedPar t
y
A’si
ndustr
ialpr
opert
yri
ghts,andshal
lsuppor
tPartyAinhiseff
ort
stodefendhimselfagainstsuch
i
nfri
ngements.

4.5PartyBshallemployasuffici
entnumberoft r
ainedsal
espersonsandt echnici
anandengi
neers.
PartyBshallcarr
youtanyinstal
lati
on, commissioni
ngandwar r
antymaintenancejobprompt
lyand
rel
iabl
yanddev el
opaneffi
cientcustomerservice.
4.6Par t
yBshoul dkeepPar t
yAi nformedoft headmi t
tancecondit
ions,testmodeandef f
ecti
ve
standardet
c.intheaut
hori
zedmar ketandassistPartyAtopasstheassociatedproduct
smarki
ng.

4.
7PartyBshalluset
hedocument sgiventohim generall
yinthei
nterest
sofPartyA.PartyBmay
notuseanyconfi
dent
ialbusi
nessortechni
calinfor
mat i
ongainedinthecourseofhisacti
vit
iesf
or
Part
yAforhisownpurposes,normakesuchinformationav ai
l
abl
etoanyt hi
rdpar
ty.Thi
sconditi
on
al
soappli
esfort
heperiodaft
erter
minati
onofthisAgreement .

4.8Part
yBhast her
ight
storecei
vecli
ents’comment
sandcompl
ainst
owar
dsPar
tyA’
spr
oduct
s,
andinf
orm Par
tyAi
ntimesoastoprotectPart
yA’
sbenef
it
.

Cl
ause5Par
tyA’
sLi
abi
li
ti
esandRi
ght
s

5.
1Par
tyAshoul
dsuppl
yPar
tyBwi
thup-
to-
dat
epr
oduct
sandt
echnol
ogyi
nfor
mat
ion.

5.2Part
yAshoul
dber esponsi
blefordesigni
ng,manuf
actur
ingandt
ranspor
ti
ngal
lpr
oduct
stot
he
speci
fi
edpl
aceandgainsupportser
vicesneededbyPart
yB.

5.3PartyAshouldsupportPart
yBinhi
sAgreementacti
vi
ti
esbyprov
idi
ngPartyBwi
thcatalogues,
brochures,CDsandothersal
espromot
ionmater
ial
sfreeofchar
geandinsui
tabl
equant
it
ies,inso
farastheseareavai
labl
e.Theseobj
ect
sshal
lremaint
hepropert
yofPar
tyAunlesst
heyhavebeen
properl
ypassedontocustomers.

5.
4Par t
yAhavetheri
ghttogetthedet
ail
edi
nfor
mati
onofend-
userfr
om Par
tyB,whichcanhelp
Part
yA toacknowl
edgetherealsit
uat
ionofthemarketandr
unni
ngcondit
ionoftheelevat
ors
prov
idedbyPar
tyA.

5.
5Par
tyAshoul
dhel
pPar
tyBt
omai
ntai
nthecur
rentmar
ketandext
endt
hemar
ket
.

Cl
ause6:Pr
ice

6.
1PartyAshallpr
ovi
dePartyBspeci
albr
eakev
enf
act
orypr
icedur
ingt
hei
nit
ial6Mont
hmont
hs
oper
ati
onofAgencyAgreement
.

6.2Par
tyBi sfr
eetodeter
minehi
sownpr i
cing.Part
yBshall
,howev
er,char
gepri
ces,whi
chare
compet
iti
ve.Duetot
hereasonof4.
5,Par
tyBgett heprof
it
sfr
om i
nst
all
ati
on,commissi
oni
ngand
mai
ntenanceexcl
usi
vel
y,so Par
tyBal
sohav
et heri
ghttodecr
easepar
tsofi
tspr
ofi
tswhi
l
ethe
mar
ketsituat
ioni
sver
ycompeti
ti
vet
ohel
pget
ti
ngorders.

Cl
ause7:Ter
msofPay
ment

7.
1Par t
yB’sprofi
t
Part
yAshoul dprovi
dePar
tyBthepriceoft
hepr oductsandthef
it
ti
ngs.Par
tyBshould
Li
stthepriceinthemarket
ingrange.Thebalancet hatsal
espri
ce(i
fanyoverinv
oice)byPar
tyB
deductpri
ceoffer
edbyPart
yAshoul dbePart
yB’ sprofi
t.

7.
2Ter
msofPay
ment

7.2.
1PartyAshoul
dprovi
dePar
tyBwi
tht
hewhol
epr
oduct
sandi
tsf
it
ti
ngs.AndPar
tyBshoul
d
sett
lepay
mentbyLConly
.

7.
2.2I
npar
ti
cul
arcasesPar
tyBmaypayi
not
herway
saf
tert
henegot
iat
ionbet
weent
wopar
ti
es.

Cl
ause8:Per
iodofAgency

Thi
sAgreementisval
i
df ort
hreeyear
sf r
om thedateofexecut
ionoft
hisAgreement
.Theextensi
on
oft
hisagreementf
orfut
ureperi
odwillbenegoti
atedbet
weenthetwoparti
essixmonthsbef
orethe
agr
eementexpir
ati
on.

