AGENCY AGREEMENT

This Agreement (the Agreement) is made this [first day of June 1996], by and between X Inc. (Agent), a corporation duly incorporated under the laws of the Republic of Korea with its principal place of business at 159 Samsungdong, Kangnam-ku, Seoul, Korea and [Y Co.,Ltd.](Company), a corporation duly incorporated under the laws of [the state of New York, United States of America] with its principal place of business at [140, 51st West, New York, N.Y.,U.S.A].

AGENCY AGREEMENT