ARTICLE 1) Definitions 1. 『Exhibitor』 means any company, entity or individual who submitted registration application to participate in this exhibition event for the purpose of exhibiting. 2. 『Exhibition』 means 『STELL&METAL KOREA 2023』 event. 3. 『Organizer』 shall mean 『The Fairs Co., Ltd.』. ARTICLE 2) Participant’s application to the exhibition event 1. Application to participate in the exhibition event as exhibitor shall be submitted in the prescribed registration form to the organizer. 2. Exhibitor shall pay participation fee as exhibition contract deposit to establish exhibition contract within 3 days after receiving invoice. However, in case organizer has oversold exhibition spaces or in case organizer decides that particular items of an applicant to be exhibited is not suitable for the event, organizer may refuse registration. Also, organizer, within 15 days from date of applicant’s registration, may cancel the registration and refund contract deposit already paid-in. ARTICLE 3) Allocation exhibition spaces 1. Organizer shall have the authority to allocate exhibition spaces to each (participating) exhibitor, according to the order of applications or by discretion. Exhibitor has no right to intervene. 2. Organizer shall have the right to change the position and size of exhibition space allocated to a particular exhibitor by mutual discussion at any time prior to commencement of exhibition build-up period. The exhibitor, unless there is an unavoidable cause to remain at the original allocated space, agrees to cooperate to change above details. ARTICLE 4) Management of exhibition spaces 1. Exhibitor shall manage its exhibition booth in the way to provide the best exhibition service, by exhibiting proper exhibit items designated on its participation registration and staffing the space with permanently stationed personnel. 2. In case exhibitor exhibit items un-identical to those designated on registration application, or not suitable for the exhibition event, organizer may immediately order to stop, remove or take out the items from the venue. In this case, organizer will not refund participation fee and exhibitor shall have no right to claim compensation for damages. 3. If necessary, organizer may limit a particular person’s access to the exhibition venue. Exhibitor shall not transfer or resale the exhibition spaces to a third party or exchange, all or part of the allocated exhibition spaces with other exhibitors, without written consent from organizer in advance. 4. Exhibitor shall not affect alteration of the original state of the exhibition venue -floor, ceiling, pillar, wall, etc.- by painting, nailing, etc. In case of any damage, exhibitor shall compensate properly for exhibition venues pursuant to restoration request by organizer. 5. Organizer may selectively limit particular exhibit items or prohibit act of exhibiting for the purpose of maintenance of orderly and safe management and prevention of behaviors susceptible to social criticism in the venue. ARTICLE 5) Payment terms of participation fee 1. Exhibitor shall the entire registration fee within 3 days after submitting application form. If the entry fee is more than US$ 20,000, it can be agreed with the organizer and paid by dividing the deposit and the balance. When paying in installments, the deposit shall be paid within 3 days after the submission of the application for participation, and the balance shall be paid by September 8, 2023. 2. In case exhibitor fails to pay the second payment by the due date, organizer may terminate the exhibition contract. In this case, exhibitor shall have no right to claim refund the participation fee already paid. 3. In case exhibitor defaults in payment of various costs -participation fee, technical assistance, etc.-, organizer may have a lien on exhibitor’s exhibit items until full payments. All lien-related expenses shall be borne by the exhibitor. ARTICLE 6) Cancellation of exhibition contract by exhibitor 1. In case exhibitor cancels all or part of the exhibition spaces contracted, exhibitor shall immediately inform organizer in writing. 2. In the event that exhibitor fails to use all or part of any spaces after participation registration and submission of exhibition contract, the exhibitor shall pay following penalty to organizer within 15 days of cancellation. Participation fees already paid shall be taken for the penalty. Should that amount not be sufficient, the difference must be paid. Any excess amount shall be returned. - If exhibitor cancels application of the whole space by July 31, 2023, organizer charges the penalty equivalent to 50% of participation fees (booth occupation), and 25% in case of reduction of exhibition spaces. - If exhibitor cancels the application after July 31, 2023, organizer charges the penalty equivalent to 100% of participation fees (booth occupation), and 75% in case of reduction of exhibition spaces. 3. Any refunded amount will not bear interest. ARTICLE 7) Cancellation or changes by organizer 1. In case organizer cancels exhibition event, any and all participation fees already paid shall be refunded. However, organizer may carry the deposit paid in over to the next exhibition event to the extent that such situation occurred by force majeure or due to any circumstances not within organizer’s control. In this case, exhibitor has no right to claim compensation to organizer for the result of the carry over. ARTICLE 8) Booth installation, exhibit display and removal of exhibits 1. Exhibitor shall complete booth installation, display of exhibit items by the date stipulated by organizer. 2. The removal of every exhibit and the booths must be completed by the date and time stipulated by organizer. Exhibitor shall immediately reimburse organizer against any costs which may be caused by delayed removal. ARTICLE 9) Security guard, risk responsibility and insurance 1. Organizer shall arrange proper guards stationed in the venue for the interest of security for exhibitors and guests. 2. Exhibitor shall be fully responsible for any damage or theft to equipment and exhibits within the allocated area incurred during the exhibition period, equipment, and dismantling period. 3. Exhibitor shall be held fully responsible for any damage incurred to organizer or other parties due to fire, theft, loss or any other accident which the exhibitor has caused by intention or negligence. Exhibitors are also required to subscribe to all risks insurance policy on all exhibits. ARTICLE 10) Fire regulations 1. Materials used and installed in displayed structures shall be properly fireproofed in accordance with the regulations of Korea. 2. If necessary, organizer shall request correction regarding fire protection law. ARTICLE 11) Supplement regulations 1. Organizer can supplement with Exhibitor Regulations in case of need. ARTICLE 12) Dispute resolution 1. Any dispute arising hereafter between organizer and exhibitor concerning the true construction of this contract shall be settled in accordance with the Commercial Arbitration Rules of the Korean Commercial Arbitration Board.