NON-DISCLOSURE AND NON-CIRCUMVENTION AGREEMENT
AGREEMENT dated as of the 9th day of December 2008, by and between Capital View Partners, LLC, aFlorida corporation (“CVP”) and MB&A Holdings, Inc., a Delaware corporation and Regency Capital Group (the“Company” or “Companies”).W I T N E S S E T H:WHEREAS, CVP may introduce one or more parties to the Company for the purpose of potential business transactions (each person or entity so introduced to the Company or CVP by the other party is an“Introduced Party”, and together, the “Introduced Parties”), and the Company and CVP is desirous of having theother party make such introductions;WHEREAS, in connection therewith, the Company and CVP (collectively the “Parties”) may provide oneanother with confidential information concerning their respective businesses and with the identity of IntroducedParties (“Confidential Information”);WHEREFORE, the parties do hereby agree as follows:
1.
If any party (the “Receiving Party”) receives Confidential Information from any other party (the“Disclosing Party”), regardless of the form of such Confidential Information, the receiving party agrees to holdsuch Confidential Information in confidence in the same manner as it treats its own confidential information, andnot disclose such Confidential Information to any third party without the prior approval of the disclosing party; provided, however, that the receiving party may disclose such Confidential Information to its consultants, professional advisors, and others who have a legitimate interest in the evaluation of a proposed transaction; provided further, however, that the receiving party shall advise such other persons of the confidential nature of thematerial being disclosed and the terms of this Agreement. The Parties will not be allowed to circumvent eachother and enter into any business transaction with the Introduced Party without the other Parties written approval.
2.
Each of the Parties agrees to use Confidential Information disclosed to such each other only for the purposes of evaluating a proposed transaction(“Transaction”). Nothing in this Agreement shall be construed inany manner as a license to use Confidential Information for any other purpose.
3.
In the event that aTtransaction is not completed by ______, 2009,or if requested by the other party,
each party shall return to the other party or destroy, as the other party shall reasonably request, any ConfidentialInformation received by such party.
4.
The Receiving Party’s obligations of confidentiality as set forth in this Agreement shall not apply to anyinformation or material which the Receiving Party can demonstrate:
(a)
Was in the lawful possession of the Receiving Party without any confidentiality restrictions prior to the introduction by the Disclosing Party(and the Receiving Party must immediately notify the DisclosingParty of such fact upon submission, silence deemed acceptance of the Confidential Information as proprietaryfrom the Disclosing Party
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