1. OBJECTIVES OF THE MOU

The objective of this Memorandum of Understanding is:a. To promote Products and Services Offered by Flowcentric and EBS in mutually beneficial

areas.b. To provide a formal basis for initiating interaction between Flowcentric and EBS.

2. PROPOSED MODES OF COLLABORATION

Flowcentric and EBS propose to collaborate through

a. Marketing the product and services offered by EBS by Flowcentric and the same would be done by EBS for Flowcentric service offerings.

b. A Single point of contact from both Flowcentric and EBS should be designated for interactions in areas of interest of both Flowcentric and EBS.

c. Any other appropriate mode of interaction agreed upon between Flowcentric and EBS.d. The business stakes in terms of commercials will be worked on a XXXX Ratio either side by

both the parties which will be decided on Mutual basis depending on the business.

3. AGREEMENTS FOR COLLABORATION

Each collaboration undertaken by the parties hereunder shall be initiated by the signing of a separate collaboration agreement between the parties, which will describe in detail:

a. the nature, scope and schedule of the collaboration.b. the form of the collaboration.c. the estimated cost of the collaboration together with the amount of funding, if any, to be

received from third parties.d. the treatment of intellectual property and data rights, including patents, industrial design

registration, copyrights and all other proprietary information (including innovations not patented, designs not registered etc.) which result from the collaboration or which belong to a party and are used in collaboration.

e. other provisions as may be mutually agreed upon, including provisions covering the consequences of default or termination by a participant, term, arbitration of disputes and applicable law.