1. INTRODUCTION

In this Registration Agreement ("Agreement"), "you" and "your" refer to each customer ("Customer") and its designated agents, including your administrative contact, and "we", "us" and "our" refer collectively to Hangang Systems, Inc ("Hangang"). This Agreement explains our obligations to you, and your obligations to us in relation to Hangang service(s) you purchasing. By purchasing Hangang's service(s) you agree to establish an account with us for such services. When you use your account or permit someone else to use your account to purchase or otherwise acquire access to additional Hangang's service(s) or to modify or cancel your Hangang service(s) (even if we were not notified of such authorization), this Agreement as amended covers any such service or actions. Additionally, you agree that the administrative contact for any services provided to you (including domain name registration services) is your agent with full authority to act on your behalf with respect to such services, including (but not limited to) the authority to terminate, transfer (where transfer is permitted by the Agreement), or modify such services, or purchase additional services. Any acceptance of your application(s) or requests for our services and the performance of our services will occur at our offices in 395-70 Shindaebang-dong, Dongjak-gu Seoul, Korea.

You agree and acknowledge that Hangang is not liable or responsible in any way for any errors, omissions or any other actions by the Registry Administrator(s) arising out of or related to your application and receipt of, or failure to receive, a domain name registration. You further agree to indemnify, defend and hold harmless the Registry Administrator(s) and their directors, officers, employees, and agents from and against any and all claims, damages, liabilities, costs, and expenses (including reasonable legal fees and expenses) arising out of, or related to, your domain name registration.


2. Our Services

Hangang is an accredited registrar with ICANN under an agreement between Hangang and ICANN. Hangang will act as registrar for entities applying to register a domain name under .biz, .com, .info, .names, .net,, .org, top Level Domains ("TLD"s) and various ccTLDs. According to the terms and conditions of our agreement with ICANN, your acceptance of these terms and conditions constitutes acceptance of changes that may be made to this agreement as necessary to comply with Hangang's agreement with ICANN or any other business purpose.
All domain name registrations for .biz,.com, .info., .name, .net, .org TLDs and all ccTLDs are not effective until we have delivered the domain name registration information you provide us to the registry administrator for the Respective TLDs, as applicable, and the registry administrator(s) put into effect your domain name registration.


3. FEES, PAYMENT AND TERM OF SERVICE

As consideration for the services you purchased, you agree to pay Hangang the applicable service(s) fees set forth on our Web site at the time of your selection. Unless otherwise specified herein, each Hangang service is for a one-year initial term and renewable thereafter for successive one to ten-year terms, as set forth during the renewal process.
Any renewal of your services with us is subject to our then current terms and conditions, including, but not limited to, successful completion of any applicable authentication procedure, and payment of all applicable service fees at the time of renewal and in the case of domain name re-registration, the domain name registry's acceptance of your domain name registration. You agree that you are solely responsible for the credit card information you provide to Hangang and must promptly inform Hangang of any changes thereto (e.g., change of expiration date or account number).
Additionally, you are solely responsible for ensuring the services are renewed. Hangang shall have no liability to you or any third party in connection with the renewal as described herein, including, but not limited to, any failure or errors in renewing the services. You agree to pay all value added, sales and other taxes (other than taxes based on Hangang’s income) related to Hangang services or payments made by you hereunder.
All payments of fees for Hangang services shall be made in U.S. dollars.
Set up fees, if any, will become payable on the applicable effective date for the applicable Hangang services.


4. ACCURATE INFORMATION

You agree to: (1) provide certain true, current, complete and accurate information about you as required by the application process; and (2) maintain and update according to our modification procedures the information you provided to us when purchasing our services as needed to keep it current, complete and accurate. We rely on this information to send you important information and notices regarding your account and our services.
Your willful provision of inaccurate or unreliable information, its willful failure promptly to update information.
provided to Hangang, or its failure to respond for over fifteen calendar days to inquiries by Hangang concerning the accuracy of contact details associated with Your registration shall be a basis for cancellation of the Registered Name registration.
(1) any name that has inaccurate information is placed on Hold and can't be used as long as it has bad information; and (2) if you want to reactivate, you confirm that the information is accurate before reactivating the name.


