Partner Listing Agreement

Effective: 2026-07-31

This agreement governs the rights and obligations between LUWEI ("LUWEI"), operator of the Korean wellness venue intermediation platform at luwei.kr (the "Platform"), and venue operators ("Partners") who register their venues on the Platform. By agreeing to this document during self-onboarding, the Partner enters into a listing agreement with LUWEI.

Article 1 (Definitions)

(1) "LUWEI" is a registered E-Commerce intermediary (Reg. No. 2026-Eunpyeong-Seoul-0545) operating a four-language (Korean / English / Chinese / Japanese) platform that introduces and intermediates Partner venues to international and domestic users. (2) "Partner" means an entity registered in the Republic of Korea (corporate or sole proprietorship) that has agreed to this Agreement and completed the self-onboarding process. (3) "Customer" means a user who reserves and pays for a Partner's venue services through the Platform.

Article 2 (Registration & Eligibility)

(1) The Partner must hold a valid Korean business registration and operate Korean wellness services (spa, sauna, hot springs, jjimjilbang, head spa, aesthetician services, etc.). The Partner is responsible for checking and obtaining any filing, permit or registration required of it by applicable law, including Mail-Order Sales Registration where applicable, and bears any legal liability arising from failing to do so. The business registration number may be submitted any time before the first payout. (2) The Partner warrants the accuracy of all information (business name, registration number, settlement bank account, contact information) entered during self-onboarding. (3) LUWEI may review Partner eligibility and venue information, and may refuse registration or suspend a venue post-registration if found unsuitable.

Article 3 (Listing Fee)

(1) The Partner pays a one-time listing fee of ₩300,000 (VAT excluded) at registration. The fee covers venue page setup, four-language exposure, and access to the automatic settlement system. (2) Partners who register during the Early Partner period (through December 31, 2026 23:59 KST) have the listing fee waived (₩0). (3) Effective January 1, 2027 00:00 KST, the standard listing fee of ₩300,000 applies. (4) Listing fee refunds are subject to the separate Refund Policy at luwei.kr/legal/refund.

Article 4 (Commission & Settlement)

(1) LUWEI takes 12% of the amount a Customer pays through the Platform as its intermediation commission and settles the remaining 88% to the Partner. (2) (When the commission becomes fixed) LUWEI's intermediation service is deemed delivered — and the commission fixed — at the moment the Customer actually completes the booked service. A booking or a payment alone does not fix the commission; it becomes fixed upon completion of use, or upon a confirmed no-show under Article 7. (3) (Settlement cycle) Settlements are grouped by service date into weekly cycles from Monday to Sunday, calculated on the following Monday (KST) and paid into the Partner's registered account within that same week. LUWEI advances these weekly payouts regardless of when it receives funds from the payment gateway (NicePay) and does not delay Partner settlement on account of gateway remittance timing. (3-2) (Deposit model) Where the Partner has set a deposit amount, the Customer pays only the deposit through the Platform and pays the balance directly to the Partner at the venue on the day of service. In that case the commission under paragraph (1) is calculated as 12% of the service list price but deducted only from the deposit; no commission of any kind is charged on the balance. The deposit must be at least KRW 50,000, the payment gateway's minimum for overseas-issued cards. (4) If the Partner has not registered a settlement account, settlement remains on hold and is rolled into the next settlement cycle once the account is registered. (5) Refunded or cancelled bookings carry no commission, because the service was not completed, and are excluded from settlement. For partially refunded bookings, commission is calculated on the amount remaining with the venue after the refund. (6) No-show bookings (the Customer does not appear) are treated as completed use, since the Partner had prepared to provide the service; no refund is issued and 88% is settled after the 12% commission. (7) (Commission records) As a simplified-tax business, LUWEI issues, for each settlement cycle's commission, a receipt (such as a cash receipt for business expense) together with a payout statement instead of a tax invoice. The Partner may use the receipt as an expense record, but because it is issued by a simplified-tax business, the VAT is not deductible as input tax. If LUWEI converts to general taxation, it will issue electronic tax invoices by the 10th of the following month for settlements from the conversion date onward and will notify the Partner in advance.

Article 5 (Partner Obligations)

(1) The Partner maintains the accuracy of registered venue information (operating hours, service menu, prices, photos). (2) The Partner must confirm or decline reservations through the Partner Dashboard within the response time set by the Partner (15 minutes, 1, 3 or 12 hours; 12 hours by default) after payment completion. Failure to respond results in automatic cancellation by LUWEI's system and 100% refund to the Customer. Resulting revenue loss is borne by the Partner. (3) The Partner is responsible for service quality and customer safety at the venue. Safety incidents or service disputes within the venue are the sole responsibility of the Partner; LUWEI is exempt. (4) The Partner shall not discriminate against Customers based on nationality, race, or religion. If operationally unable to serve specific countries, the Partner may specify "limited response" countries through Dashboard settings. (5) Notification channels: LUWEI sends key Partner notifications, including new bookings, via KakaoTalk Alimtalk — with automatic SMS fallback if delivery fails — alongside email. The Partner is obligated to register and maintain accurate contact details (mobile number and email address) and to check the Partner Dashboard regularly.

