Terms and Conditions of Use of Shopping Services of Gmarket

Article 1 (Purpose)

The purpose of these Terms and Conditions of Use of Shopping Services of Gmarket (the “T&C”) is to set forth the rights, obligations and
responsibilities of the parties using the ecommerce-related services and other services (collectively “Services”) provided by eBay Korea Co., Ltd. (the “Company”) through the “Gmarket” internet site (www.gmarket.co.kr) (“Gmarket”) operated by the Company, and to promote mutual development
through exercising and performing their rights and obligations pursuant to the T&C.

Article 2 (Disclosure, Validity and Amendment of the T&C)

1. The Company will disclose the T&C on the initial landing page of Gmarket to help Members to check the T&C, together with the name, place of
business, the name of representative(s), business registration number and contact numbers (telephone and facsimile numbers, email address, etc.) of the Company.

2. The Company may amend the T&C to the extent permitted by the Regulation of Standardized Contracts Act, the Framework Act on e-Commerce, the Digital Signature Act, the Act concerning Promotion of Utilization of Information and Communications Networks and Protection of Information, etc., the
Protection of Consumers in e-commerce and Other Transactions Act (“e-Commerce Act”), and the Electronic Financial Transactions Act, and any other applicable laws.

3. If any terms of the T&C are amended by the Company, all amended terms shall be effective 14 days after they are initially posted on the initial
landing page of Gmarket, together with the then current T&C, the effective date of and the reasons for the amendment, all of which will be posted for a
14-day period until the date immediately preceding the effective date.

Article 3 (Definitions)

1. Capitalized terms used herein shall have the following meaning:

1) “Member” means a natural or juridical person that has provided personal information to registered with Gmarket as a member, as classified as
follows:
    i) General Member (Buyer): an individual of 14 full years old or older, or a company, each entitled to use shopping services provided by the Company
    ii) Selling Member (Seller): an individual of 14 full years old or older, or a company, each entitled to use shopping services and selling services
        provided by the Company
2) “Member ID” means a combination of letters and numbers chosen by a Member, approved by and registered with the Company, for purposes of
identification and use of the Services.
3) “Password” means a combination of letters and numbers chosen and registered with the Company by a Member, to verify the Member’s identity and protect the Member’s rights, interests and confidential information.
4) “Operator” means the person appointed by the Company to be responsible for overall management and smooth operation of the Services provided by the Company.
5) “Escrow Service” means the service of placing the purchase price for the product in escrow for certain period of time to protect the purchaser’s
payment.
6) “Safe Trade Center” means an organization to mediate any and all issues and problems that may arise in relation to the safety of transactions while using the Services of the Company.
7) “Dispute Mediation Center” means an organization formed and operated by the Company for the reasonable and smooth mediation of disputes in
exceptional cases only, whereas, as a general rule, any dispute arising from a transaction through the Company should be resolved by the Seller and
the Buyer themselves.
8) “Business Partner Points” means various reward points provided by a third party that is a business partner of the Company.

2. Any terms not defined in Section 2.1 above shall have the meanings ascribed in the general commercial practices.

Article 4 (Types of the Services)

1. The Company will provide the following Services:

1) Services relating to the development and operation of an e-commerce platform:

    i) Sales-related support;
    ii) Purchase-related support;
    iii) Contract execution and related services;
    iv) Product information search services; and
    v) Other e-commerce related services; and

2) Services for the execution of advertisement and promotion

2. The purposes of the above Services provided by the Company are to allow Members’ use of cybermalls, and to intermediate mail-order sales, in
relation to their transactions of goods and services. The Company shall not take any responsibility in relation to any product registered with Gmarket by any Selling Member (Seller).

Article 5 (No Agency)

The Company will be only responsible for the operation and management of a system for the efficiency of the Services and will not act as an agent of
either the Seller or the Buyer. The Members concerned shall take the sole direct responsibility for any transaction(s) entered into between the Members and information provided and registered by the Members.

Article 6 (No Guarantee)

In relation to the transactions between Sellers and Buyers through the system provided by the Company, the Company will not guarantee the existence and genuineness of the intent to sell or buy, the quality, completeness, safety, and legality of the registered items, non-infringement of third party rights, or the truthfulness or legality of the information entered by any Seller or Buyer, or data posted on the URL linked to the information entered by any Seller or Buyer. The Members concerned shall solely take any and all risks and responsibilities relating thereto.

Chapter 2. User Agreement and Data Protection

Article 7 (Formation of a Shopping Service User Agreement)

1. The Shopping Service User Agreement (the “User Agreement”) shall be formed upon the Company’s acceptance of an application for the use of
shopping services, from a person who intends to use the shopping services provided by the Company. The Company will notify its intent to accept the application by disclosure of such intent on the relevant webpage for the Services or by email or otherwise.

2. A person who intends to use the shopping services shall agree to the T&C and enter necessary information including but not limited to information
for identification, in the form application for membership as provided by the Company.

