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A. Party A is a company, duly established and incorporated under the laws of Japan since September 18, 1965, having address of head office at 1F, Nakazono Building, 100-1-2 Kaminabe, Higashi Ward, Kumamoto, Kumamoto Prefecture, Japan and currently owns a system of stores and factories for high quality laundry in Japan, and is also the franchisor of more than 13,000 franchising stores of high quality laundry in the brand-name “WHITE EXPRESS” in Japan and other countries over the world;B. Party B is a company, duly established and incorporated under the laws of Vietnam since March 31, 2006, having address of head office at 111 Dang Dung, District 1, Ho Chi Minh City, Viet Nam, whose dry clean operation operates mainly in areas of hotels and resorts, restaurants, and having significant financial capacity and experience in investment and conducting business in Viet Nam.C. Party A and Party B desire to cooperate to bring the high quality laundry business under the brand-name “WHITE EXPRESS” to Viet Nam.
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