Article 6 (LUWEI Obligations)

(1) LUWEI lists the Partner's venue page in four languages (Korean / English / Chinese / Japanese), processes Customer card payments through NicePay, and operates the automatic settlement system. (2) LUWEI transfers the settlement amount to the Partner's registered account weekly (Monday–Sunday usage, calculated the following Monday and paid within that week, KST). (3) LUWEI processes Customer payment and personal information in accordance with the separate Privacy Policy at luwei.kr/legal/privacy. (4) LUWEI shall provide advance or post-incident notice to Partners regarding system failures or updates.

Article 7 (Booking Refund & Cancellation)

(1) Self-cancellation refunds for Customers are tiered as follows (based on appointment start time): · Cancelled more than 24 hours before: 100% refund · Cancelled 2–24 hours before, within 2 hours or after start, or no-show: refunded at the rate the Partner sets under “Cancellation & refund policy” in the partner console (if not set, the default applies: 50% for cancellations 2–24 hours before, 0% within 2 hours, after the start, or for no-shows). The rate is shown to Customers on the booking form, and each booking uses the rate in effect when it was booked and paid. · Any amount not refunded is the Partner’s revenue and is settled after the 12% commission (2) When a Partner declines a booking due to a conflict with another channel, the Customer is automatically refunded 100% with no penalty to the Partner. (3) Automatic cancellation due to Partner non-response within the response time results in 100% automatic refund to the Customer; resulting revenue loss is borne by the Partner.

Article 8 (Penalties & Suspension)

(1) If a Partner accumulates three or more of the following incidents, LUWEI may suspend the venue: · Decline without reasonable cause · No-show on Partner side (customer arrives but venue does not respond) · Refund Policy violation (2) New bookings cannot be received during suspension; lifting requires consultation with LUWEI. (3) For material breach of this Agreement or applicable law, LUWEI may terminate the Agreement upon prior notice.

Article 9 (LUWEI Liability Exclusion)

(1) LUWEI acts as an E-Commerce intermediary between Partners and Customers. LUWEI is not responsible for the quality of services provided by the Partner, venue safety, or treatment outcomes. (2) For safety incidents, customer injury, or service disputes occurring at the venue, the Partner bears sole responsibility; the Partner shall not seek damages from LUWEI. (3) Partners are recommended to obtain commercial general liability insurance and other relevant venue operation insurance independently.

Article 10 (Termination)

(1) The Partner may request termination through the Partner Dashboard at any time. From the termination date, no new bookings are accepted; existing confirmed bookings are fulfilled and settled normally. (2) LUWEI may terminate this Agreement upon prior notice in the following cases: · Cancellation of the Partner's business registration or Mail-Order Sales Registration · Material breach of this Agreement or applicable law · Six or more accumulated penalty incidents (3) Outstanding settlements after termination are added to the final settlement cycle.

Article 11 (Amendment)

(1) LUWEI may amend this Agreement upon seven days advance notice via the Partner's registered email or Partner Dashboard. (2) If the Partner does not agree to the amendment, the Partner may request termination before the effective date. Continued operation after the effective date is deemed acceptance of the amendment.

Article 12 (Dispute Resolution & Jurisdiction)

(1) Disputes related to this Agreement are governed by the Act on the Consumer Protection in Electronic Commerce of the Republic of Korea and related laws. (2) For disputes proceeding to litigation, jurisdiction is the Seoul District Court of the Republic of Korea. (3) For matters requiring separate consultation, contact business@luwei.kr.

Effective Date: April 29, 2026 (amended July 27, 2026 — Article 4 clarified: when commission becomes fixed, payout date, tax invoice / July 31, 2026 — Article 5(5) notification channels updated to current practice / September 27, 2026 — Article 4(7) commission records updated for simplified taxation / September 28, 2026 — Article 2(1) eligibility clarified: Mail-Order Sales Registration is the Partner’s own responsibility where required / October 6, 2026 — Article 7(1) customer self-cancellation: 100% more than 24 hours before; later tiers at the rate the Partner sets (default 0%) / effective October 17, 2026 (notified October 10) — Article 7(1) default when the Partner sets no rate: 50% for 2–24 hours before, 0% within 2 hours, after the start, or for no-shows) LUWEI · Business Registration No. 609-67-00566 · E-Commerce Reg. No. 2026-Eunpyeong-Seoul-0545 523-703, 487 Yeonseo-ro, Eunpyeong-gu, Seoul, South Korea business@luwei.kr