1) In the case of a Member who is a natural person, the following information must be entered:

i) Your ID, Password, Password for your G-account, name, resident registration number, email address, contact numbers, and whether or not you
consent to the provision of your personal information to third-party business partners and third-party personal information processing service providers

2) In the case of a Member that is a juridical person, the following information must be entered:

i) Your ID, Password, Password for your G-account, trade name, business registration number, email address, contact numbers, and whether or not
you consent to the provision of your personal information to third-party business partners and third-party personal information processing service
providers

3. A person of 14 full years old or older or a business operator (whether a natural or juridical person) is eligible to the membership to the Services. An applicant shall apply for the membership in his/her/its real name. If any one applies for the membership in a name other than his/her/its real name or by misappropriating another’s information, such applicant may be restricted from using the Services or penalized pursuant to applicable laws and
regulations.

4. Applications will be handled on the first-come-first-served basis, and admission to the membership will become effective at the time when the
acceptance by the Company is received by the Member.

5. The Company may withhold or refuse its acceptance of an application in any of the following cases:

1) if in the Company’s real-name verification process, it is found that the application is not made in real name;
2) if the name and resident (or business) registration number in the application are the same as those of an existing Member;
3) if reapplied within two (2) months from the Company’s termination of the User Agreement;
4) if reapplied by a Member that is subject to the membership suspension or other action by the Company, during the suspension or other applicable
period;
5) if the facilities/equipment cannot afford or if there is technical difficulty; and
6) if the application is found to be unlawful, unfair or in violation of the T&C, or if it is deemed necessary to do so in the Company’s reasonable
judgment.

Article 8 (Change and Protection of Personal Information)

1. A Member may not provide false information when applying for the membership, and in the event of any change in the information provided when
applying for the membership, the Member must immediately update the information. As a general rule, a Member’s name, ID and resident registration
number and the like may not be changed, unless permitted by applicable laws and regulations.

2. Any damages arising out of the failure to update information must be borne solely by the relevant Member, and the Company shall not be held liable for any such damages.

3. The Company will not use any information provided by the Member for the execution of a User Agreement, for a purpose other than its operation of
the Services, nor disclose such information to a third party without the Member’s consent, except where:

1) such use or disclosure is permitted by applicable laws and regulations;
2) such minimum information of the Member as necessary to carry out the delivery of goods/services is disclosed; or
3) consent from the relevant Member has been obtained pursuant to another standard terms and conditions and policies of the Company.

4. To protect Member’s personal information, the Company will establish the privacy policy, designate a privacy officer of the Company and disclose
and operate the privacy policy.

Article 9 (Control over ID and Passwords)

1. Each Member shall be responsible for the control over his/her/its ID and Password, and may in no event assign or lend any of them to a third party.

2. Each Member shall take the responsibility for any and all damages and losses arising out of the leak, assignment or lending of a Member’s ID or
Password, that occurs due to a cause that is not attributable to the Company.

3. If a Member becomes aware of the theft, or unauthorized use by a third party, of his/her/its ID or Password, the Member shall immediately notify the
Company thereof and the Company shall exert its best efforts to handle the situation promptly.

Article 10 (Termination of the User Agreement)

1. Termination by members:

1) A Member may terminate the User Agreement at any time by notifying the Company of the Member’s intent to terminate it; provided that the Member
has taken necessary actions to consummate any and all transactions at least seven (7) days prior to the date of the termination notice.
2) A Member shall be solely responsible for any consequences arising out of a termination notice sent within the said period, and upon termination of
the User Agreement, the Company may withdraw all benefits additionally granted to the Member by the Company.
3) If a Member who has terminated the User Agreement intends to use the Services later again, the Member’s use of the Services will not be permitted unless the Member notifies the Company of his/her/its new intent to use the Services and the Company accepts the offer.

2. Termination by the Company:

1) The Company may terminate the User Agreement in the event of occurrence or finding of the following:
i) violation of, infringement upon or damage to the rights, reputation, credit or any other interest of any other Member or breach of Korean
laws/regulations or public order and good morals;
ii) obstruction of or any try to impede the proper processing of the Services provided by the Company;
iii) finding that there is a reason for refusal under Section 7.5 hereof; or
d) circumstances in which the Company finds it necessary, in its reasonable judgment, to refuse the provision of the Services.
2) If the Company terminates the User Agreement with a Member, the Company will notify the Member of its intent of termination by disclosing the
reason(s) for termination by e-mail, by phone or otherwise. The User Agreement shall be terminated at the time when the Company notifies the
Member of its intent of termination.
3) Even if the Company terminates the User Agreement, these T&C shall continue to apply with respect to the consummation of a sale and purchase
contract entered into on or before the termination.
4) When the User Agreement is terminated pursuant to this Article, the Company may withdraw all benefits additionally granted to the Member by the
Company.
5) If the User Agreement is terminated pursuant to this Section, the Company may refuse to accept the Members’ re-application.

