English Summary - Electronic Chart display & Information System (ECDIS) Maintenance Contract, dated September 4, 2018, by and between R.O.K. Navy Logistic Command and e-Marine Co., Ltd

EX-10.35 7 ex10-35.htm

Maintenance Project Contract (Translation)

 

Contract Between

Customer

Reg. No. 609-83-00455 Contract Manager Taeho Shim

Name

R.O.K. Navy Logistic Command

Project Manager

Dong-Jun Lee
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   Account No.   Account Owner  

 Contract Details

Contract Name Electronic Chart Display & Information System(ECDIS) Maintenance

Contract Amount

(Advance

General 328,000,000 Won      
Treasury Bonds None        
Total 328,000,000 Won      
Contract Amount (Total) 1,569,000,000 Won      
Contract Warranty 156,900,000 Won      
Deliquency Rate 0.13%        
Price Fluctuation Contract Accodring to Article 64 (1) Item 1 Adjustment rate
Contract Period 2018.09.04 - 2020.02.29
Project Period 2018.09.04 - 2020.02.29
Delivery Place Respective Unit Stamp Tax 350,000 Won
Other Matters

Long-term partial payments (328,000,000 won in ’18, 996,229,950 won in ’19,244,770,050 won in ’20)