Anti-Submarine War-Training Simulator Maintenance Contract between R.O.K. Navy Logistic Command and e-Marine Co., Ltd.

Summary

This contract is between the R.O.K. Navy Logistic Command and e-Marine Co., Ltd. for the maintenance of an Anti-Submarine War-Training Simulator. e-Marine will provide maintenance services from December 27, 2017, to February 28, 2019, for a total contract amount of 754,600,000 Won. The agreement includes a warranty, a delinquency rate for late performance, and provisions for long-term partial payments. The work will be performed at the designated unit, and the contract outlines payment schedules and price adjustment terms.

EX-10.34 6 ex10-34.htm

 

Maintenance Project Contract (Translation)

 

Contract Between

Customer

Reg. No. 609-83-00455 Contract Manager Junhee Kim

Name

R.O.K. Navy Logistic Command

Project Manager

Ji Soo Kim
055 ###-###-####

Company

Reg. No. 314-81-38419 Company No. 1601110109715
Name e-Marine Co., Ltd. CEO

Ung Gyu Kim

(070-7204-9313)

Address 4th Floor, 15-14, Samsan-ro 308beon-gil Nam-gu, Ulsan, 44715 South Korea
Bank Kookmin Account No. 468250010871 Account Owner e-Marine

Contract Details

Contract Name Anti-Submarine War-Training Simulator (ASWTT) Maintenance

Contract Amount

(Advance

General 603,680,000 Won      
Treasury Bonds None        
Total 603,680,000 Won      
Contract Amount (Total) 754,600,000 Won      
Contract Warranty 75,460,000 Won      
Deliquency Rate 0.25%        
Price Fluctuation Contract Accodring to Article 64 (1) Item 1 Adjustment rate
Contract Period 2017.12.27 - 2019.02.28
Project Period 2017.12.27 - 2019.02.28
Delivery Place Respective Unit Stamp Tax None
Other Matters

Long-term partial payments (50,306,680 won in ’17, 603,680,000 won in ’18,100,613,320 won in ’20)