Article 11 (Term and Suspension of Provision of the Services)

1. The term of the provision of the Services will begin from the date on which use of the Services are applied for, and ends on the date of termination of the User Agreement.
2. The Company may suspend its provision of the Services temporarily upon the occurrence of a justifiable event, including without limitation, the
maintenance, repair, examination, replacement of information and communications facilities (such as computers), or if such facilities are out of order; provided that the fact and reasons for temporary suspension of the Services shall be notified on the initial landing page of the website.
3. The Company may restrict or temporarily suspend its provision of the Services if it is unable to provide the Services due to an act of God or a force
majeure event equivalent thereto.

Article 12 (Service Usage Fees)

The Company may provide various services needed for the freedom of e-commerce between the Members and charge certain fees therefor (i.e.,
service usage fees) pursuant to its internal policies.

Chapter 3. Use of Shopping Services of Gmarket

Article 13 (Execution of Contracts and Payment of Purchase Prices)

1. A sale and purchase contract will be executed by a Member offering to purchase a given item on the terms and conditions of sales suggested by a
Seller and by the Seller’s acceptance of the Buyer’s offer.

2. The Company will provide methods for payment of the purchase price in cash, by credit card, or by other means.

3. The Buyer will enter information relating to the payment of the purchase price at his/her/its own responsibility, and shall solely take any and all
liabilities and disadvantages arising out of the information entered by the Buyer in relation to the payment of the purchase price.

4. The Company may cancel a transaction without the consent of any Member, if the purchase price is not paid within a certain time period after the
order is placed.

5. The Company will take measures to allow the Buyer to check the contents of the executed sale and purchase contract on the webpage of “My
Shopping Details,” and will provide guidance on how to cancel the contract and the relevant procedures.

6. The Company may check whether the Buyer is lawfully entitled to use the payment means used when paying the purchase price. The Company may suspend the transaction until the completion of confirmation of the buyer’s right to such use, or cancel the transaction if it is impossible to obtain such confirmation.

7. The amount actually paid by the Buyer shall be an amount (actual purchase price) remaining after applying to the original price (set by the Seller),
any basic usage fees, discount coupons applicable to the particular item, delivery fees, details of an option (in the case of an option item) and so on.
The proof of purchase (i.e. cash payment receipts, tax invoices, credit card sales slips, etc.) will be issued to show the amount of the actual purchase
price.

Article 14 (Delivery)

1. A delivery period shall begin on the date following the date on which receipt or settlement of payment is confirmed and end on the date of completion of delivery.

2. The Company will guide the Seller to take measures necessary for delivery within three (3) business days from the Seller’s receipt of the Company’s notice to confirm the receipt of or settlement of payment by the Buyer.

3. Public holidays, weekends and any other days during which delivery is impracticable due to a force majeure event or otherwise shall not be counted as part of a delivery period.

4. As a general rule, any dispute arising among the Seller, the Buyer, a delivery service provider, a financial institution, etc. in relation to the delivery,
shall be resolved by the relevant parties, and the Company shall in no way take any responsibility.

5. If a status update concerning delivery is delayed due to the Buyer’s failure to confirm his/her/its receipt after the Seller has properly confirmed
shipping on its part, the Company may ask the Buyer to confirm the Buyer’s receipt within two (2) weeks from the date of Seller’s confirmation of
shipping. If, thereafter, despite of the Company’s asking, the Buyer does not confirm his/her/its receipt, the status of the transaction may be automatically converted to “completion of delivery” as at the passage of three (3) days, and in such case, if the Buyer has not actually receive the product, then the
Buyer may report non-receipt.

Article 15 (Cancellation)

1. A Member may cancel an order of purchase at any time prior to the shipping of the purchased items, and if cancellation is requested during the
delivery, it will be handled pursuant to the procedures for return of purchased goods.

2. If an application for cancellation is received after a Member’s completion of payment and while waiting for shipping, the cancellation of the order will be immediately processed, absent special circumstances.

3. In the case of cancellation of an order after shipping is arranged, as a general rule, the cancellation of the order will be immediately processed. However, if the purchased items are shipped, as a general rule, the Buyer shall bear the fees for both delivery and return of the shipped items.

4. As for any refund following duly processed cancellation, payment by credit card will be cancelled immediately upon the completion of cancellation
procedures, and payment in cash will be refunded to the relevant Member’s account as a cash balance within three (3) business days.

Article 16 (Return)

1. A Member may demand a return (“Return”) of the purchased items within seven (7) days after receipt of the delivery pursuant to applicable laws and
regulations.

2. The e-Commerce Act will prevail over the terms and conditions of sales suggested by the Seller, as for general terms and conditions on the Return.

