Article 1. Definitions

1. “Exhibitor” means any company, organization, or individual that submits an application to participate in the Exhibition.
2. “Exhibition” means the 13th Busan International Machinery Fair (BUTECH 2027).
3. “Organizer” means Korea Industrial Marketing Institute Co., Ltd.

Article 2. Application for Participation

1. Application to participate in the exhibition event as exhibitor shall be submitted in the prescribed registration form to the Organizer.
2. Exhibitor shall pay initial 50% of participation fee as exhibition contract deposit to establish exhibition contract. However, in case organizer has oversold exhibition spaces or in case organizer decides that a particular applicant's item to be exhibited is not suitable for the event, organizer may refuse registration. Also, organizer, within 15 days from date of applicant's registration, may cancel the registration and refund contract deposit already paid-in.

Article 3. Allocation of Exhibition Space

1. Organizer shall have the authority to allocate exhibition spaces between participating exhibitors, according to the order of applications or by discretion. Exhibitor has no right to intervene.
2. Organizer shall have the right to change the position and size of exhibition space allocated to a particular exhibitor by mutual discussion at any time prior to commencement of exhibition build-up period. The exhibitor, unless there is an unavoidable cause to remain at the original allocated space, agrees to cooperate with organizer's change requests.

Article 4. Exhibition Hall Management

1. Exhibitor shall manage its exhibition booth in the way to provide the best exhibition service, by exhibiting proper exhibit items designated on its participation registration and staffing the space with permanently stationed personnel.
2. In case exhibitor exhibits items un-identical with those designated on registration application, or not suitable for the exhibition event, organizer may immediately order to stop, remove and take out the items from the venue. In this case organizer will not refund participation fee and exhibitor shall have no right to claim for compensation for damages.
3. If necessary, organizer may limit a particular person's access to the exhibition venue. Exhibitor shall not transfer, resale to a third party or exchange, all or part of the exhibition spaces allocated with other exhibitors, without written consent from organizer in advance.
4. Exhibitor shall not affect alteration of the original state of the exhibition venue by painting, nailing etc. on floor, ceiling, pillar and wall etc. and shall compensate properly for damages to exhibition venues pursuant to restoration request by organizer.
5. Organizer may selectively limit particular exhibit items or prohibit act of exhibiting for the purpose of maintenance of orderly and safe management and prevention of behaviors susceptible to social criticism in the venue.

Article 5. Payment Terms

1. Exhibitor shall pay in 50% of registration fee as exhibition contract deposit within 3 days from date of application. The remaining 50% shall be paid by March 31, 2027.
2. In case exhibitor fails to pay the second payment within due date, organizer may terminate the exhibition contract. In this case exhibitor shall have no right to claim refund the participation fee already paid.
3. In case exhibitor defaults in payment of various costs such as participation fee, technical assistance, organizer may create lien on the defaulting exhibitor's exhibit items until fully paid. All lien-related expenses shall be borne by the defaulting exhibitor.

Article 6. Cancellation or Changes by the Exhibitor

1. In case exhibitor cancels all or part of the exhibition spaces contracted, exhibitor shall immediately inform to the organizer in writing.
2. In the event that exhibitor fails to use all or part of any space after participation registration and submission of exhibition contract, the following penalty will be put upon the exhibitor to be paid within 15 days of cancellation to the organizer. Participation fees already paid shall be taken for the penalty. Should that amount not be sufficient, the difference must be paid and any excess amount shall be returned.
- If the exhibitor cancels application of whole space by January 31, 2027 Organizer charges the penalty equivalent to 50% of participation fees (booth occupation), and 30% in case of reduction of exhibition spaces (no V.A.T).
- In case that exhibitor cancels application between February 1, 2027 and April 30, 2027 organizer charges the penalty equivalent to 80% of participation fees (booth occupation), and 50% in case of reduction of exhibition spaces (no V.A.T).
- If exhibitor cancels the application after May 1, 2027, organizer charges the penalty equivalent to 100% of participation fees (booth occupation), and 100% in case of reduction of exhibition spaces (no V.A.T).
3. Any refunded amount will not bear interest.

Article 7. Cancellation or Changes to the Exhibition

In case organizer cancels exhibition event, any and all participation fee already paid shall be refunded. However, the organizers may carry the deposit paid in over to the next exhibition event to the extent that such situation occurred by force majeure or due to any circumstances not within organizer's control. In this case, exhibitor has no right to claim compensation to organizer as a result of the carry over.

Article 8. Booth Setup and Display of Exhibits

Exhibitor shall complete booth Installation, display of exhibit items by the date stipulated by organizer.

Article 9. Removal of Exhibits and Booth Structures

1. The Exhibitor must strictly observe the designated move-out schedule and remove all exhibits and booth structures within the specified period. If removal is delayed, the Exhibitor must reimburse the Host for all costs incurred as a result.
2. The Exhibitor may not remove exhibits or vacate its booth during the Exhibition.

Article 10. Security, Liability, and Insurance

1. Organizer shall arrange proper guards stationed in the venue for the interest of security for exhibitors and guests.
2. Exhibitor shall be held fully responsible for any damage incurred to organizer or other parties due to any fire, theft, loss or other accident which exhibitor has caused by intention or negligence. Exhibitors are also required to subscribe to all risks insurance policy on all exhibits etc.
3. If the Exhibitor intentionally or negligently causes a fire, theft, damage, or any other accident resulting in loss or damage to the Organizer or any third party, the Exhibitor will be fully liable for compensation. The Exhibitor is also responsible for arranging insurance coverage for its exhibits and other property.

Article 11. Fire Safety Regulations

1. Materials used and installed in displayed structures shall be properly fire-proofed in accordance with the regulations of Korea.
2. The organizers have the right, should circumstances necessitate, make changes in the exhibitor's booth in the interest of fire control.

Article 12. Supplementary Regulations

If necessary, the organizer shall have the right to issue supplementary regulations in addition to those in the exhibition contract.

Article 13. Dispute Resolution

Any dispute concerning the rights and obligations of either party arising from the interpretation of these Terms and Conditions shall be resolved by arbitration administered by the Korean Commercial Arbitration Board.