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Exhibition Rules Governing Exhibits

In these terms and conditions for exhibiting, the term "Exhibitor" shall include all employees, partnership, firm or individual to whom space has been allocated for the purpose of exhibiting. The term "Exhibition" shall mean "Seoul International Machine Tool Show 2010", including "SIMTOS2010". The term "Organizer" shall mean "Korea Machine Tool Manufacturers' Association (KOMMA)."

Space will be allotted in the order of receipt, the size of exhibition space, the history of past participation(1998∼2008), delivery/removal conditions of the exhibits and in the rational manner the Organizer deems fit.

The term "Participation fees" means the cost of the booth rent and optional shell stand including utility services (electricity, telephone, water & drainage, compressed air etc.). "Deposit" is 40% of participation fees. "Balance payment" means the amount deducted deposit (=60% of participation fees)

Exhibitors should remit a deposit within 14days after submitting application form. The contract shall be completed and be put into effect upon the Exhibitor's payment of deposit (40% of participation fees). The balance should be paid by not later than January 14th, 2010.

Bank Information
- Korea Exchange Bank (Branch: Samsung Station) Account number: 126-22-00305-6 Swift code: KOEXKRSE
- Industrial Bank of Korea (Branch: Trade Center Br.) Account number: 131-064621-04-013 Swift code: IBKOKRSE Beneficiary: KOMMA (Korea Machine Tool Manufacturers' Association)

The delivery and removal of the exhibits and booths must be completed by the appointed time by the Organizer. Exhibitors should indemnify the Organizer against any loss, which may be caused by delay or damage to the Exhibition Hall.

Exhibitors are required to subscribe to all risks insurance policy on all equipment and products during the fair period as well as the delivery/removal periods. The Organizer shall exercise its due care for the management, maintenance, protection and preservation of the entire exhibition hall and exhibits contained therein and thereby endeavor to achieve smooth operation of the fair. Exhibitors shall be held responsible for any loss, theft, or damage to any articles belonging to the Exhibitor.

Exhibitors are bound to exhibit the announced products and the Organizer reserves the right to restrict exhibits which may detract from the general character of the Exhibition. It is agreed that the sole purpose for contracting exhibit space is to display and/or demonstrate equipment, supplies and/or services. Cash sales within the confines of the exhibit space are prohibited.

In the event that the Exhibitor refuses to use all or part of the space allocated or the Exhibitor defaults on the payment, the Organizer shall have the right to terminate the contract forthwith. In addition, the stand charges shall not be refunded.

Space payment is non-refundable. In the event that Exhibitor fails to use all or part of any space contracted for, the following penalty will be put upon the Exhibitor to be paid within 15 days of cancellation to the Organizer. Participation fees already paid shall be taken for the penalty. Should that amount not be sufficient, the difference must be paid and any excess amount shall be returned.
If the Exhibitors Cancel application of whole space by October. 31st, 2009 Organizer charges the penalty equivalent to 40% of participation fees(no V.A.T). In case that Exhibitors cancel application since November 1st 2009, The Organizer charges the penalty according to the volume of canceled space. It Exhibitors cancel the application of whole space, Organizer charges the penalty equivalent to 100% of participation fees. Besides, Organizer charges the penalty equivalent to 40% of participation fees.(no V.A.T) if Exhibitors cancel the application of partial space.

The Organizer reserves the right to change the venue and duration of the Exhibition if exceptional circumstances demand such changes. In the event of a change of venue and/or date, or cancellation of the Exhibition, the Exhibitor shall not be entitled to any claim for compensation in connection with the booking for participation.

If necessary, the Organizer shall have the right to issue supplementary regulations in addition to those in the Rules Governing All Exhibits - SIMTOS2010. Those regulations and instructions shall be binding on the Exhibitors. The Exhibitor shall observe the KINTEX Rules and Regulations.

Any dispute, difference or question arising hereafter between the Organizer and the Exhibitor concerning the true construction of these Rules Governing All Exhibits or the rights and liabilities of the parties thereto shall be settled in accordance with the Commercial Arbitration Rules of the Korean Commercial Arbitration Board. The verdict of the above arbitration shall be final and binding upon both.