3. As a general rule, costs and expenses incurred for the Return (“Return Costs”) shall be borne by a person to whom the reason for the Return is
attributable -- e.g., in the case of simple change of Buyer’s mind, the Buyer shall bear the Return Costs, while in the case of a defect in the purchased
items, the Seller shall bear the Return Costs.

4. When applying for the Return, if the Buyer does not set out the return invoice number or accurately (or in writing) notify the Seller of the reason(s) for
the Return, the Return and refund process may be delayed.

5. As for the refund following the Return, after the returned item is received by the Seller and after the reasons for the Return and who to bear the costs and expenses for the delivery and Return Costs are confirmed, payment in cash will be refunded to the relevant Member’s account as a cash balance within three (3) business days, and the payment by credit card will be cancelled immediately.

6. In case the Buyer has to bear the Return Costs, if the additional payment of the Return Costs is not made, the refund may be delayed.

Article 17 (Exchange)

1. A Member may demand an exchange of the purchased items within seven (7) days after receipt of the delivery pursuant to applicable laws and
regulations.

2. Even if an exchange is requested, an exchange may not be possible if the Seller has no stock for the exchange, and in such case, the request will be processed as a Return.

3. Costs and expenses incurred for the exchange (e.g., costs for delivery to and from the Seller) shall be borne by the Seller in the case of defect in the purchased items, and shall be borne by the Buyer in the case of simple change of mind.

Article 18 (Refund)

1. In the case of a return or exchange due to a defect in the purchased items, the Company will have payment in cash refunded to the relevant
Member’s account as a cash balance within three (3) business days, and in the case of return or exchange due to simple change of mind, the
Company will have the payment by credit card cancelled immediately.

2. As a general rule, refund of payment by credit card can be made only by way of cancellation of such payment.

3. If a Member intends to receive refunds in cash using another account with a financial institution and withdraw funds from such account, the Member may make a fund transfer request to have the funds transferred to such separately designated account.

Article 19 (Exceptions to Return, Exchange or Refund)

In the any of the following cases, the Buyer shall not demand a Return, exchange or refund:

1) if the item is lost, destroyed or damaged due to a cause attributable to the Buyer;
2) if the value of the item has notably decreased due to use or partial consumption by the Buyer;
3) if the value of the item has notably decreased due to the passage of time so as to make its resale difficult;
4) if the packaging of a duplicable media product (e.g., software, CDs, DVDs, etc.) is damaged; or
5) if there are other reasonable grounds that preclude the Buyer’s claim for Return, refund or exchange.

Article 20 (Escrow Services)

1. In the pre-paid mail-order sales through the Company, the Company will seek safety of transactions for the Buyer by placing in escrow the payment of a purchase price from the Buyer and delivering the payment to the Seller after the completion of delivery.

2. The Company will request the Buyer to notify the Company of the receipt of the purchased items within three (3) business days from the receipt.

3. If the Buyer does not notify the Company of the receipt of the purchased items within three (3) business days from the receipt, the Company may
deem the Buyer has been received the same, and deliver the payment to the Seller.

4. As for specifics of the escrow services, the provisions of the “Terms and Conditions of e-Commerce Transactions” will apply mutatis mutandis.

Chapter 4. Use of Additional Services of Gmarket

Article 21 (G-account Services)

1. “G-account” means the cyber-use-only account services provided by the Company, which is to provide a virtual account whereby a Member may
manage cyber-money necessary for the use of for charge services of the Company, any amount that must be additionally deposited while using the
Company’s services, any refund to be made by the Company to a Buyer, accumulated mileage, and so on.

2. The G-account services will consist of cash balance services, G-cash services, mileage services, Gmarket gift certificates, and so on.

3. Among the G-account services, G-cash services and mileage services will be available to the Members only.

Article 22 (Cash Balance Services and Gmarket Gift Certificates)

As for specifics of cash balance services and Gmarket gift certificates, the provisions of the Terms and Conditions of e-Commerce Transactions” will
apply mutatis mutandis.

Article 23 (G-cash Services)

1. “G-cash” means cyber-money that a Member can use when using certain for-charge services provided by the Company.

2. The Member cannot purchase any goods with G-cash, and any balance of G-cash can be converted into a cash balance if it exceeds a certain
amount.

3. G-cash can be converted into a cash balance as set out below.
1) Under the Specialized Credit Financial Business Act, no one may purchase a G-cash charged certificate by credit card or through mobile phone
settlement and convert it into cash and withdraw the money in cash.
2) If a G-cash charged certificate is purchased by any other means (i.e., other than by credit card or through mobile phone settlement), then it can be
converted into cash.
3) For the convenience of Members, the Company will convert G-cash into a cash balance on the last day of each calendar quarter; provided that a
Member may request the Company to re-convert the cash balance back into G-cash.

4. In the case of a person who is no longer a Member, any unconvertible G-cash will, upon the passage of 15 business days from the termination of
his/her/its membership, be converted into a cash balance, which can be transferred to and then withdrawn from a bank account of such person.

