definiens: ) for the jointcommercial operation in Asia ( as defined below ) and the Middle East ( as defined below ) of 1,4 - butanediol ( ) manufacturing using the process and technologies developed by [COMPANY] ( the ) and agree to use allreasonable efforts to execute the Definitive Agreements by June 30, 2012 or such other date as otherwise agreed betweenthe parties, the execution of which shall be subject to ( i ) satisfactory result of feasibility study and/or due diligence to beconducted by each party, ( ii ) the approval of the respective management committee of each party, if any, and ( iii ) theapproval of the respective Boards of Directors of each party . The Definitive Agreements together with its ancillaryagreements will contain reasonable provisions of representations, warranties, indemnities, deadlock solution, exitprocedures, license conditions, and other provisions as the parties deem necessary and appropriate.2