This Agreement has been duly authorized by Licensor and, when executed and delivered by theParties, will constitute a valid and legally binding
agreement of Licensor, enforceable in accordance with its terms,
subject, as to enforceability, to bankruptcy, insolvency, reorganization and
similar laws of general applicability relating to or affecting creditors’
rights and to general equity principles. This Agreement is in proper
legal form to be enforceable against Licensor in accordance with its terms in Korea
and to ensure the legality, validity, enforceability or admissibility intoevidence in Korea of this Agreement.