Terms and Conditions for Automatic Recurring Payment of Service Fees

Article 1. Purpose
These Terms and Conditions govern the services (hereinafter referred to as the "Services") provided by Yanolja F&B Solution Co., Ltd. (hereinafter referred to as the "Company") and the services provided by merchants (hereinafter referred to as "Merchants"). These Terms and Conditions govern the use of the automatic recurring payment service for service fees (hereinafter referred to as the "Recurring Payment Service"). The "Recurring Payment Service" as defined in these Terms and Conditions refers to a convenient service whereby the payment agency automatically pays the service fee for one month of use of the "Service" selected by the Merchants on the payment date designated by the Company, using the card information registered by the Merchants, pursuant to an agreement between the Company and the payment agency.

Article 2: Definition of Automatic Recurring Payment
The "Recurring Payment Service" specified in these Terms and Conditions refers to a convenient service whereby the payment agency automatically pays the service fee for one month of use of the "Service" selected by the "Merchant" on the payment date designated by the "Company" pursuant to an agreement between the "Company" and the payment agency, using the card information registered by the "Merchant."

Article 3: Validity and Amendment of Terms and Conditions

• These Terms and Conditions shall become effective upon the agreement of the "Merchant" who wishes to pay the monthly service fee incurred for the "Service" provided by the "Company" via automatic recurring payment. If the "Merchant" selects "Agree" to these Terms and Conditions, it shall be deemed that the "Merchant" has fully understood and agreed to the contents of these Terms and Conditions.

• The "Company" may revise these Terms and Conditions in accordance with applicable laws, company policies, business direction, etc. If these Terms and Conditions are revised pursuant to Paragraph 2, the "Company" will announce the revisions through the "Company's" CEO Center, Admin Page, and other platforms at least 7 days prior to their effective date.

• ​If the "Affiliate" does not express a specific objection by the effective date of the revision, the "Affiliate" will be deemed to have agreed to the revised Terms and Conditions. However, if the revision is disadvantageous to the "Affiliate," the "Affiliate" will individually notify the "Affiliate" of the revised Terms and Conditions via email, text message, or other means at least 30 days prior to their effective date.

• If the "Affiliate" does not agree to the revised Terms and Conditions, the "Affiliate" may request the "Company" to cancel the "Regular Payment Service."

Article 4: Establishment of the Service Use Agreement and Restrictions on Acceptance

• Applications for the "Regular Payment Service" are established when the "Affiliate" expresses agreement to these Terms and Conditions and submits the application, followed by the "Company's" acceptance of the application. In cases where a "Merchant" applies for the "Service" pursuant to Paragraph 1, the "Company" may require identity verification, such as mobile phone number verification, through a specialized agency.

• The "Company" may withhold the "Merchant's" application for the "Regular Payment Service" for a certain period of time to determine whether the "Merchant" is eligible to use the "Regular Payment Service."

• The "Regular Payment Service" contract is established when the "Company" provides the "Merchant" with information, such as the billing start date, in response to the "Regular Payment Service" application.

• Before applying for the "Regular Payment Service," the "Merchant" must familiarize themselves with the terms and conditions of this Agreement and ensure accurate and error-free transactions. When applying for the "Regular Payment Service," "Merchants" must use their own true information. If it is confirmed that the information provided is not their own (including cases where another person's name is borrowed or stolen), use of the "Regular Payment Service" may be restricted or they may be subject to punishment in accordance with relevant laws.

  • The "Company" may reject or withhold approval of an application for the "Regular Payment Service" in the following cases:

  • A. If it is confirmed that the "Merchants" did not use their true information to apply for the "Regular Payment Service"

  • B. If the information provided is identical to that of an existing "Merchants"

  • C. If a reapplication is made within 7 days of the "Regular Payment Service" being suspended by the "Company"

  • D. If a "Merchant" who has been subject to suspension or other measures from the "Company" reapplies for the "Regular Payment Service" during the suspension period,

Article 5 Restrictions on Service Use

• The "Company" may restrict a "Merchant's" use of the "Regular Payment Service" in the following cases:

  • a. If there is a high possibility of errors in the "Regular Payment Service" due to financial institutions' computer system closing times, etc.

  • b. If there is a high possibility of errors in the "Regular Payment Service" due to financial institutions' computer system closing times, etc. c. If the normal provision of the "Regular Payment Service" is difficult due to maintenance, upgrades, inspections, replacements, hacking, etc. of information and communication equipment such as computers.

  • d. If the operation of the "Regular Payment Service" is impossible due to force majeure, such as natural disasters, war, riots, or terrorism.

