The Parties agree that in order for them to explore opportunities and examine how they might work together to their mutual benefit regarding information during the discussions in relation to the construction of Mini Residential as specified in Annex 1 and existing project (the “Purposes”), that it will be necessary and desirable that they disclose certain proprietary information which is considered confidential information. Therefore, the Parties agree to protect each other's confidential information disclosed before or after the execution of this Agreement on the following terms.