(a) Any disputes, controversies or claims arising out of or in connection with this Agreement or the breach, termination or validity of this Agreement shall be finally settled by arbitration. The arbitration shall be conducted in accordance with the rules of the International Chamber of Commerce (ICC) in force at the time of the arbitration, unless they can be modified by mutual agreement of the parties. The seat of the arbitration shall be Singapore, provided that the arbitrators may hold hearings in such other places as the arbitrators deem most comfortable and effective, having regard to the circumstances, for all parties to such arbitration. The arbitration shall be conducted in English. (b) The arbitration shall be conducted by three arbitrators. The party (or parties acting in common if there is more than one) initiating arbitration (the claimant) appoints an arbitrator in its request for arbitration. The other party (or parties acting in common if there is more than one) of the arbitration (the respondent) must appoint an arbitrator within thirty (30) days of receipt of the request and notify the claimant in writing of such appointment. If one of the parties has not appointed an arbitrator within thirty (30) days of receipt of the request by the respondent, such arbitrator shall be appointed by the ICC. .

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