FILED: NEW YORK COUNTY CLERK 10/06/2023 07:03 PM
`NYSCEF DOC. NO. 4
`
`INDEX NO. 654929/2023
`
`RECEIVED NYSCEF: 10/06/2023
`
`Mutual
`
`Non-Disclosure
`
`Agreement
`
`This Mutual
`and betwee
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`its control.
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`is entered
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`the laws
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`the State
`including
`any company,
`a company
`its
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`L t\+
`_ and Company
`wish
`or
`have
`the
`process
`begun,
`begin,
`business
`in connection
`and
`with
`the same
`the parties
`each
`of
`relationship
`and/or
`has access
`to certain
`with,
`confidential
`information
`of
`the
`other
`information
`disclosed
`by either
`to the other
`wishto
`ensure
`due pr'otection
`
`party
`ofsuch
`
`("Disclosing
`information.
`
`Party")
`
`on thish
`of ½f
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`organized
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`. with
`its off
`or corporation
`under
`the
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`offices
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`by
`at
`under
`of
`the
`at
`
`("Company").
`of evaluating
`a potential
`future
`has been,
`and/or
`will
`be, provided
`party. With
`respect
`to any
`all
`and
`the parties
`Party"),
`
`("Receiving
`
`party
`
`Therefore,
`
`the
`
`parties
`
`bereby
`
`agree
`
`as follows:
`
`ackiNwledges
`
`Party
`nature
`
`1.
`it has received
`that
`and/or
`Receiving
`and
`the
`activities
`and
`business
`proprietary
`regarding
`subsidiaries
`and/or
`all whether
`in oral, written.
`affiliates,
`but
`not
`form,
`all
`limited
`business
`including,
`and
`(i)
`to,
`and employee
`data and information,
`information,
`including,
`for
`future
`products
`and
`new service
`offerings
`or pruducts,
`business
`forecasts,
`methods,
`budgets,
`finances,
`licensing,
`price
`figures,
`and
`prices
`and
`costs
`policies,
`profit
`pricing,
`and mailing
`lists
`and
`customers
`and
`databases,
`vendors,
`salaries
`and
`personnel
`intellectual
`files;
`(ii)
`property
`including
`for
`intellectual
`protection
`related
`and
`property
`information,
`(ii)
`processes
`and
`products,
`ideas,
`designs,
`know-how,
`drawings,
`improvements,
`developmental
`formulas,
`equations,
`methods,
`research
`discoveries.
`data,
`developments,
`designs,
`techniques,
`hardware
`related
`to the
`and/or
`future
`proposed
`products
`current,
`Information").
`
`graphic,
`financial
`without
`
`marketing
`collaboration
`
`receive
`information
`of a confidential
`may
`of Disclosing
`parent
`its
`Party,
`companies,
`or machine-readable
`or
`in any
`other
`form,
`data
`and
`customer
`data
`and
`information,
`limitation.
`plans
`research,
`development,
`plans
`and
`business
`plans.
`strategies,
`and development
`sales
`arrangements,
`habits
`and
`contact
`buying
`practices,
`potential
`business
`opportunities,
`trademarks,
`applications
`patents,
`and
`industrial
`and
`secrets,
`(iii)
`(whether
`or
`not
`patentable),
`research
`work,
`subjects
`and
`computer
`software
`devices,
`and
`instruments,
`and
`services
`"Confidential
`(collectively,
`
`information,
`clients
`identities,
`copyrights,
`trade
`secrets
`inventions
`or experimental
`
`For
`or obligation
`Disclosing
`representation
`
`the avoidance
`of doubt,
`nothing
`to disclose
`such
`information
`any
`Party's
`sole
`and
`absolute
`discretion.
`that
`the Confidential
`
`Information,
`
`herein
`shall
`to Receiving
`Furthermore,
`or any part of
`
`be deemed
`to impose
`on Disclosing
`duty
`any
`Party
`and such
`be at all
`disclosure
`shall
`Party,
`times
`at
`herein
`shall
`be deemed
`to create
`nothing
`is whole,
`accurate
`or correct.