5. DISCLAIMER OF WARRANTIES

YOU AGREE THAT YOUR USE OF OUR SERVICE(S) IS SOLELY AT YOUR OWN RISK.
YOU AGREE THAT ALL OF SUCH SERVICES ARE PROVIDED ON AN "AS IS," AND "AS AVAILABLE" BASIS, EXCEPT AS OTHERWISE NOTED IN THIS AGREEMENT.
WE EXPRESSLY DISCLAIM ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT.
HANGANG DOES NOT MAKE ANY WARRANTY THAT SERVICE(S) LICENSED HEREUNDER WILL MEET YOUR REQUIREMENTS, OR THAT THE SERVICE(S) WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR FREE; NOR DO WE OR OUR LICENSORS MAKE ANY WARRANTY AS TO THE RESULTS THAT MAY BE OBTAINED FROM THE USE OF THE SERVICE(S) OR AS TO THE ACCURACY OR RELIABILITY OF ANY INFORMATION OBTAINED THROUGH OUR SERVICES. YOU UNDERSTAND AND AGREE THAT ANY MATERIAL AND/OR DATA DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE USE OF OUR SERVICES IS DONE AT YOUR OWN DISCRETION AND RISK AND THAT YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR LOSS OF DATA THAT RESULTS FROM THE DOWNLOAD OF SUCH MATERIAL AND/OR DATA. WE MAKE NO WARRANTY REGARDING ANY GOODS OR SERVICES PURCHASED OR OBTAINED THROUGH ANY OF OUR SERVICES OR ANY TRANSACTIONS ENTERED INTO THROUGH SUCH SERVICES. NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED BY YOU FROM US OR THROUGH OUR SERVICES SHALL CREATE ANY WARRANTY NOT EXPRESSLY MADE HEREIN, YOU MAY NOT RELY ON ANY SUCH INFORMATION OR ADVICE.
TO THE EXTENT JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES,
SOME OF THE ABOVE EXCLUSIONS MAY NOT APPLY TO YOU. WE ARE NOT RESPONSIBLE FOR AND SHALL HAVE NO LIABILITY WITH RESPECT TO ANY PRODUCTS AND/OR SERVICES PURCHASED BY YOU FROM A THIRD PARTY.


6. INDEMNITY

You agree to release, indemnify, defend and hold harmless Hangang, and any of our contractors, agents, employees, officers, directors, shareholders, affiliates and assigns from all liabilities, claims, damages, costs and expenses, including reasonable attorneys' fees and expenses, of third parties relating to or arising out of (a) this Agreement or the breach of your warranties, representations and obligations under this Agreement,
(b) the Hangang services or your use of such services, including without limitation infringement or dilution by you, or someone else using our service(s) from your computer,
(c) any intellectual property or other proprietary right of any person or entity,
(d) a violation of any of our operating rules or policies relating to the service(s) provided,
(e) any information or data you supplied to Hangang, including, without limitation, any misrepresentation in your application, if applicable,
(f) the inclusion of meta-tags or other elements in any website created for you or by you via the Hangang services, or
(g) any information, material, or services available on your licensed Hangang Web Site .
When we are threatened with suit or sued by a third party, we may seek written assurances from you concerning your promise to indemnify us; your failure to provide those assurances may be considered by us to be a material breach of this Agreement.
We shall have the right to participate in any defense by you of a third-party claim related to your use of any of the Hangang services, with counsel of our choice at our own expense.
We shall reasonably cooperate in the defense at your request and expense.
You shall have sole responsibility to defend us against any claim, but you must receive our prior written consent regarding any related settlement.
The terms of this paragraph will survive any termination or cancellation of this Agreement.


7. TERMINATION

We may terminate this Agreement or any part of the Hangang services at any time in the event you breach any obligation hereunder, fail to respond within ten (10) calendar days to an inquiry from us concerning the accuracy or completeness of the information referred to in Section 4 of this Agreement.


8. REPRESENTATIONS AND WARRANTIES

You agree and warrant that:
(i) neither your registration nor use of the any of the Hangang's services nor the manner in which you intend to use such Hangang services will directly or indirectly infringe the legal rights of a third party,
(ii) you have all requisite power and authority to execute this Agreement and to perform your obligations hereunder,
(iii) you have selected the necessary security option(s) for your domain name registration record,
(iv) you are of legal age to enter into this Agreement; and
(vi) you agree to comply with all applicable laws and regulations.


9. MODIFICATIONS TO AGREEMENT

Except as otherwise provided in this Agreement, you agree, during the term of this Agreement, that we may:
(1) revise the terms and conditions of this Agreement; and/or
(2) change part of the services provided under this Agreement at any time.
Any such revision or change will be binding and effective 30 days after posting of the revised Agreement or change to the service(s) on Hangang's Web sites, or upon notification to you by e-mail.
You agree to periodically review our Web sites, including the current version of this Agreement available on our Web sites, to be aware of any such revisions.
If you do not agree with any revision to the Agreement, you may terminate this Agreement at any time by providing us with notice. Notice of your termination will be effective on receipt and processing by us. Any fees paid by you if you terminate your Agreement with us are nonrefundable, except as noted in one or more of Schedules A through P, but you will not incur any additional fees. By continuing to use Hangang services after any revision to this Agreement or change in service(s), you agree to abide by and be bound by any such revisions or changes. We are not bound by nor should you rely on any representation by
(i) any agent, representative or employee of any third party that you may use to apply for our services; or in
(ii) information posted on our Web site of a general informational nature.
No employee, contractor, agent or representative of Hangang is authorized to alter or amend the terms and conditions of this Agreement.


10. CHANGE IN REGISTRAR

Hangang policy permits Registrant to change its Registrar for an existing domain name. You agree that you can change the Registrar only in accordance with the policy or other policy from time to time provided by ICANN. The policy provides that:
(1) Each change of Registrar requires you to enter into a new one year Registration Agreement and to pay the appropriate registration fee
(2) You obtain no refund of any part of the fee paid to the existing Registrar.


