If any controversy, claim or dispute arises out of or relating to this Agreement, the Parties shall promptly enter into discussion in good faith with a view to reaching an amicable settlement. If no amicable settlement is reached within a period of six (6) months thereafter, any such controversy, claim or dispute shall be finally settled by arbitration in Singapore in accordance with the Commercial Arbitration Rules of the Singapore International Arbitration Centre, and judgment upon the award rendered by the arbitration may be entered in any court having jurisdiction thereof.