ECDISon R.O.K. Navy P154(AOE-II) Contract Navigation Technology Solution for Hyundai Heavy Industries

EX-10.29 13 ex10-29.htm

ECDIS on R.O.K. Navy P154(AOE-II) Contract
Navigation Technology Solution for Hyundai Heavy Industries

Project: 1 Shipset of ECDIS on R.O.K. Navy P154(AOE-II)

Ordering: Hyundai Heavy Industries Co., Ltd.

Contract No. (HHI): PU1544E302

Product No.: E302

Price: 272,000,000 Won

Payment Terms

	●	30% Initial Payment

	●	70% After Installation

Installation Date: July 12^th 2016

Supply & Installation Terms

	●	Technical Support and Training

	●	Test Drive & Commissioning

	●	The installation date can be changed per The Ordering’s demand

	●	The Contract is in full effect when there is no refusal for 30 days after being issued

Hyundai Heavy Industries Co., Ltd. (“The Customer”) and e-MARINE Inc. (“The Supplier”) agree to execute all matters for [ECDIS for R.O.K. Navy P154(AOE-II)]

April 1^st 2016