Article 24 (Mileage, Book-cash Services)

1. The Company may grant certain mileage or book-cash to a Member if the Member purchases products on Gmarket, prepare product review,
confirms delivery, or converts Business Partner Points; provided that if purchase of products is cancelled or the purchased items are returned,
corresponding mileage or book-cash (as the case may be) granted by the Company at the time of purchase will be withdrawn.

2. Mileage and book-cash, if granted, will remain valid for three (3) years from the date of the grant, unless otherwise prescribed by the Company (in
which case the mileage and book-cash will remain valid for the otherwise prescribed term). Mileage and book-cash will automatically lapse upon the
expiry of the valid term; provided that any mileage granted on or prior to October 15, 2006 will remain valid for five (5) years from the date of the grant.

3. If a Member enters into no transaction for one (1) year while the Member’s accumulated mileage is less than 5,000 miles, such Member will be
deemed as inactive, and such mileage will be withdrawn by the Company.

Article 25 (G-stamp)

1. “G-stamp” means a type of coupon with which a Member can participate in the auction process proceeded with on Gmarket or in various events and the like. A Member will have only the right and authority to use G-stamp and shall in no event sell or transfer it in substance to another.

2. G-stamps shall not be used for a transaction of goods or services, unless otherwise prescribed by the Company, nor shall be converted into
G-cash, cash or anything else.

3. A Member may acquire a G-stamp in the following case:
1) if the Member purchases products for which a G-stamp is granted;
2) if the Member prepares product review after purchase;
3) if the Member prepares “premium” product review;
4) if the Member becomes a winner in an event where a G-stamp is granted;
5) if points granted by a Business Partner are converted into G-stamp(s); or
6) if otherwise granted by the Company.

4. G-stamps that are accumulated upon the purchase of products for which it is to be granted, can be used after the completion of delivery following
such purchase. If the purchased items are returned or if the purchase is cancelled, the Company will withdraw the G-stamps granted for the purchase.

5. A G-stamp, if granted, will remain valid for two (2) years from the date of issuance, unless otherwise prescribed by the Company (in which case the mileage and book-cash will remain valid for the prescribed term) and will automatically lapse upon the expiry of the valid term.

6. If a Member enters into no transaction for one (1) year, such Member will be deemed as inactive, and G-stamps accumulated for the Member will be withdrawn by the Company

Article 26 (Discount Coupon)

1. The Company or the Seller may issue discount coupons under which a Member using the shopping services may get discount at a certain rate or in a certain amount when the Member makes a purchase.

2. The Member shall use discount coupons for the Member’s own purchase only, and shall in no event sell or transfer any of them in substance to
another; provided that the Company may allow transfer of discount coupons on certain terms and conditions of transfer as prescribed by the Company, in which case the Member may transfer them on such terms and conditions only.

3. Use of discount coupons may be subject to limitations depending on the item or price of certain goods or services. No discount coupon may be used after the expiry of its valid term.

4. If the purchased items are returned or if the purchase is cancelled, after any discount coupon is used in relation to the underlying purchase, as a
general rule, a used discount coupon may be reused; provided that reuse may be impossible in certain cases prescribed by the Company’s internal
rules, such as, cancellation of a purchase due to simple change of mind, etc.

Article 27 (Zero-Margin Club Membership)

1. The “Zero-Margin Club” means shopping services based on for-charge membership, and the Company will allow a Member having the
membership to the Zero-Margin Club to purchase certain applicable products with a minimum margin left; provided that the Zero-Margin Club does not apply to all products.

2. To use the Zero-Margin Club, a separate membership thereof shall be granted. The membership of the Zero-Margin Club may be acquired either by payment of membership fees, or by conversion of mileages into the membership.

3. Upon acquisition of the membership of the Zero-Margin Club pursuant to the foregoing section, shopping subsidy will be granted to the Member and the Member will be entitled to the purchases on discount up to the shopping subsidy granted during the valid term of the membership of the
Zero-Margin Club. The amount of shopping subsidy and the valid term of the membership of the Zero-Margin Club will be determined pursuant to the
policy prescribed by the Company, and any remaining shopping subsidy will automatically lapse upon the expiry of such term.

4. Acquisition of the membership of the Zero-Margin Club may be cancelled within seven (7) days therefrom; provided that no cancellation shall be
allowed in the event that mileages are converted in the membership of the Zero-Margin Club, or if there is post-acquisition shopping history (even
before seven (7) days have passed from the acquisition).

5. Upon termination of the User Agreement, the membership of the Zero-Margin Club and any shopping subsidy shall automatically lapse.

Article 28 (International Delivery Services)

1. The Company will provide services to provide assistance in the process of international delivery of products (for which a sale and purchase contract
is entered into) through international delivery networks that are in the business partnership with the Company. The stages of international delivery will
consist of the following:
1) Domestic Delivery: up until the items purchased by a Buyer are warehoused in a distribution center of a third party that is in the business partnership with the Company; and
2) International Delivery: from the warehousing, to the delivery to the recipient through international delivery networks.