`it,
`
`any
`
`shall
`be deemed
`not
`as Confidential
`is in the
`domain
`public
`the
`time
`at
`no
`breach
`
`Receiving
`from
`
`Party
`a third
`evidence
`
`information
`aforesaid,
`Notwithstanding
`of
`this
`if:
`Agreement,
`such
`information
`(a)
`enters
`the
`into
`public
`through
`domain,
`by
`such
`is
`information
`received
`(b)
`by
`Party
`Receiving
`or
`can show
`undertakings;
`(c) Receiving
`confidentiality
`Party
`documentary
`was
`in its possession
`at
`the time
`of disclosure,
`and Receiving
`so advised
`Party
`Disclosing
`Party
`upon
`or
`such
`information
`is independently
`disclosure;
`developed
`(d)
`without
`by Receiving
`Party
`reference
`to the Confidential
`Information
`by persons
`no access
`who
`had
`to the Confidential
`agreed
`is
`that
`obligations
`set
`in
`this
`forth
`Agreement
`shall
`not
`Information
`is compelled
`court
`or government
`law to disclose,
`that Receiving
`gives
`Disclosing
`so that
`a protective
`other
`order
`appropriate
`Disclosing
`in the event
`that
`order
`is not obtained,
`or other
`remedy
`that
`portion
`Information
`which
`is legally
`required,
`to obtain
`such
`for
`information.
`
`2.
`purposes
`
`subsequently
`hereunder
`
`or
`
`the
`
`of
`
`for
`or
`
`Information,
`of disclosure,
`its
`obligations
`exempt
`from
`information
`
`party
`that
`such
`
`it
`
`Further,
`Confidential
`applicable
`thereof
`provided
`furnish
`efforts
`
`only
`required
`
`the
`which
`Party
`Receiving
`provided.
`however,
`seek
`may
`Party
`protective
`that
`such
`of
`the Confidential
`confidential
`treatment
`
`by
`Party
`or
`
`immediately
`use of or
`Information.
`to
`respect
`to
`pursuant
`notice
`prompt
`further
`and
`shall
`all
`
`apply
`
`with
`action
`
`Party
`remedy,
`Receiving
`and
`shall
`
`Party
`exercise
`
`3.
`
`The Confidential
`
`Information
`
`shall
`
`be used
`
`by Receiving
`
`Party
`
`for
`
`the sole
`
`purpose
`
`of evaluating
`
`the
`
`

`

`INDEX NO. 654929/2023
`FILED: NEW YORK COUNTY CLERK 10/06/2023 07:03 PM
`a business
`of
`between
`the
`parties
`if
`the
`padies
`relationship
`do enter
`into
`possibility
`such
`and,
`business
`NYSCEF DOC. NO. 4
`RECEIVED NYSCEF: 10/06/2023
`of such
`the pmposeri
`for
`(the
`"Purpose").
`relationship,
`
`relationship
`
`her
`acknowledges
`4.
`the Confidential
`that
`is highly
`Information
`by
`Party
`and
`Receiving
`confidential,
`'t.
`shall
`at all
`treat
`undertakes
`and maintain
`the Confidential
`times,
`Information
`(i)
`as confidential,
`that,
`and
`such Confidential
`in trust
`and
`in strict
`Information
`all
`hold
`the same
`confidence,
`degree
`of
`care
`it
`utilizing
`confidential
`its own
`uses to protect
`in no event
`but
`less than
`information,
`a high
`degree
`of care;
`shall
`not
`(ii)
`the Confidential
`disclose
`to any
`third
`Information
`whether
`or not
`for
`not
`shall
`party,
`use
`consideration;
`(iii)
`Information
`for any
`purpose
`the Confidential
`than the Purpose,
`other
`or exploit
`the Confidential
`Information
`for
`the benefit
`of anyone
`its own
`for
`or
`else, without
`the prior
`written
`consent
`of Disclosing
`Party,
`to reverse
`including,
`or decompile.
