A. The Plaintiff is a company established for the purpose of license development, manufacture and sale, etc., and the Defendant is a company established for the purpose of remote measurement and control system manufacture, sale, export and import, etc.

B. On August 1, 2014, the Plaintiff and the Defendant concluded an agreement on the business partnership of the Plaintiff with respect to the malodor measuring instruments (hereinafter “instant business agreement”).

The terms of the above Convention are as follows:

Article 1. The objective of this Understanding is to guarantee the business rights of the malodor measuring company of the Dispute Resolution Co., Ltd. with respect to the malodor measuring company of the Dispute Resolution Co., Ltd. through the strategic alliance between the two companies, and to actively operate the malodor measuring company of the Dispute Resolution Co., Ltd.

Article 2. The mutual trust companies shall cooperate in consideration of the benefits of the other party in order to receive orders and conduct the business of Ulsan and C affiliates.

Article 3 Implementation of Agreement

1. The Parties shall faithfully implement the contents of this MOU on the basis of the good faith principle.

2. All matters acquired in the course of cooperation between the two companies shall not be leaked to the outside without prior consultation between the two companies, and shall not be used for any other purpose than the Ulsan Metropolitan Area for a malodor measuring machine and C business.

All liabilities arising from a violation shall be borne by the party who has committed the violation.

Article 4 Other Matters

1. This Understanding of Understanding shall be based on the premise that it shall be entrusted to the Dispute Resolution Co., Ltd. with the order of the malodor measuring machine of D Company.

2.With respect to matters not mentioned in this Understanding, a separate consultation shall be held between the two companies.

3.The validity of this memorandum of Understanding shall be the first two years, and shall be automatically extended one year unless modified under the agreement of the two doctors.

C. On April 8, 2015, the Defendant issued an order to the Plaintiff by designating two malodor measuring instruments related to the construction of the E malodor monitoring system (hereinafter “instant malodor measuring instruments”) as KRW 15 million per unit (excluding value-added tax), the delivery period within six weeks after the ordering, and the delivery place as the designated place in E.

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