memorandum of agreement
this memorandum shall serve as an addendum to contract no.
1.taxation responsibilit inc.shall be responsible for income tax incurred within the operating territory in accordance with applicable tax laws.
based on mutual agreement, inc.shall bear 00% of the total contract value as tax.for the remaining 00%, both nono corporation and inc.shall jointly pursue exemption procedures.if the exemption is not granted, nono corporation shall cover the remaining amoant.this may be settled either through direct reimbursement or as part of the cost of goods supplied by nono corporation to inc., to be completed within three 00 months after inc.s initial tax payment.
2.verification test of contracted product
both parties agree to conduct a verification test of the contracted product at a mutually agreed location within 00 months from the date nono corporation receives all relevant technical documentation from inc..
the product subject to testing shall consist of fully assembled components.
a sample will be built by inc., utilizing the same parts and structure intended for commercial use.
inc.shall also provide a test outline and required documentation.
the specific criteria for evaluation shall be jointly determined by both parties.
3.technical support provision
to support conversion of technical data, inc.agrees to provide nono corporation with 00 cad (computer-aided design) workstation free of charge.the value of the workstation shall be up to usd $ , with the final model and specification mutually agreed upon.
any costs exceeding this amoant shall be borne by nono corporation.
date
representative (signature)
representative (signature)
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