2. In the case of international delivery, a sale and purchase contract may be cancelled at any time before the delivery of the purchased items, and a
Return due to change of mind of a Buyer will be allowed only up to the stage of domestic delivery. As a general rule, no Return will be allowed once the stage of international delivery commences; provided that, as an exception, if the Company approves an exchange or a Return for a justifiable reason
(e.g., an inherent defect in the purchased item), the purchased item has completed may be returned even if its which international delivery is
completed.

3. A Buyer who intends to obtain the Company’s approval for an exchange or a Return, shall submit objective evidencing materials to the Company to
prove the reasons therefor, e.g., an inherent defect in the purchased item, and if such inherent defect is proved, the Seller shall bear all necessary costs and expenses incurred for an exchange or a Return, including without limitation delivery costs, etc.

4. If an exchange or a Return is approved by the Company, the Buyer shall contact the International Delivery Customer Center, return the purchased
item through a post office located in the relevant area, and provide evidencing documents (i.e., evidence of delivery costs, etc.) to the Company.

5. If the estimated international delivery costs paid at the time of purchase are greater than actually incurred costs, the Company shall refund the
difference to G-account in the form of a cash balance.

6. If the estimated international delivery costs paid at the time of purchase are less than actually incurred costs, delivery will be possible only if the
Buyer makes the additional payment. If the international delivery costs are not fully paid for six (6) months despite of the Company’s continuous
notification, the purchased item may vest to the Company.

7. The recipient shall bear all other costs and expenses that may incur and vary depending on the country of shipping/delivery (such as customs, taxes, etc.) in relation to the use of international delivery services.

Article 29 (Global Shopping Services)

1. The Company will provide global shopping services to deliver from abroad to Korea products that are registered by a Seller located outside Korea
and are purchased by a Buyer.

2. In the case of purchase of a direct-delivery item sold by a global Seller, a sale and purchase contract may be cancelled at any time while waiting for
delivery arrangement, and if a delivery arrangement is requested after the Seller’s receipt of the order, a sale and purchase contract shall not be
cancelled, in light of the nature of global shopping services.

3. In the case of a Return for the reason of an inherent defect in the purchased item, and the like, the Buyer shall, within three (3) days from delivery,
apply for an exchange or Return and submit supporting evidence thereof, and if it is confirmed that the Return is attributable to the Seller, all costs for
the Return and any other costs shall be borne by the Seller.

4. If a purchased item is returned due to a Buyer’s change of mind, all costs for delivery and the Return (in the case of an exchange, costs for delivery to and from the Seller) and any other costs shall be borne by the Buyer.

Article 30 (Services of Financial Information/Information on Living)

1. The Company will provide services of financial information and information on living which will allow a Seller to (i) advertise or promote the Seller’s
own insurance products, tour products, cars, and any other services on living and (ii) respond to the requests for consultation if
reservation/appointment is made with respect to certain products (for which consultation is available if a reservation/appointment is made).

2. The Company will provide just the means for exhibition for a Seller’s provision of such services, and in no event participates in any of the process for consultation, subscription, payment and the like. The Company shall not take any responsibility therefor.

3. If an applicant has himself/herself/itself provided a Seller with information necessary to apply for the appointment/reservation of consultation (e.g.,
name, phone number, email address) with respect to any product for which consultation is available if a reservation/appointment is made, the
Company shall take no responsibility for any illegality (such as a Seller’s misappropriation of personal information, etc.) that may arise out of the direct provision of the information.

4. The applicant shall be solely responsible for any and all issues and problems that may arise if an applicant has provided a Seller with false
information or has applied with another’s information, to make an appointment/reservation of consultation (e.g., name, phone number, email address) with respect to any product for which consultation is available if a reservation/appointment is made.

Article 31 (Regular Customers of Mini-Shops)

1. “Mini-Shop” means a virtual place for sales, as provided by the Company to a Seller, and as operated as if it is the Seller’s personal shop. A Member may register as a regular customer of a Mini-Shop and use additional services provided by the Seller, such as various event opportunities, discount
coupons, etc.

2. A Seller may by email send advertisements, coupons and the like to Members who are registered as regular customers of the Seller’s Mini-Shop,
and any such Member may refuse to receive them if they do not want to; provided that the names, email addresses and contact numbers of Members who are registered as regular customers of a Mini-Shop of a Seller may be provided to the Seller to be used for the management of events hosted by
the Seller.

Chapter 5. Management and Protection of Users

Article 32 (Management of Users)

1. The Company may take the following actions with respect to a Member who has violated these Terms of Use, applicable laws and general
principles of commercial transactions:
1) withdrawal of benefits (in part or in whole) provided by the Company additionally;
2) restriction upon the use of certain services;
3) termination of a User Agreement; and
4) bringing a claim for damages.

