This Confidentiality Agreement (“Agreement”) is entered into on 23 September 2015 between
(A) [] (“AA”) a company organized and existing under the laws of Thailand with its registered office at []; and
(B) Outgrow Energy Consult Company Limited (“OEC”) a company organized and existing under the laws of the Thailand with its registered office at 9/15 Work at Life, Soi Nawamin 36, Nawamin Road, Klong Kum Sub-District Bueng Kum District, Bangkok 10230, Thailand.
(and each of AA and OEC is a “Party” and collectively as the “Parties”).
RECITALS:
A. The Parties have discussed on the potential joint development and operation of biomass power plant located in Southern part of Thailand (the “Project”).
B. The Parties intend to disclose their confidential information with each other in furtherance of the Project, and so have therefore agreed to enter into this Agreement.
IT IS AGREED AS FOLLOWS:
1. In this Agreement, unless the context otherwise requires or expressly provides, the following words will have the following meanings:
“Affiliate” means, in respect of any person, any party that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, such person; and “control” (including the terms “controlling”, “controlled by” and “under common control with”) means the possession, direct or indirect, of the power to direct or cause the direction of the management, policies or activities of a person, whether through the ownership of voting securities, by contract or otherwise; and without limiting the foregoing, a person who owns directly or indirectly fifty percent (50%) or more of the voting securities of another person is to be considered as possessing the power to control such other person.
“Disclosing Party” means: AA with respect to all Information disclosed by AA or its Representatives, or OEC with respect to all Information disclosed by OEC or its Representatives.
“Information” means any information including any data, discussion, correspondence, information memoranda, reports (including financial reports), forecast, studies, analyses, interpretations, financial models or computer data, notes or other information that may have been or be prepared or disclosed, whether directly or indirectly, by the Disclosing Party or its Representative, whether in the past or during the term of this Agreement, orally, electronically, in writing or in any other medium, relating to any aspect of the Project or either of AA or OEC. In addition, the “Information” also includes: (i) information obtained by the Recipient or its Representative from participating in meeting or discussion in respect of the Project with any third party arranged for by AA or OEC or any of its Representatives (whether with or without the presence of AA or OEC or such Representatives); (ii) information obtained from discussion concerning the Project (which includes information regarding the Projects or any of their business activities), whether actual or prospective; (iii) any of the terms, conditions or other facts with respect to the Project, whether actual or prospective; (iv) valuations, opinions, feedback, analyses, other documents or other material prepared by AA or OEC or any of its Representatives; and (v) this Agreement.
“Recipient” means AA with respect to all Information disclosed to AA or its Representative, or OEC with respect to all Information disclosed to OEC or its Representative.
“Representative” means any officer, shareholder, employee, agent, financial advisor, legal or other advisor, lender or potential lender, or consultant of that person or its Affiliate.
In this Agreement, references to the plural will include the singular and vice versa.
2. The Recipient acknowledges and agrees that the Information is confidential and that the Recipient has no proprietary interest therein and that the Information, absolutely belonging to Disclosing Party or its Representative, will be treated as set out below.
3. Subject to clause 4 below, in consideration of the Disclosing Party making available the Information to the Recipient, the Recipient hereby irrevocably undertakes that it will, and will procure that its Representative will:
(a) keep the Information in its possession and hold the Information in confidence:
(b) not use any of the Information in any way other than for the Project;
(c) limit access to the Information to only such of its Representatives on a need-to-know basis for the furtherance of the Project; and
(d) not copy, reproduce, sell, assign, license, market, transfer or otherwise dispose of, give or disclose the Information to any third person (whether natural or juristic) without receiving: (i) a prior written consent from the Disclosing Party; and (ii) an agreement from each of such non-Recipient substantially in the form of this Agreement.
4. The Recipient undertakes that the withdrawal of the whole or any part of the Information from its possession by the Disclosing Party will not affect its obligations under this Agreement. However, the Recipient’s obligations in relation to the whole or any part of the Information will cease in relation to that portion of the Information that:
(a) is known by the Recipient at the time of its disclosure to it, and is not acquired directly or indirectly from the Disclosing Party or its Representative, other than directly or indirectly through any act of the Recipient or its Representative in breach of this undertaking, or any act of a third party which to the knowledge of the Recipient is in breach of a duty of confidentiality to the Disclosing Party; or
(b) is or subsequently becomes public knowledge, is in the public domain or is otherwise publicly available other than directly or indirectly through an act or default of the Recipient or its Representative; or
(c) is required to be disclosed to comply with any law or pursuant to an order of a court or any regulatory agency or body or pursuant to the rules of any Stock Exchange provided that if disclosure is required to be made pursuant to an order of the court or an administrative order of a regulatory agency, the Recipient will to the extent possible under law notify the Disclosing Party prior to making the disclosure and will cooperate with the Disclosing Party if it wishes to apply for a protective order.
5. The Recipient shall protect the Information by observing strictest confidentiality with regard thereto, and shall ensure the reasonable security and control of any Information which is in written or other tangible form (not including any Information in electronic form) by keeping it separated from all other tangible documents, records, data and materials and in the safekeeping at the Recipient and/or its Representative’s usual place of business. Without prejudice to the foregoing, the Recipient shall use the same degree of care but no less than a reasonable degree of care as it would use to prevent the unauthorized use, dissemination and republication of the Information as the Recipient uses to protect its own confidential information.
6. The Recipient shall ensure that each of its Representative is fully aware of and shall comply with the provisions of this Agreement as if such person were also a party hereto and without limiting for liability of such Representative, the Recipient will be liable to the Disclosing Party for any acts or omission of the Representative, as if such acts or omissions are the acts or omissions of the Recipients hereunder.
7. At the Disclosing Party’s request, the Recipient will at its own cost, within 7 business days promptly deliver or cause to be delivered to the Disclosing Party all papers, documents, data, photographic material, information stored on computer storage media and other material containing the Information or any specified part of it supplied to the Recipient or its Representative after the Recipient receives such request from the Disclosing Party, provided that:
(a) in the case of electronic data, if the Recipient determines in its reasonable opinion that it is not reasonably practicable to deliver the data to the Disclosing Party, the Recipient will erase the data or cause it to be erased and will confirm in writing to Disclosing Party that this has been done; and
(b) the Recipient may retain that portion of the Information that the Recipient is required to comply with regulatory requirements, however the Recipient must keep this Information confidential on the terms of this Agreement.
At the time of termination and expiration of this Agreement, the Recipient shall cease to have any access to the Information as well as shall terminate to apply or use the Information.
8. For the avoidance of doubt, nothing herein will be construed as a definitive binding offer in relation to the Project, nor the basis of any contract for, or any investment in the Project.
9. The Recipient accepts responsibility for the actions of its Representatives in respect of this Agreement.
10. Both Parties acknowledge and agree:-
(a) to notify the Disclosing Party immediately in writing if it becomes aware that the Information has been disclosed to an unauthorized third party;
(b) that there is no grant of any intellectual property rights in the Information;
(c) that the Parties may terminate discussions and negotiations in respect of the Project at any time;
(d) that the Disclosing Party does not make any representation or warranty as to the accuracy, completeness or otherwise of the Information supplied;
(e) that:
(i) no single or partial exercise of or failure or delay by the Disclosing Party in exercising any right, power or privilege to which it is entitled will operate as a waiver of, or impair or preclude any other or further exercise;
(ii) the terms of this Agreement and the obligations of the Parties may only be:
(aa) waived by the Parties in writing; and
(bb) varied in writing signed by Disclo