collaboration agreement   
this agreement, made and entered into on this first day of november, 2001, beyond between licensor, a corporation organized and existing under the laws of , having its main office and place of business ( ) (hereinafter referred to as “licensor”) and licensee.a corporation organized and existing under the laws of the , having its main office and place of business at ( )(hereinafter referred to as “licensee).
whereas, licensor develops high performance storage systems and has developed a technology based on a thin film of polyester as a storage medium;
whereas, licensee and licensor want to develop security storage products on the basis of licensors technology and licensees software (hereinafter referred to as the
licensed products);  
whereas licensor has the capability to produce important parts needed in such security storage products;
whereas licensee has the capability to produce other important parts for such storage products, such as software;
whereas, licensor has the right to grant a license to use licensor technology in connection with the development and sale of the licensed products;
whereas, licensee desires to obtain, and licensor is willing to grant, the right and license to assemble and sell the licensed products in korea utilizing technical information furnished by licensor;
whereas, licensor and licensee already from the day of this agreement intend to work as if a joint venture already was established and therefore will share the profit from exploiting the korean market equally;
now, therefore, in consideration of premises and covenants hereinafter set forth, the parties hereto agree as follows,
article 1.definitions
as used in this agreement, the following terms have the following meanings respectively;
1.1 territory means the territory subject to the government of the republic of korea.
1.2 effective date is the date from which this agreement comes into effect which will be the date when this agreement is signed by both parties.
1.3 license period is the period stated in article 10.1
1.4 licensed products means the security storage systems developed jointly by the parties.
1.5 licensor technology means the intellectual property licensed under article 2.
1.6 technical information means all the present and future technical knowledge, know-how, standard calculations, data and information developed or otherwise generally used by licensor pertaining to licensor technology.
1.7 new intellectual property means intellectual property developed under the framework of this agreement after effective date.
article 2.grant of license
2.1 licensor hereby grants to licensee a sole and exclusive right to utilize the patents and patent applications owned by licensor listed in appendix a.licensor may not sell or distribute the licensed products in territory directly or indirectly.licensor may not sell its parts to any party other than licensee, except for the manufacturing of products to be sold outside territory.
2.2 the right given in 2.1.shall be limited to products developed jointly between licensor and licensee.
2.3 the right given in 2.1.shall further be limited to products sold and used in territory.however, the parties may decide to exploit other territories by means of the joint venture.
2.4 licensee shall have the license recorded in the korean patent office against the patent register.the cost of recordal shall be borne by licensee.
2.5 licensee may not grant any sub-license of the rights granted to it under this article without the prior written approval of licensor.
2.6 this agreement does not change or modify the ownership of patents and technical information as may exist at the time of signing this agreement.
2.7 the parties shall provide each other with a list of patents which they own at the beginning of the agreement and which shall be used in carrying out the project.the lists, one from each party, shall become part of this agreement as appendix
a.
2.8 each party warrants that the patents listed in appendix a is the property of each party, respectively, and that it has the right to license it for the purpose of this agreement.   (이하 생략)