2. If the Company intends to take any action provided in the foregoing section against a Member, the Company must in advance notify the Member
thereof by phone or by email, and if inevitable (such as, if it is impossible to reach such Member or in an emergency situation), the Company may notify the Member after taking the action.

3. A Member may raise an objection to the action (to be) taken by the Company hereunder, if the Member has a reason for such objection.

Article 33 (Management of User’s Credit Rating)

1. The Company may ascribe a certain credit rating to the Member, based on the amount, number and frequency of the Member’s purchase and other performance records and the like, and grant certain benefits depending on the respective credit ratings.

2. The Company may disclose any and all terms and conditions of the credit ratings ascribed to the Members and respective benefits granted by the
Company, and any amendment to such terms and conditions on a separate webpage serviced by it.

Article 34 (Liability for Copyright Infringement)

1. The Company has established and enforces a policy to protect the copyrights of copyright owners in connection with the provision of the Services,
and Members must comply with the copyright policy of the Company.

2. Copyright to various content posted on Gmarket (whether in its shopping Webzine, product review, Q&A or otherwise) shall vest in the Member who
prepared/posted using the shopping services provided by the Company, and if any such content infringes upon copyright of any other person, the
Member shall be liable therefor.

3. If a Member’s copyright is infringed on Gmarket, the Member may protect his/her/its lawful right through the copyright infringement report center
operated by the Company.

4. The Company may without prior notice remove any content posted on Gmarket or take any action (such as, placing restrictions on the use of certain services, termination of a User Agreement, etc.) against the person who posted the content, in the following case:
1) if the laws and regulations of Korea are violated;
2) if an illegal product, or obscene content, of which sales are prohibited under applicable laws and regulations, is posted or advertised;
3) if any untrue or exaggerated statement for advertisement are included in the content;
4) if other’s rights, reputation, credit or other lawful interests are infringed or violated;
5) if a link inducing to a direct dealing (i.e., deviating Gmarket) or to another website is posted;
6) if any malignant code or data are included in the content;
7) if it is against the social or public order in the society or against good morals and traditional customs; or
8) if it is found impeding smooth operation of Gmarket services provided by the Company.

5. Any content posted on the Gmarket (whether in its shopping Webzine, product review, Q&A or otherwise) and prepared by a Member may be
reproduced, distributed, transmitted or exhibited on other websites partnering with the Company for the purposes of promotion, advertisement of any
products transacted on the Gmarket, and may be revised or edited to the extent not changing the essential substance thereof.

Article 35 (Good Market Assurance Program)

1. The Company has established and enforces the “Good Market Assurance Program” consisting of the following, to assure fair and safe transactions in relation to the use of the Services of the Company:
1) Ethical Management Center;
2) Fair Trade Center;
3) Rights Infringement Report Center;
4) Safe Trade Center;
5) Personal Information Protection Center;
6) Minor Protection Center; and
7) Brand Protection Program.

2. The Company will set the procedures under which Members and lawful right-owners may report and resolve problems through Good Market
Assurance Program, in order to establish sound and transparent order of e-commerce.

3. Members shall with sincerity respond to the mediation through the Safe Trade Center under the principle of good faith and sincerity.

Article 36 (Dispute Mediation Center)

1. The Company will operate the Dispute Mediation Center for resolution by mediation of a dispute between Members, or between a Member and a
third party.

2. If the Company helps relevant parties to resolve a dispute by mediation through the Dispute Mediation Center, the Company shall be impartial in the mediation as if it is an independent party.

3. Members shall with sincerity respond to the mediation process through the Safe Trade Center under the principle of good faith and sincerity.

Article 37 (Prohibited Activities)

1. Direct Dealing
1) For the safety of transactions, neither a Seller nor a Buyer may enter into any direct dealing or may avoid using the Escrow Service provided by the
Company. Any party to a direct dealing shall enter into such direct dealing at its own responsibility for any and all issues and problems arising out of the direct dealing. The Company shall in no way be responsible for any such issue or problem.
2) If a Seller is found to have entered into or to have induced to enter into a direct dealing, a sales service user contract with the Seller may be
terminated. Any Member may report to the Safe Trade Center operated by the Company, a Seller that has entered into or induced to enter into a direct
dealing.

2. Misbehavior in Auction
1) For the fair and smooth auction process, the Company prohibits any and all unfair misbehavior in relation to auction, including without limitation,
false bids, inveterate cancellation of winning bids, return of goods/services after purchase through auction, obstruction of participating in the bidding
process, and manipulation of winning bid prices.
2) The Company may have any winning bid cancelled if it finds any misbehavior in auction, and the Company may also take any other actions
(including without limitation placing restrictions on the offender’s participation in auction, and termination of a User Agreement) depending on the
circumstances.

