Business Agent Agreement

BUSINESS AGENCY AGREEMENT This Agreement made and entered into on this ( )th day of ( ), 2003, by and between (Agent ), a corporation duly organized and existing under the laws of the Republic of Korea, having its principal place of business at ( ), the Republic of Korea, (hereinafter referred to as the Company ) and (AGENT ), a corporation duly organized and existing under the laws of (AGENT ), having its principal office at (AGENT ), (hereinafter referred to as the Agent ).. 4.2 The sales of Products by the Company, during the term of this Agreement for which the Agent is entitled to receive the commission described in the preceding Paragraph 4.1 include and are limited to: (a) any sale of Products by the Company, where the Products are to be delivered by the Company to a location within the Territory pursuant to an order or enquiry received from a customer whose address, from which such order or enquiry was received, is located in the Territory, irrespective of whether such order or enquiry was received directly by the Company or through the Agent, and (b)any sale of Products by the Company, other than a sale described in the preceding subparagraph (a), made pursuant to any order or enquiry first forwarded by the Agent to the Company, where such Products are to be delivered by the Company to a location within the Territory, and/or the customer s address, from which such order or enquiry was received, is located in the Territory.. (Termination) 10.1 This Agreement may be terminated by a ( ) days notice in writing given by the Company to the Agent upon the occurrence of any of the following events: (a) If the Agent becomes bankrupt, or (b)If the Agent makes any composition or enters into an arrangement with his creditors, or (c)If the Agent has any distress or execution of the like levied upon any of its goods or effects, or (d)If the Agent fails to achieve the minimum sales target as specified in Article 5 hereof or performs or engages in sales activities unsat