11. ACCOUNT ACCESS

To access or use the Hangang services or to modify your account, you may be required to establish an account and obtain a login name, account number and password.
You authorize us to process any and all account transactions initiated through the use of your login name, account number and password.
You are solely responsible for maintaining the confidentiality of your login name, account number or password. You must immediately notify us of any unauthorized use of your login name account number or password and you are responsible for any unauthorized activities, charges and/or liabilities made on or through your login name account number or password.
In no event will we be liable for the unauthorized use or misuse of your login name, account number or password or security authentication option.


12. NOTICES AND ANNOUNCEMENTS

You authorize us to notify you as our customer of information that we deem is of potential interest to you. Notices and announcements may include commercial e-mails and other notices describing changes, upgrades, new products and services or other information pertaining to Internet security or to enhance your identity on the Internet and/or other relevant matters.
All notices must be sent either in writing (or by e-mail, but only to the extent expressly provided herein). All notices to you shall be delivered to your mailing address or e-mail address as provided in your account information (as updated by you pursuant to this Agreement).
Either of us may change our respective address by written notice delivered to the other party.


13. SEVERABILITY

You agree that the terms of this Agreement are severable.
If any term or provision is declared invalid or unenforceable, in whole or in part, that term or provision will not affect the remainder of this Agreement;
this Agreement will be deemed amended to the extent necessary to make this Agreement enforceable, valid and, to the maximum extent possible consistent with applicable law, consistent with the original intentions of the parties;
and the remaining terms and provisions will remain in full force and effect.


14. ENTIRE AGREEMENT

You agree that this Agreement, the rules and policies incorporated by reference in this Agreement (including, without limitation, the dispute policy and the privacy statement) are the entire, complete and exclusive agreement between you and us regarding our services and supersede
all prior agreements and understandings, whether written or oral, or whether established by custom, practice, policy or precedent, with respect to the subject matter of this Agreement, including, without limitation, any purchase order provided by you for the Services.


15. ASSIGNMENT

Except as otherwise set forth herein, your rights under this Agreement are not assignable or transferable. Any attempt by your creditors to obtain an interest in your rights under this Agreement, whether by attachment, levy, garnishment or otherwise, renders this Agreement voidable at our option.


16. GOVERNING LAW

You and Hangang agree that any disputes related to the services shall be governed in all respects by and construed in accordance with the laws of the Korea.
For the adjudication of disputes concerning or arising from use of the Registered Name, the Registered Name Holder shall submit, without prejudice to other potentially applicable jurisdictions, to the jurisdiction of the courts (1) of the Registered Name Holder's domicile and (2) Korea, where Registrar is located.


17. AGREEMENT TO BE BOUND

By applying for a Hangang service(s) through our online application process or otherwise, or by using the service(s) provided by Hangang under this Agreement, you acknowledge that you have read and agree to be bound by all terms and conditions of this Agreement and documents incorporated by reference.


18. INDEPENDENT PARTIES

Neither party nor their employees, consultants, contractors or agents are agents, employees or joint ventures of the other party, and they do not have any authority to bind the other party by contract or otherwise to any obligation. Each party shall ensure that the foregoing persons shall not represent to the contrary, either expressly, implicitly, by appearance or otherwise.
You shall agree that its registration of the Registered Name shall be subject to suspension, cancellation, or transfer pursuant to any ICANN adopted specification or policy, or pursuant to Hangang or registry procedure not inconsistent with an ICANN adopted specification or policy, (1) to correct mistakes by Hangang or the Registry Operator in registering the name or (2) for the resolution of disputes concerning the Registered Name.


19. WAIVER

No waiver of any provision of this Agreement shall be effective unless it is in writing and signed by an authorized representative of Hangang.
The remedies of Hangang under this Agreement shall be cumulative and not alternative, and the election of one remedy for a breach shall not preclude pursuit of other remedies.
The failure of a party, at any time or from time to time, to require performance of any obligations of the other party hereunder shall not affect its right to enforce any provision of this Agreement at a subsequent time, and the waiver of any rights arising out of any breach shall not be construed as a waiver of any rights arising out of any prior or subsequent breach.


20. FORCE MAJEURE

Neither party shall be deemed in default hereunder, nor shall it hold the other party responsible for, any cessation, interruption or delay in the performance of its obligations hereunder due to earthquake, flood, fire, storm, natural disaster, act of God, war, terrorism, armed conflict, labor strike, lockout, or boycott, provided that the party relying upon this section
(i) shall have given the other party written notice thereof promptly and, in any event, within five (5) days of discovery thereof and
(ii) shall take all steps reasonably necessary under the circumstances to mitigate the effects of the force majeure event upon
which such notice is based; provided further, that in the event a force majeure event described in this Section extends for a period in excess of thirty (30) days in the aggregate, Hangang may immediately terminate this Agreement.