`or allowing
`limitation,
`engineer,
`by
`disassemble,
`attempting
`others
`or
`engineer,
`in any manner,
`any Confidential
`disassemble,
`decompile,
`Information
`shall
`and (iv)
`not make
`the Confidential
`of
`any copies
`Information
`without
`the prior written
`Party;
`Party.
`of Disclosing
`
`benefit
`without
`reverse
`
`to
`
`Disclosing
`consent
`
`of
`
`consultants,
`(each,
`Party)
`provided
`that
`
`5.
`Confidential
`all
`hold
`to
`undertakes
`disclose
`to
`locked
`Information
`the
`and
`Party
`Receiving
`Confidential
`and
`of
`its employees
`to those
`Information
`consultants
`respect
`with
`to such
`(provided,
`only
`that disclosure
`consultant
`to any
`be made
`shall
`of Disclosing
`of written
`after
`receipt
`consent
`only
`have
`to be so informed
`in order
`to ensure
`its proper
`a "Representative")
`who
`and
`evaluation,
`are bound
`such
`Representatives
`by written
`and
`non-use
`undertakings
`towards
`confidentiality
`which
`also
`to the Confidential
`disclosed
`Information
`to Receiving
`under
`this
`Party
`and non-
`the obligations
`of confidentiality
`that
`be responsible
`for ensuring
`represents
`that
`it has instituted
`and
`policies
`by all Representatives,
`it
`and
`adequate
`the Confidential
`Information.
`Without
`protection
`for any
`shall
`bear
`harm caused
`to Disclosing
`full
`
`Party
`Receiving
`Agreement.
`Receiving
`use contained
`herein
`procedures
`which
`from the aforesaid,
`Reoeiving
`to Representatives.
`disclosure
`
`apply
`will
`Party
`are observed
`such
`provide
`
`Party
`
`for
`
`responsibility
`
`derogating
`Party
`
`by
`
`To the extent
`6.
`or
`notices
`le!ñids,
`each and every
`copy
`
`portion
`
`th,at any
`Party
`Receiving
`the Confidential
`of
`
`of
`shall
`
`Information
`the Confidential
`notices
`or
`not
`remove
`such
`by it.
`Information
`produced
`
`contains
`
`legends,
`
`and confidential
`proprietary
`the same
`and shall
`produce
`
`on
`
`Party's
`
`7.
`Upon
`Confidential
`well
`as
`Confidential
`all electronic
`
`any
`
`Discleing
`Information,
`notes,
`
`informatiog
`records-thereof,
`
`including
`or
`memoranda
`portion
`or any
`and shall
`
`shall
`return
`first
`demand,
`Party
`Receiving
`samples
`and
`products
`all
`received,
`records,
`which
`documentation
`other
`writings
`or
`or under
`in its possession
`whether
`thereof,
`in writing.
`so certify
`to Disclosing
`Party
`
`to
`Party
`Disclosing
`and any
`copies
`thereof,
`or
`pertain
`contain
`to
`and shall
`its control,
`
`all
`as
`the
`erase
`
`8.
`exclusive
`
`entrusting
`granting
`copyright,
`creating
`to offer
`
`property
`its own
`to Receiving
`know-how
`any obligadon7n
`service
`sale any
`for
`
`any
`
`Party
`
`title
`all
`The Confidential
`and
`Infonnation
`right,
`its parent
`companies,
`of Bisclosing
`Party,
`Infonnation
`Confidential
`to Disclosing
`or
`license
`by
`right,
`warranty
`Party
`or other
`form of protection
`or design
`rights,
`to enter
`the part
`of Disclosing
`or product.
`
`and
`
`interest
`subsidiaries
`Party).