3. System-related Misbehavior
1) No one may use the Services or access to the system in an unusual manner without utilizing the process and method provided by the Company for
the use of Services is prohibited.
2) If any system-related misbehavior is found by the Company, the Company may cancel benefits (whether in part or in whole) additionally provided by
the Company, placing restrictions on the offender’s use of certain services, terminate a User Agreement and take any other actions. If any damages
arising out of the misbehavior, the Company may demand the offender to compensate for all such damages.

4. Settlement-related Misbehavior
1) No one may use the shopping services provided by the Company in another’s name or with the information on another’s credit card, bank account,
and the like.
2) No one may conduct unusual settlement in a manner prohibited by applicable laws (such as, the Specialized Credit Financial Business Act), e.g.,
lending or borrowing funds to or from another in the guide of sales of goods or provision of services. If any such misbehavior is found by the Company, the Company may terminate a User Agreement or suspend the transaction concerned and report it to the competent authority.
3) No one may conduct a purchase without any intent to actually make a purchase (e.g., where no delivery follows the purchase). If any such
misbehavior is found by the Company, the Company may cancel the transactions concerned and impose sanctions depending on the circumstances.

5. Other Prohibited Activities
No Member may conduct any activity that causes damages or losses to the Company and interferes the fostering of fair market environment, by
entering into unusual multiple transactions by utilization of discount rates, and the like, provided by the Company. If any such misbehavior is found by
the Company, the Company may cancel the transactions concerned and impose sanctions (including suspension of entering into any transaction)
depending on the circumstances.

Chapter 6. Miscellaneous

Article 38 (Relationship between Rules to Comply and Applicable Laws and Regulations)

1. Any matters not provided in the T&C shall be governed by e- Commerce Act, any other applicable laws and regulations, and general commercial
practices.

2. For transactions executed through the shopping service provided by the Company, e- Commerce Act and other applicable laws and regulations
shall primarily apply to the parties to the transactions, and neither party may not claim release of its liabilities in reliance with the T&C.

3. If necessary, the Company may set out separate terms that apply to specific services (“Individual Terms”) and post the Individual Terms on the
Gmarket homepage or otherwise for advance notification.

4. Amendment of the Individual Terms provided in Section 38.3 above will be effective 14 days after initially posted on the initial landing page of
Gmarket, and will be posted for a 14-day period until the date immediately preceding the effective date.

5. Member shall pay attention to any changes to the T&C and the Individual Terms, and when any amendment thereto is posted, Members shall review and check them.

Article 39 (Disclaimer)

1. The Company only provides a transaction system that is based on the Gmarket platform. Parties to a transaction shall be responsible in the event of any disputes arising in connection with any transaction using the Gmarket transaction system.

2. Absent willful misconduct or gross negligence of the Company, the Company shall not be liable for any damages suffered by a Member or a third
party due to temporary suspension of the Services pursuant to Section 11.2.

3. If the Company restricts or suspends the Services pursuant to Section 11.3, the Company shall on grounds of a force majeure event be released
from any liability for damages.

4. The Company shall not be liable for any disruption or other interruption in the use of the Services that has arisen for a reason attributable to a
Member.

5. The Company shall in no event be liable for any damages whatsoever, arising from a Member’s disclosure or provision of the Member’s personal
information to another.

Article 40 (Jurisdiction)

Any lawsuit to which the Company is a party shall, if brought in connection with a dispute arising between Members or between the Company and any Member, be submitted to the competent court having jurisdiction over the place where the head office of the Company is located.

Article 41 (Others)

1. The Company may, if necessary, change or suspend certain Services (or part thereof) temporarily or permanently by providing advance notice on the homepage of its website.

2. Neither the Company nor Members shall transfer any rights and obligations under the T&C to a third party without the express consent of the other
party.

3. All agreements, memoranda of understanding, notices and other instruments additionally executed between the parties and any and all notices to
Members by the Company by posting on Gmarket pursuant to changes in the Company’s policies, enactment and amendment of laws and regulations, public announcements and guidelines of the authorities, and the like, shall constitute part of the T&C.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of May 2, 2000.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of September 12, 2002.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of June 9, 2003.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of July 2, 2004.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of October 12, 2004.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of May 4, 2005.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of May 30, 2005.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of August 8, 2005.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of August 19, 2005.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of September 27, 2005.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of October 28, 2005; provided that Section 12.3 shall apply from December 31, 2005.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of February 15, 2006.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of April 17, 2006.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of June 1, 2006.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of July 13, 2006.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of September 12, 2006.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of October 15, 2006.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of July 1, 2007.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of September18, 2008.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of May 11, 2009.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of December 17, 2010.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of December 27, 2010.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of January 28, 2011.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of February 15, 2011.

Addendum

Article 1 (Effective Date)
The T&C shall become effective as of June 29, 2011; provided that with respect to G-cash purchased by payment by credit card or by mobile phone, Section 23.3(3) shall apply from September 30, 2011.