WHEREAS
CTV and Recipient wish to discuss the possible establishment of a business collaborative with respect to the Khon Kaen Smart City Tram's design, manufacturing, construction, assembly, service maintenance and technology transfer to CTV (the "Project") CTV and Recipient desire to ensure that all discussions and negotiations regarding the Project, and all information exchanged in connection with the Project, be kept confidential in accordance with all of the terms and conditions set forth below.