`
`remain
`will
`therein
`affiliates
`and/or
`hereunder
`or otherwise
`or
`intellectual
`
`at all
`the
`times
`third
`(or any
`party
`be construed
`as
`may
`under
`patent,
`any
`or as
`property,
`or
`whatsoever
`
`relationship
`
`Nothing
`implication
`industrial
`of
`business
`
`into
`
`any
`
`agrees
`The Receiving*Party
`9.
`it shall
`thereafter
`year
`of one
`(1)
`the
`to leave
`the Disclosing
`
`Party
`
`that
`not
`
`during
`directly
`of
`employ
`
`course
`
`the
`or
`indirectly
`the Disclosing
`
`parties'
`
`entice
`
`of
`
`the
`
`solicit,
`Party.
`
`discussions
`induce
`
`or
`
`and
`
`any
`
`a period
`for
`employee
`
`of
`
`10.
`Party's
`agreement
`
`Disclosing
`obligations.
`11.
`
`No Receiving
`proprietary
`that
`Party may
`
`Party
`technology
`different
`contains
`use any
`
`is under
`or
`
`to provide
`obligation
`any
`any
`unless
`products.
`Nevertheless,
`still
`if a Disclosing
`terms,
`provided
`feedback
`such
`
`or
`advice
`parties
`the
`is provided
`any
`confidentiality,
`any
`
`feedback
`have
`
`regarding
`executed
`advice
`such
`compensation
`
`Disclosing
`a commercial
`or
`feedback,
`or other
`
`Party
`without
`
`Insofar
`
`as
`
`the
`
`protective
`
`covenants
`
`set
`
`forth
`
`in this
`
`Agreement
`
`are
`
`concerned,
`
`Receiving
`
`Party
`
`Montal NDA
`
`h tials
`
`Initials
`
`

`

`FILED: NEW YORK COUNTY CLERK 10/06/2023 07:03 PM
`-
`-
`3
`NYSCEF DOC. NO. 4
`
`INDEX NO. 654929/2023
`
`RECEIVED NYSCEF: 10/06/2023
`
`specifically
`necessary
`operations
`reasonable
`not
`does
`
`Disclosing
`
`acknowledges,
`protect
`the
`to
`and
`business
`and
`impose
`Party.
`
`necessary
`a greater
`
`as follows:
`and agrees
`and Confidentiality
`goodwill,
`property
`of Disclosing
`time
`and
`the
`Party;
`(ii)
`to protect
`and
`goodwill
`the
`operations
`restrain
`is necessary
`to protect
`the
`
`stipulates
`
`the
`than
`
`(i)
`
`protective
`the
`covenants
`of Disclosing
`Information
`duration
`the
`of
`protective
`business
`of Disclosing
`and
`goodwill
`or other
`business
`
`are reasonable
`and
`Party,
`covenants
`Party,
`interests
`
`and
`the
`is
`and
`of
`
`is provided
`Information
`or
`of
`completeness
`
`is"
`
`all
`
`12.
`Confidential
`for
`liable
`the
`accuracy
`Information
`constitutes
`to Receiving
`Party
`or any
`privacy,
`has
`aB rights
`and
`that
`such
`authorization.
`
`other
`
`necessary
`information
`
`representation,
`any
`with
`respect
`to the
`Party
`of
`rights
`third
`to disclose
`has
`
`"as
`with
`In
`faults.
`the Confidential
`Information.
`guarantee
`warranty,
`assurance,
`infringement
`of
`trademarks,
`that Disclosing
`except
`persons,
`the Confidential
`Information
`been
`
`not
`
`stolen,
`
`misappropriated,
`
`no event
`No
`or
`patents,
`represents
`Party
`as contemplated
`obtained
`
`shall
`Disclosing
`Party
`disclosure
`of Confidential
`inducement
`by Disclosing
`right
`copyrights,
`any
`and warrants
`that
`this
`Agreement
`by
`converted
`without
`
`or
`
`be
`
`of
`it
`
`13.
