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1. The Defendant shall pay the Plaintiff KRW 100,000,000 and the interest rate of KRW 15% per annum from February 2, 2016 to the day of complete payment.
Reasons
1. Basic facts
A. The Defendant is a stock company established on January 22, 2010 for the purpose of manufacturing and selling visual and sound equipment, and the business of developing optical semesters (hereinafter “Defendant Company”).
The Plaintiff is a person who served as an inside director of the Defendant Company from September 25, 2014, and C is a person who served as an inside director of the Defendant Company from January 22, 2010 to March 31, 2013 and is serving as a inside director of the Defendant Company from September 25, 2014 to September 25, 2014.
The plaintiff and C shall enter into a partnership agreement in the joint management of the defendant company as follows:
Article 1 (Investment and Equity Shares) The Plaintiff shall invest KRW 100 million in the Defendant Company (including KRW 50 million until May 2, 2014, KRW 50 million until June 16, 2014), and hold 20% of the shares of the Defendant Company.
Article 2 (Status) The plaintiff has the status of a registered director of the defendant company after completion of the investment.
In addition, the term of office shall be guaranteed as a registration director for five years, and it shall be automatically extended unless there is a serious reason for the plaintiff.
Article 3 (Duties in Charge) The duties shall be determined under mutual agreement as to the management status and needs of the defendant company.
Article 5 (Prohibition of Concurrent Operation) The plaintiff and C shall not concurrently engage in business without the consent of the other party, and shall compensate for damages suffered by the other party and shall not receive any dividend prescribed in paragraph (4).
Article 6 (Good Faith) C and the Defendant Company relating to information and communications technology - The overall area of prohibition of concurrent operation of information and communications technology - relating to electronic species, micro-organism - relating to micro-organism - Article 6 (Good Faith) C and the Defendant Company shall guarantee the Plaintiff the term of office for five years, and shall automatically extend the term after the termination of the contract within five years, unless there is any serious cause attributable to C. 3) where the contract is terminated or the
Article 7 (Termination of Contracts) C may dismiss a plaintiff for a period of one month, if the plaintiff violates his/her obligations under paragraph (5).