  • d. If any of the reasons listed in Article 6, Paragraph 2 occur,

• If the "Company" intends to restrict the use of the "Regular Payment Service" as specified in Paragraph 1, it will notify the "Affiliate" in advance via the "Business Center," the admin page, email, text message, etc., specifying the reason, date, and duration of the restriction. However, if the "Company" determines that an urgent restriction on the "Regular Payment Service" is necessary, it may take action first and provide notice after the fact.

• The "Company" shall not be liable for any restrictions on the use of the "Regular Payment Service" that are not attributable to the "Company."

Article 6: Termination and Cancellation of the Service Agreement

• The "Affiliate" may request termination of the "Regular Payment Service" through any method provided by the "Company," such as the "Business Center" or a support center.

• The "Company" may terminate or cancel this Service Agreement with the "Affiliate" in the event of any of the following:

  • A. If the "Affiliate" violates these Terms and Conditions or applicable laws, making it difficult to achieve the purpose of the contract.

  • B. If the "Affiliate" falsely enters required information or other important information when applying for the "Regular Payment Service."

  • C. If the "Affiliate" impersonates or uses another person's name or payment information.

  • D. If the "Affiliate" uses the "Company's" "Regular Payment Service" for fraudulent purposes.

  • E. If the "Affiliate" interferes with the operation of the "Company's" "Regular Payment Service."

  • F. If the "Affiliate" distributes virus programs or hacks into the service.

  • G. If the payment of service fees under these Terms and Conditions is overdue for more than three months due to reasons attributable to the "Affiliate," such as exceeding the limit of the payment method registered by the "Affiliate."

  • H. If the "Affiliate" terminates the "Service" contract for which the regular payment is made.

  • I. If the Company objectively determines that termination of the "Service" Agreement is necessary, the "Company" may provide the "Affiliate" with a reasonable period of time to file an objection when terminating or canceling the Service Agreement pursuant to this Article.

• If the "Company" determines that the "Affiliate"'s objection pursuant to Paragraph 3 is justified, the "Regular Payment Service" will be immediately resumed.

• The service fee for the "Service" used by the "Affiliate" for one month (from the 1st to the last day of each month) under the "Regular Payment Service" will be automatically paid on the date designated by the "Company." If the "Affiliate" requests to cancel the "Regular Payment Service" mid-term, the service fee invoice will be sent on the date designated by the "Company" for the following month, and payment will be made accordingly.

• The payment methods available to the "Affiliate" for the "Regular Payment Service" are as follows. To change the registered payment method, the "Affiliate" may apply through the support center provided by the "Company."

  • A. The "Merchant" business owner's personal credit card

  • B. The "Merchant" business owner's personal check card

  • C. The "Merchant"'s corporate credit card

• If the "Merchant" has a dispute regarding the payment under the "Regular Payment Service," the "Merchant" may file an objection with the "Company" through the support center provided by the "Company" within 14 days of the payment date. In this case, the "Company" will investigate the "Merchant's" usage history and notify the "Merchant" of the results via electronic writing or other means.

• Regardless of whether the "Merchant" actually uses the "Regular Payment Service," the "Regular Payment Service" continues to charge a one-month service fee for the entire period of use (from the time of application for use until the date of termination of the "Regular Payment Service"). Therefore, any "Merchant" wishing to cancel the "Regular Payment Service" must notify the "Company" of its intent to cancel the "Regular Payment Service" through the support center provided by the "Company." If the specified service fee is overdue for more than three months due to reasons attributable to the "Merchant," such as exceeding the payment limit of the payment method registered by the "Merchant," the "Company" may terminate this service agreement pursuant to these Terms and Conditions, to which the "Merchant" has agreed.

Article 7 Fees and Payments

• If the "Merchant" wishes to cancel the "Automatic Payment Service" within the contract period, they may apply for cancellation through the support center provided by the "Company."

• If a "Merchant" using the "Automatic Payment Service" requests mid-term cancellation, the "Merchant" agrees that the "Service" can only be cancelled if all accrued service fees up to the end date of the "Service" and any penalties for mid-term cancellation have been fully paid using the payment method registered for the "Automatic Payment Service." However, if the "Service" is cancelled within seven days of application, only the prorated service fee will be charged, and no cancellation penalty will be imposed. The penalties for mid-term termination of the "Service" pursuant to the preceding paragraph are as follows. If there is any objection, the "Affiliate" may file an objection with the "Company." ((The penalty calculation criteria below are based on the number of contract days.))

