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NON-DISCLOSURE AND CONFIDENTIALITY AGREEMENT
This agreement ("Agreement") is made and entered into between the undersigned, its officers, directors, partners, employees, agents and advisors ("Buyer") and Business World Brokers, Inc., a Colorado corporation ("BWB") for the benefit of BWB and a presently undisclosed seller ("Seller").
In connection with the possible acquisition of a Seller presented to Buyer by BWB, BWB may be furnishing Buyer with information regarding Seller, including, but not limited to its financial condition, operations and prospectus of the company. In consideration of obtaining this proprietary information, Buyer agrees that:
1. Buyer acknowledges that BWB represents Seller.
2. All the proprietary information furnished by BWB or Seller to Buyer is confidential. Unauthorized disclosure of said information shall cause substantial and irreparable damage to BWB and Seller.
3. Unless the parties hereto agree otherwise in writing, Buyer will not disclose or reveal any proprietary information, or the fact that Seller has been proposed for sale, for five (5) years from the date of signing to any person(s) or entity(s), other than Buyer’s employees or representatives who are directly participating in the evaluation of this information for any purpose other than in connection with the proposed acquisition or except as required by law.
4. If Buyer does not wish to pursue the proposed acquisition at any time, Buyer will immediately advise BWB of this fact and return to BWB and/or Seller all proprietary information without keeping copies of it.
5. Buyer understands that BWB and Seller may include in this proprietary information certain information in connection with Buyer’s due diligence and investigation, and BWB does not make any representation of warranty as to its accuracy or completeness.
6. In consideration of any information furnished and presented to Buyer of the places of business listed with BWB as being available for sale or lease, Buyer agrees that should it buy, lease or come into possession of any such business within one (2) year from the date below, that Buyer will notify Broker. Buyer understands that the Broker has a listing agreement or contract with the owner of any business listed with BWB, which listing agreement provides for a commission payment. Buyer understands that, if it interferes in any way with the Broker's contractual right to a commission from Seller, Buyer may be personally liable for the payment of that commission. Buyer understands that, should it become a manager or connected with any of the businesses listed, or should it buy, lease or rent any premises listed, then a commission will be due the Broker from Seller.
7. Buyer shall not reveal any information regarding Seller or any business listed by BWB to any broker, intermediary, lending institution, prospective equity partner, or other source without the specific prior approval of BWB.
8. All information provided shall be used for the sole purpose of evaluating an acquisition or joint venture decision and shall not at any time, or in any manner, be utilized for any other purpose. Buyer shall promptly advise BWB when its investigations or negotiations are completed and will immediately return all information furnished, in whatever form, without retaining copies, summaries or extracts, thereof unless and until any closing by Buyer and Seller has occurred.
9. Buyer shall not contact the Seller's banker, accountant, attorney, employees, suppliers, competitors, customers or others who might have information concerning Seller without written permission of BWB. Buyer will not contact Seller directly unless and until authorized by BWB.
10. All communications or other notices to be provided pursuant to or in connection with this Agreement shall be sent to the parties of this agreement.
11. All questions concerning the validity, interpretation, and application of this Agreement and the performance of any obligations thereunder shall be governed by the laws of the State of
Colorado, without regard to its conflict of law rules.
12. In the event of any litigation between the parties hereto concerning this Agreement and the enforcement hereof, to prevailing party in such action shall be entitled to receive from the defaulting party all reasonable costs and expenses including, without limitation, reasonable attorneys’ fees incurred by the prevailing party in such action.
13. This Agreement is the complete and exclusive statement of the understanding between the parties hereto regarding the subject matter hereof and may be amended only in a writing signed by both parties. This Agreement supercedes all prior or contemporaneous communications and any and all prior agreements regarding the subject matter hereof. It may not be assigned by either party.
Agreed to and accepted this ____ day of ___________________, 2009.
BUYER:
By:_______________________________________
Name: Business World Brokers Associate
Title: Please fax back 970 -704-1115
Street Address:
City, State Zip Code:
Email:
Phone:
Fax:
Confidential Purchaser Profile
(Individual Purchaser)
?xml:namespace>
Name:__________________________________ Spouse/Partner: _________________________
Mailing Address: _______________________________________________________________
_______________________________________________________________
Home Phone: _____________ Business Phone: ________________ Cell Phone: ____________
Fax: _______________ Email: __________________________ Other____________________
?xml:namespace>
How did you first hear about Business World Brokers, Inc.? ____________________________________
Reason for acquiring a business: __________________________________________________________
_____________________________________________________________________________________
Desired date to take possession: __________________ Preferred geographic location: _______________
Prior business experience/education: _______________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Have you ever owned a business before? _________ If yes, what type?__________________________
What type of businesses would interest you? _________________________ ______________________
__________________________ _____________________________ ___________________________
Desired annual income: __________________
Will anyone assist you in the business operations? _______ If yes, relationship_____________________
FINANCIAL INFORMATION-
How much have you allocated for a down payment? Low: $_____________ Maximum: $____________
Source of down payment: _________________________ Present Net Worth: ______________________
Is down payment available today? ______ If not, when will it become available?___________________
Are additional sources of financing in place? _____ If yes, describe: ____________________________
_________________________________________________________________________________
Confidential Purchaser Profile
(Individual Purchaser)
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Assets |
Income
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Cash (on hand in bank)
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$
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Salary
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$
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Publicly Traded Securities
|
$
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Dividends & Interest
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$
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Accounts, Loans, Notes Receivable
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$
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Bonuses & Commissions
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$
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Cash Surrender Value of Life Insurance
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$
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Real Estate Income
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$
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Value of Business Owned
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$
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Other income: (itemized)
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$
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Home/Real Estate
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$
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?xml:namespace> |
$
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Automobiles (How Many_______)
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$
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?xml:namespace> |
$
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Household Furnishings & Personal Effects
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$
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Total Income
?xml:namespace> |
$
?xml:namespace> |
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Other Assets (itemized):
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$
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Other Key Financial Information
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Total Assets |
$
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?xml:namespace> |
Liabilities
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?xml:namespace> |
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Notes Payable
|
$
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?xml:namespace> |
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Home Mortgage
|
$
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?xml:namespace> |
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Other Real Estate Liens
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$
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?xml:namespace> |
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Other Liabilities (itemized)
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$
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?xml:namespace> |
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?xml:namespace> |
$
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?xml:namespace> |
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?xml:namespace> |
$
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?xml:namespace> |
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?xml:namespace> |
$
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?xml:namespace> |
Total Liabilities
|
$
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?xml:namespace> |
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NET WORTH:
|
$
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Are you a
United States citizen: ____________________________
Have you ever filed for Bankruptcy? ð Yes ð No If so, when? ________________
What Type? ð Chapter 7 ð Chapter 11
Describe the circumstances: ______________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
The undersigned herby acknowledges and certifies that the proceeding information is true and correct to the best of his/her knowledge
Signature_____________________________ Signature________________________________
Social Security # XXXXXXXXXXXXXXXX Social Security #XXXXXXXXXXXXXXXXXX
Birth Date _______________________ _____ Birth Date_______________________________
Please fax back to Business World Brokers, Inc. at 970-704-1115
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