Contract Zakelijke Samenwerking

Address: Tel: Fax: Account No.: Tax Code: Represented by Mr. - General Director (According to Section 6 of the Business Registration Certificate) WHEREAS: ARTICLE 1: PURPOSE OF THE CONTRACT 1.1 Both parties cooperate to establish a business cooperation unit (business cooperation) for building and managing the business of including the following services: 1.2 The business cooperation unit shall not have a separate legal status but will use the legal status of party A.. 8.2 Profit, or business result, means total income earned at the time of business cooperation minus the business expense (defined in Article 8.6) and will be shared by both parties upon the payment of corporate income tax in accordance with the applicable provisions at the ratio: - From the 1st to the 5th year: : 25 : 75 - From the 6th to the 10th year: : 45 : 55 8.3 In any event, if the BCC incurs losses, Party A will not be liable for sharing such losses.. 8.6 The Business expenses of the BCC: Staff s salary Electricity, water, communication Depreciation of Party A s machinery, equipment and premises Rent of machinery, equipment, if any Turnover tax, special sales tax Prime cost of goods Overheads Insurance of construction works, machinery, equipment and social insurance Advertisement and marketing Maintenance, replacement of fixtures and fittings (maximum limit of 3 of income).. ARTICLE 10: FORCE MAJEURE 10.1 If there are a decision of the Government to stop the business operation, war, terrorism, explosion, bombing, flood, fire or unforeseeable natural disasters which are beyond the control of one Party then that Party is exempted from fulfilling the obligations which it is not able to fulfill and it will bear no legal responsibility to the other Party due to such force majeure..