The Parties wish to explore and study the possibility of a business opportunity relating to joint venture business of XXXX Project agreed by both Parties (the “Purpose”). Each Party may disclose to the other Party certain non-public or proprietary information which the Disclosing Party desires the Receiving Party to treat as confidential. Both Parties hereby accept and undertake that they shall strictly follow and comply with the confidentiality obligations, as well as other terms and conditions, set forth herein in all respects.