  • Termination within 50% of the contract period (1 year): Monthly Service Fee X Total Contract Period (Months) X 20%

  • Termination exceeding 50% of the contract period (1 year): Monthly Service Fee X Total Contract Period (Months) X 10%

Article 8 Mid-Term Service Termination

• If the "Affiliate" wishes to terminate the "Automatic Payment Service" within the contract period, they may apply for termination through the support center provided by the "Company." If a “merchant” using the “automatic payment service” requests to cancel the “service” midway, the “merchant” must pay all service fees incurred up to the end date of the “service” and the penalty for midway cancellation through the payment method registered for the use of the “automatic payment service” before the cancellation of the “service” is possible.

• I agree to the Terms and Conditions. However, if you express your intent to cancel your subscription within 7 days of applying for the "Service," only the prorated service fee will be charged, and there will be no penalty for cancellation.

• The penalties for early termination of the "Service" pursuant to the preceding paragraph are as follows. If you have any objections, the "Affiliate" may file an objection with the "Company." ((The penalty calculation below is based on the number of contract days.))

  • ​ If you cancel within 50% of the contract period (1 year): Monthly service fee X Total contract period (months) X 20%​

  • ​​ If you cancel more than 50% of the contract period (1 year): Monthly service fee X Total contract period (months) X 10%

Article 9. Company Obligations

• The "Company" will not engage in any actions that violate these Terms and Conditions or related laws.

• The "Company" will thoroughly manage and store personal information obtained from the "Affiliate" in accordance with the Electronic Financial Transactions Act and other related laws. The "Company" maintains a security system to protect transaction information and personal information so that "Affiliates" can safely use the Service.

• The "Company" will make every effort to provide continuous and secure services.

Article 10 Obligations of "Affiliates"

• When registering for the "Regular Payment Service," the "Affiliate" must provide accurate information and provide the "Company" with accurate payment information required for the payment method selected for the "Regular Payment Service." If any of these details change, the "Affiliate" must promptly notify and reflect the change according to the procedures established by the "Company."

• The "Affiliate" must use a payment method in their own name when using the "Regular Payment Service."

• The "Affiliate" must comply with these Terms and Conditions and actively cooperate with the Company to ensure the normal provision of the Service.

Article 11. Compensation for Damages

• If the "Company" or "Affiliate" intentionally or negligently violates the provisions of these Terms and Conditions, causing damage to the other party, the responsible party shall compensate for the resulting damages.

• If the "Company" receives a claim for damages, lawsuit, or other objection from a third party due to an illegal act or violation of these Terms and Conditions by the "Affiliate" while using the "Regular Payment Service," the "Affiliate" shall resolve the matter at its own expense and responsibility and indemnify the "Company" to the extent permitted by law.

• If the "Affiliate" damages the reputation, credibility, or other external image of the "Company", its affiliates, or its partners while using the "Regular Payment Service," resulting in tangible or intangible damages to the "Company," its affiliates, or its partners, the "Affiliate" shall compensate the "Company," its affiliates, or its partners for the resulting damages.

Article 12. Limitation of Liability

• The "Company" shall be exempt from liability for providing the "Regular Payment Service" if it is unable to provide the "Regular Payment Service" due to a natural disaster or other force majeure.

• The "Company" shall not be liable for any disruption in the use of the "Regular Payment Service" caused by the "Affiliate."

• The "Company" shall not be liable for any loss of expected profits suffered by the "Affiliate" through the "Regular Payment Service."

Article 13. Notification to "Affiliates"

• When providing notices related to these Terms and Conditions, the "Company" may use support centers such as the "Affiliate Center" or the Admin Page, or may use the email address or mobile phone number provided by the "Affiliate."

• If notification to all "Affiliates" is necessary, the "Company" may post notices on the "Affiliate Center" or the Admin Page in lieu of individual notifications. However, for matters that significantly impact the use of the "Regular Payment Service" or the rights and obligations of members, individual notices shall be provided using the methods set forth in Paragraph 1.

Article 14. Slightly Additional Rules

• Matters not specified in these Terms and Conditions shall be governed by the Electronic Financial Transactions Act, the Act on Consumer Protection in Electronic Commerce, etc., the Specialized Credit Finance Business Act, and other applicable laws.

• If necessary, the "Company" may establish individual terms and conditions applicable to specific services and notify "Affiliates."

Article 15. Dispute Resolution

• In the event of any matters not specified in these Terms and Conditions or any disagreements regarding interpretation, the parties shall mutually agree to resolve the matter amicably through consultation.

• In the event of a dispute arising from these Terms and Conditions and a lawsuit is filed, the Seoul Central District Court, with jurisdiction over the location of the "Company," shall have exclusive jurisdiction.

Supplementary Provisions

• These Terms and Conditions shall be effective from March 22, 2022.

• The previous Terms and Conditions, effective from October 1, 2021, shall be replaced by these Terms and Conditions.