3.3.1 Licensee shall render semi-annual accounts of all license fees accrued on the basis of the sales amount. The Licensee shall make a license fee report as in the form of Exhibit 2 attached herewith ("Report") and send it to MEIDEN within 30 days from the end of first and second half of the each fiscal year.
3.3.2 On the basis of the Report, MEIDEN will issue an invoice to the Licensee immediately after its receipt of Report indicated in the currency of the Licensee's domicile.
3.3.3 All license fees shall be paid net of any charges (that is, without any deductions being made) in Thai Baht (converted into Japanese Yen at the time of T.T.Remittance) within thirty (30) days after Licensee's receipt of the Original Invoice. Any taxes, levies or other charges payable on the license fees or by reason of the payment thereof shall be to the account of the party to this Agreement in whose country such taxes, levies or other charges are due.