`harmed
`
`Disclosing
`Receiving
`shall
`Party
`performance
`
`and
`acknowledges
`recognizes,
`Party
`Receiving
`Party's
`obligations
`and
`undertakings
`if Receiving
`an adequate
`Party would
`not have
`at
`remedy
`undertakings.
`of
`such
`obligations
`and
`Party
`to seek and obtain
`be entitled
`an injunction,
`relief
`or any other
`appropriate
`equitable
`
`agrees
`Party
`Disclosing
`are
`not
`herein
`specifically
`law in the event
`of actual
`or
`Therefore,
`without
`bond,
`in any jurisdiction.
`
`that
`
`be irreparably
`may
`and
`that
`enforced,
`violation
`threatened
`by
`that Disclosing
`agrees
`Receiving
`Party
`to an appropriate
`or
`decree
`of specific
`
`All
`
`14.
`hereunder
`after
`its
`disclosed
`
`Disclosing
`
`and all
`he eunder
`rights
`Party's
`of Disclosing
`this
`entire
`the
`effect
`shall
`be in full
`term of
`for
`or
`expiration
`cancellation
`for
`termination,
`to Receiving
`under
`by Disclosing
`Party.
`
`Party
`
`Party
`
`of Receiving
`Agreement
`reason
`whatsoever,
`any
`this Agreement
`remains
`
`Party's
`and
`for
`
`and
`
`obligations
`undertakings
`of
`an unlimited
`period
`time
`information
`so
`as any
`long
`Confidential
`Information
`
`of
`
`Neither
`of
`the
`that
`
`I5.
`consent
`however
`undertakings
`
`assign
`any
`party may
`and
`other
`party,
`any
`in its
`each
`capacity
`party
`to any
`as a Receiving
`Party)
`
`under
`this Agreement
`or obligations
`rights
`shall
`assignment
`so approved
`not
`such
`assign
`its
`as a Disclosing
`Party may
`such Disclosing
`third
`party
`purchasing
`
`the prior
`
`without
`be null
`rights
`Party's
`
`and
`hereunder
`assets
`
`void;
`
`written
`provided
`(but
`not
`and activities.
`
`its
`
`with
`the parties
`between
`and
`agreement
`the entire
`constitutes
`Agreement
`16.
`This
`understanding
`thereto.
`respect
`with
`written
`or oral
`agreements
`all
`prior
`supersedes
`matter
`and
`subject
`to the
`hereof,
`authorized
`representative
`signed
`by a duly
`by written
`instrument
`except
`not be modified
`Agreement
`may
`power
`or
`of either
`right
`hereunder
`in exercising
`of
`forbearance
`hereto.
`each party
`No
`failure,
`any
`party
`delay
`as a
`or operate
`under
`this
`powers
`rights
`such
`party's
`and
`or diminish
`shall
`in any way
`restrict
`Agreement,
`In the event
`that
`it
`hereof.
`of conditions
`by either
`of any
`terms
`or nonperformance
`breach
`of any
`waiver
`party
`in this Agreement
`is invalid
`or
`set
`law that a certain
`provision
`forth
`any applicable
`be determined
`under
`shall
`as possible
`under
`and
`force
`to its terms
`to maximum
`provision
`be interpmted
`such
`shall
`law,
`unenforceable,
`shall
`be
`this Agreement.
`This
`Agreement
`of
`provisions
`not
`the
`shall
`affect
`such
`determination
`remaining
`with
`in connection
`this
`out
`of or
`of New
`and
`dispute
`York
`the State
`laws
`of
`governed
`the
`any
`arising
`by
`in the State
`the competent
`and
`courts
`of
`to the sole
`and exclusive
`jurisdiction
`submitted
`Agreement
`is hereby
`York.
`ofNew
`for
`the Southern
`District
`Court
`the U.S. District
`of New York
`or
`
`respect
`This
`of
`
`County
`
`In witness
`
`whereof,
`
`the parties
`
`have
`
`signed
`
`this Agreement:
`
`Title:
`
`Title:
`
`ú
`
`