9. General Provisions. 9.1 Consistent Reporting. Each party agrees to treat payment of the Investment Amount consistently for financial accounting purposes and tax reporting purposes. The parties shall reasonably coordinate and discuss proper treatment of such transactions. Founder (“Indemnitor”) agrees to indemnify, defend and hold The Project harmless from any tax liability, costs, expenses, liabilities, obligations, penalties, actions, judgments, suits, claims, and disbursements (including, without limitation, the reasonable fees and expenses of counsel for The Project in connection with any investigative, administrative or judicial proceeding) (collectively, “Losses”), which may be imposed on, incurred by, or asserted against The Project in any matter related to the tax treatment of the payment to The Project of the Investment Amount hereunder, including, without limitation, any and all liability for taxes, duties, levies (“Taxes”) on the Investment Amount as income to The Project and all Losses related to or arising from such Taxes. The parties acknowledge that the foregoing indemnification is limited exclusively to Losses that directly and solely relate to the countries tax treatment of The Project’s receipt of the Investment Amount and for no other Losses experienced by The Project, whether pursuant to this Agreement or otherwise. 9.2 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of Vietnam, exclusive of choice-of-laws provisions. 9.3 Assignment. No party may assign such party’s rights or obligations under this Agreement without the consent of all parties hereto. 9.4 Amendments; Waiver. No amendments, alterations or modifications of the agreement shall be valid, unless such amendments, alterations or modifications are expressly and in writing agreed upon by all parties. Any waiver of any provision of the Agreement in any form, shall not be effective unless made expressly and in writing. The failure of a Party to the Agreement to insist on performance of any of the terms, covenants or conditions of the Agreement shall not be construed as a waiver or relinquishment of any rights granted under the Agreement, nor shall it be construed as a waiver or relinquishment of any future performance of the terms, covenants or conditions.By signing below, each Founder indicates acceptance of the terms of this agreement in their entirety as of the date first written above, and represents and warrants to the Company and each other Founder that he has fully read and understood this agreement, and that to each Founder’s knowledge, no law or third-party obligation would prevent each such Founder from entering into and performing this agreement in full. For the convenience of the parties, this agreement may be executed electronically and in counterparts. Each counterpart shall be binding, and all of them shall constitute one and the same instrument.
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