This MOU represents only the mutual intention and understanding of the Parties regarding a potential joint venture as described above. Except for Clause 3, Clause 4, Clause 5, Clause 6, Clause 7, Clause 8 and Clause 9, which agreed by the Parties to be legally binding on them during the term hereof, this MOU does not constitute or create, and shall not be deemed to constitute or create, any legal obligations on any of the Parties in respect of the terms and conditions contemplated herein.