Common use of Replace or Repair Clause in Contracts

Replace or Repair. 6.1 If 'LG Energy Solution' is found to be liable for the defect of the 'Products' under Article 5, ‘LG Energy Solution’ shall finally decide whether to (i) repair the defective ‘Products’, or (ii) replace the defective ‘Products’ with intact parts that are free of any defects and equal in value. 6.2 The warranty period for the repaired or replaced part shall be the remainder of the warranty period for the original parts. 6.3 ‘LG Energy Solution' shall not indemnify or compensate for any damages unless otherwise explicitly specified herein. 6.4 The Warranty for defective ‘Products’ are only valid when they have been repaired or replaced by LG Energy Solution qualified personnel. In the event the Products are not available in the market anymore, ‘LG Energy Solution’, at its option, may replace it with different kind of product with equivalent functions and performances or refund the remaining annually depreciated value of the purchase price of the Products during the Term of Performance Warranty as the Compensation Scheme below. The purchase price mentioned hereinabove means the list price actually paid by the Buyer for the purchase. • Residual value in [Local Currency] = purchasing price in [Local Currency] / 120 x (120 - Operation time after installation in month) • No warranty of performance will be provided from the 121st month

Replace or Repair. 6.1 If 'LG Energy SolutionLGES' is found to be liable for the defect of the 'Products' under Article 5, ‘LG Energy SolutionLGES’ shall finally decide whether to (i) repair the defective ‘Products’, or (ii) replace the defective ‘Products’ with intact parts that are free of any defects and equal in value. 6.2 The warranty period for the repaired or replaced part shall be the remainder of the warranty period for the original parts. 6.3 ‘LG Energy SolutionLGES' shall not indemnify or compensate for any damages unless otherwise explicitly specified herein. 6.4 The Warranty for defective ‘Products’ are only valid when they have been repaired or replaced by LG Energy Solution qualified personnel. In the event the Products are not available in the market anymore, ‘LG Energy Solution’LGES, at its option, may replace it with different kind of product with equivalent functions and performances or refund the remaining annually depreciated value of the purchase price of the Products during the Term of Performance Warranty as the Compensation Scheme Energy Solution below. The purchase price mentioned hereinabove means the list price actually paid by the Buyer for the purchase. •  Residual value in [Local Currency] = purchasing price in [Local Currency] / 120 x (120 - Operation time after installation in month) •  No warranty of performance will be provided from the 121st month

Replace or Repair. 6.1 If '‘LG Energy Solution' is found to be liable for the defect of the 'Products' under Article 5, ‘LG Energy Solution’ Solution 'shall finally decide whether to (i) repair the defective ‘Products’, or (ii) replace the defective ‘Products’ with intact parts that are free of any defects and equal in value. 6.2 The warranty period for the repaired or replaced part shall be the remainder of the warranty period for the original parts. 6.3 ‘LG Energy Solution' shall not indemnify or compensate for any damages unless otherwise explicitly specified herein. 6.4 The Warranty for defective ‘Products’ are only valid when they have been repaired or replaced by LG Energy Solution qualified personnel. In the event the Products are not available in the market anymore, ‘LG Energy Solution’', at its option, may replace it with different kind of product with equivalent functions and performances or refund the remaining annually depreciated value of the purchase price of the Products during the Term of Performance Warranty as the Compensation Scheme below. The purchase price mentioned hereinabove means the list price actually paid by the Buyer for the purchase. • Residual value in [Local Currency] = purchasing price in [Local Currency] / 120 x (120 - Operation time after installation in month) • No warranty of performance will be provided from the 121st month

Replace or Repair. 6.1 If 'LG Energy SolutionChem' is found to be liable for the defect of the 'Products' under Article 5, ‘LG Energy SolutionChem’ shall finally decide whether to (i) repair the defective ‘Products’, or (ii) replace the defective ‘Products’ with intact parts that are free of any defects and equal in value. 6.2 The warranty period for the repaired or replaced part shall be the remainder of the warranty period for the original parts. 6.3 ‘LG Energy SolutionChem' shall not indemnify or compensate for any damages unless otherwise explicitly specified herein. 6.4 The Warranty for defective ‘Products’ are only valid when they have been repaired or replaced by LG Energy Solution Chem qualified personnel. In the event the Products are not available in the market anymore, ‘LG Energy Solution’LGC, at its option, may replace it with different kind of product with equivalent functions and performances or refund the remaining annually depreciated value of the purchase price of the Products during the Term of Performance Warranty as the Compensation Scheme below. The purchase price mentioned hereinabove means the list price actually paid by the Buyer for the purchase. •  Residual value in [Local Currency] EUR = purchasing price in [Local Currency] EUR / 120 x (120 - Operation time after installation in month) •  No warranty of performance will be provided from the 121st month

Replace or Repair. 6.1 If 'LG Energy SolutionChem' is found to be liable for the defect of the 'Products' under Article 5, ‘LG Energy SolutionChem’ shall finally decide whether to (i) repair the defective ‘Products’, or (ii) replace the defective ‘Products’ with intact parts that are free of any defects and equal in value. 6.2 The warranty period for the repaired or replaced part shall be the remainder of the warranty period for the original parts. 6.3 ‘LG Energy SolutionChem' shall not indemnify or compensate for any damages unless otherwise explicitly specified herein. 6.4 The Warranty for defective ‘Products’ are only valid when they have been repaired or replaced by LG Energy Solution Chem qualified personnel. In the event the Products are not available in the market anymore, ‘LG Energy Solution’LGC, at its option, may replace it with different kind of product with equivalent functions and performances or refund the remaining annually depreciated value of the purchase price of the Products during the Term of Performance Warranty as the Compensation Scheme below. The purchase price mentioned hereinabove means the list price actually paid by the Buyer for the purchase. • Residual value in [Local Currency] EUR = purchasing price in [Local Currency] EUR / 120 x (120 - Operation time after installation in month) • No warranty of performance will be provided from the 121st month