Cl
ause9:Pr
ohi
bit
ionofcompet
it
ion

9.1Part
yBshallrefrainfr
om anycompet i
tionagainstPar
tyA.PartyBshallnotwor kasanagentfor
fi
rms,whichmanuf actureorsellcompetingproductseit
herwithi
norout sidetheTerri
tory
(e.
g.as
di
stri
butorormediatingagent).Part
yBshal lbeinvolv
edinsuchfirmsneitherdir
ectl
ynorindi
rectl
y
andshalldonothingt opromotet heint
erestsofsuchf ir
ms.Thi sobl
igat i
onalsoappli
estot he
promoti
onofusedpr oducts.Excepti
onst otheabov econdit
ionsshallr equi
rethepr i
orwrit
ten
consentofPar
tyA.

9.2Part
yBshal li
nform Part
yAwithoutdel
ayi
fPart
yBshoul
dtakeonanyfurt
heragency,evenifi
t
i
sf orpr
oductswhi chdonotcompet ewit
hPart
yA’spr
oduct
s,gi
vi
ngthenameandaddr essofthe
otherpri
nci
palanddescr ibi
ngexactl
ythesubj
ectmatt
erofthenew agency
(products,terr
it
ory
,
customersent
rustedtoPar t
yB.

Cl
ause10:Br
eachandt
ermi
nat
ionofAgr
eement

10.1Ifei
therPart
yisindefaul
tinperf
ormi ngitsmateri
alobl
igati
onsst i
pulatedi
nthisAgreement
,or
breachanymat er
ialt
ermsi nanysupplement aldocumentshereto,wit
houtt heconsentoftheot
her
Party,
foraperi
odexceeding90day swithoutcur i
ngsuchdefault(a“Default
ingPart
y”)af
teranot
ice
fr
om t henon-defaul
ti
ngPar t
y,thenon- default
ingPartyshallhavet her i
ghttot erminat
iont
his
AgreementbynoticetotheDefaul
ti
ngPar ty.

10.2Ifeit
herPartybecomebankruptorinsol
vent,orhavei
tsbusi
nesspl
acedinthehandofa
recei
ver
,assigneeortrust
ee,whetherbyvoluntar
yact.Theot
herPartyshal
lhav
et heri
ghtt
o
termi
natethi
sAgreementbynot
icetotheopposit
eParty
.

10.
3Iftheoff
endi
ngpartycannotf
ulfi
llit
sobli
gati
onsunderthi
sagreement,t
henthe‘off
endi
ng
par
ty’
shoul
dcompensat
ethenon-of
fendingpar
tyforanyl
osscausedasaresul
toft
hebreach.
10.4Withoutprej
udi
cet
othepr
ovi
sionofClause10.
1and10.2her
eof
,thePart
iesexpressl
yagr
ee
thatthi
sAgr eementmaynotbeterminat
edbyei t
herPar
tyinthefi
rstt
hree( 3)yearsofthi
s
Agreement.

Cl
ause11:Ar
bit
rat
ion

Alldisputesinconnect i
onwithAgreementort heexecuti
onthereofshoul
dbeset t
ledfri
endl
y
throughnegoti
ations.Never
thel
ess,anydisputeswhichthepart
ieshav
enotsett
ledamicabl
yshal
l
beset t
ledbyAr bit
rat
ionCourtinSeoul
,Kor eaandbeconductedinaccor
dancewitht
her ul
esand
regulat
ionsoftheabov ementi
onedarbi
tr
ationcourt
.

Cl
ause12:Val
id,
Char
act
ersandLegalEf
fect

12.
1Thisagr
eementisval
idfort
hreey
ears.I
fPart
yBperfor
mst otheter
msoft heagreementasset
outint
heagreementtheagr
eementwil
lbeautomati
cal
l
yextendedforafur
therperi
odofthreeyear
,
whichi
ssubjectt
ochange.

12.2 This agreementshoul d notbe eff

ected withthe change ofpart
y’s di
rect
ororlegal
represent
ati
ve,aswellast henamesandaddr essesofbot
hparties.Thi
sagr
eementshoul
dnotbe
effectedbythemerge,j
ointvent
ure,et
cofbothparti
es.

12.
3Thi
sagr
eementhast
wocopi
esofor
igi
nal
Engl
i
shVer
sionsr
espect
ivel
y.

Part
yA
CompanyName: Fujil
i
ftKoreaCo.,Lt
d.
Regi
steredAddr
ess: 616,Daegot
-nam Ro,Yangchon-
Eup,Gi
mpo-
Cit
y,Gy
eonggi
-Do,
Republ
i
cof
Kor
ea.
Represent
ati
ve: HyoYongLee(ChiefExecut
iveOff
icer
)

Si
gnat
ure:
Dat
e

Part
yB
CompanyName: Smar t&Engineer
ingCo.
,Lt
d.
Regi
ster
edAddr
ess:West
ernRi
ngRoad

Repr
esent
ati
ve: .Os
Mr amaSai
f

Si
gnat
ure:
e:Oc
Dat t01-2019