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MUTUAL NON-DISCLOSURE AGREEMENT WITH NON-CIRCUMVENTION PROVISIONSThis Mutual Non-Disclosure Agreement (“Agreement”) is made as of April 7th, 2017 (“Effective Date”) by and between XXX Company, a XXX Company, with the commercial registration XXXX, and its registered address at XXX (“XXX”), and XXXXXX, a XXXcompany with its registered address at XXXX (“Company”).Statement of Purpose In analysis of a possible transaction involving the development and realization of certain Real Estate transactions within the Kingdom of Bahrain (the “Projects”) which have been identified by UXB and to determine if the Parties wish to cooperate on such Projects in any capacity whatsoever. The party receiving or learning such Confidential Information is referred to herein as the “Receiving Party,” and the party disclosing such Confidential Information is referred to as the “Disclosing Party.” In consideration of furnishing the other party with Confidential Information, the mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:Definition of “Confidential Information”. Confidential Information. For purposes of this Agreement, “Confidential Information” means all information that is not generally known, in whatever form, disclosed by a Disclosing Party to a Receiving Party or learned as a result of such disclosure, including information about a Disclosing Party’s finances, costs and pricing; and the Disclosing Party’s actual or potential employees, vendors or customers; competitive and market conditions; and any other information which is not generally known to others. Exceptions. Confidential Information does not include information that: (i) is, or later becomes generally known other than as a result of misappropriation or a breach of this Agreement; (ii) is in the possession of the Receiving Party without restriction prior to its receipt from the Disclosing Party, as
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