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Arbitration Clause

KCAB INTERNATIONAL ARBITRATION RULES

Model Clause for Future Disputes

Any disputes arising out of or in connection with this contract shall be finally settled by arbitration in accordance with the International Arbitration Rules of the Korean Commercial Arbitration Board.

The number of arbitrators shall be [one / three]
The seat, or legal place, of arbitral proceedings shall be [Seoul / South Korea]
The language to be used in the arbitral proceedings shall be [language]

Model Agreement for Existing Disputes

We, the undersigned parties, hereby agree that the following dispute shall be referred to and finally determined by arbitration
in accordance with the KCAB International Arbitration Rules :

[brief description of the dispute]
The number of arbitrators shall be [one / three]
The seat, or legal place, of arbitral proceedings shall be [city / country]
The language to be used in the arbitral proceedings shall be [language]

KCAB DOMESTIC ARBITRATION RULES

Model Clause for Future Disputes

Any disputes arising out of or in connection with this contract shall be finally settled by arbitration in Seoul in accordance with
the Domestic Arbitration Rules of the Korean Commercial Arbitration Board.

Model Agreement for Existing Disputes

We, the undersigned parties, hereby agree that the following dispute shall be referred to and finally determined by arbitration
in accordance with the KCAB Domestic Arbitration Rules :

[brief description of the dispute]