• Confidentiality Agreement Selling Client # RL5199

    This Confidentiality and Non-Disclosure Agreement (this “NDA”) is between AB&C Brokerage, LLC dba Arthur Berry & Company (“ABC”) and the undersigned potential buyer (“Potential Buyer”), together with any Potential Buyer employees, agents, directors, officers, potential co-investors, portfolio companies, consultants, attorneys, accountants, prospective bank or institutional lenders, other financing sources, or other representatives who receive Confidential Information (collectively, “Representatives”), about the following ABC client (the “Client”): Client # RL5199. The term of this NDA shall commence on the date of signature below, and shall continue for 24 months from any termination of this Agreement (the “Term”).

    1. Confidential Information. For purposes of this NDA, “Confidential Information” includes any confidential, non-public, or proprietary information concerning the Client, including, but not limited to, the Client’s identity and the fact that the Client is considering a potential transaction (collectively, “Confidential Information”). Confidential Information does not include information that: (a) was known to Potential Buyer prior to disclosure by ABC and/or Client; (b) has become publicly known through no fault of Potential Buyer; (c) was disclosed to Potential Buyer by a third party having no known restriction, after reasonable inquiry, on use or disclosure; (d) was independently developed by Potential Buyer without use of Confidential Information; or € Potential Buyer is required by law to disclose, so long as Potential Buyer gives ABC and the Client prompt written notice of such request such that ABC or Client can intervene in such legal action.

    2. Protection and Use. Potential Buyer acknowledges that unauthorized disclosure or use of any Confidential Information may cause the Client irreparable harm and significant injury. Potential Buyer and its Representatives shall keep the Confidential Information confidential, and not disclose, reproduce, or otherwise discuss or make available all or any part of the Confidential Information in any form to any person or entity without written consent from the Client. Potential Buyer shall use the Confidential Information solely for the purpose of evaluating a potential acquisition of the Client (the “Acquisition”) and shall not use any Confidential Information in a way that is detrimental to ABC or the Client. Potential Buyer agrees that it will not use Confidential Information to solicit any of Client’s employees, customers, or suppliers. Any Representatives that receive Confidential Information shall assume the same obligations as Potential Buyer under this Agreement, and Potential Buyer hereby assumes full responsibility for any breach of this NDA by its Representatives. Confidential Information shall not be reproduced in any form except for internal use by Potential Buyer and its Representatives.

    3. No Representations or Warranties. Potential Buyer acknowledges and agrees that neither ABC nor the Client makes any representation or warranty, express or implied, as to the accuracy or completeness of all or any part of the Confidential Information, and that neither ABC nor the Client will have any liability to Potential Buyer as a result of the use of Confidential Information or any errors therein. No rights or obligations other than those expressly recited herein are to be implied.

    4. Return, Delete, and Destroy. Potential Buyer agrees to immediately return all tangible Confidential Information and to delete and destroy all electronic Confidential Information and duplicates thereof upon Client’s demand or termination of this NDA, whichever occurs first. Potential Buyer may, however, retain Confidential Information (whether paper or electronic) as required by applicable law and shall not be obligated to destroy electronically stored information contained in an archived computer system back-up in accordance with security and/or disaster recovery procedures, as long as such Confidential Information remains confidential in accordance with the terms of this NDA for the duration of its retention.

    5. Resolution Process. This NDA shall be construed in accordance with the laws of the State of Idaho without regard to any conflict of laws principles. The parties agree that any controversy or claim relating to this NDA shall be subject to binding arbitration under the Federal Arbitration Act, administered under the applicable rules of the American Arbitration Association, and held in Boise, Idaho. The prevailing party, as determined by the arbiter’s award, shall receive reimbursement from the non-prevailing party for all expenses and attorneys’ fees incurred in enforcing any rights herein. The parties agree not to initiate any complaint, review, post, claim, or accusation(s) in any format whatsoever, including verbally and online, without first complying with the requirements of this Section 5. Notwithstanding the foregoing, in the event of Potential Buyer’s breach or threatened breach of this NDA, Client shall be entitled, without posting any bond or security, to seek injunctive or other equitable relief in an Idaho court of competent jurisdiction. The provisions of this Section shall survive termination or expiration of this Agreement and shall be binding upon the successors and assigns of Potential Buyer.

    6. Cooperation. Potential Buyer agrees to reasonably cooperate with ABC in providing information requested regarding the Acquisition, and Potential Buyer agrees not to prevent ABC’s participation and attendance at the closing of the Acquisition. Upon the closing of the Acquisition, Potential Buyer agrees that ABC may claim appropriate credit (via a tombstone and/or press release) within a reasonable and customary timeline.

    7. Portfolio Company. In the event Potential Buyer maintains portfolio companies or is in the business of managing investments, Client and ABC acknowledge that nothing in this NDA shall limit the activities of any portfolio or affiliated company (collectively, “Buyer Companies”) of Potential Buyer so long as Confidential Information is not provided to any such Buyer Companies and the Buyer Companies are not acting at the direction of or on behalf of Potential Buyer or its Representatives with respect to any matter contemplated by this NDA. Potential Buyer hereby affirms he/she/it is inquiring and accepting Confidential Information only on behalf of Potential Buyer’s own interests and not that of any undisclosed party or company.

    8. Miscellaneous. Potential Buyer acknowledges, agrees and hereby accepts that the Client is the intended party and beneficiary whose rights are being protected and may enforce the terms of this Agreement as if it were a party to this Agreement. ABC may also enforce this Agreement to the extent of its rights pursuant to this Agreement. This NDA constitutes the entire agreement of the parties regarding the subject matter hereof, and supersedes all prior or contemporaneous oral or written agreements or discussions with respect to such subject matter. This NDA cannot be amended or modified except in a writing that is signed by all parties. This NDA is binding upon and inures to the benefit of the parties hereto and their respective successors and permitted assigns. Potential Buyer shall not be permitted to assign or delegate all or any portion of this NDA without the Client’s prior written consent. This NDA may be executed electronically and/or in counterparts, each of which shall be deemed an original for all purposes hereunder, and all of which, taken together, shall constitute execution and delivery of one and the same agreement.

    Acknowledgement of receipt of Client NDA #RL5199 on date noted below:

    By: Randy Limani
    Broker/Managing Member, AB & C Brokerage LLC

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