MURRUMBA DOWNS

CONFIDENTIALITY AGREEMENT GOVERNING ALL BUSINESSES LISTED WITH RAAS MANAGEMENT RIGHTS

In consideration of RAAS (being any or all of RAAS Property Group Pty Ltd and their respective business brokers) entering into discussions relating to the possible acquisition of the assets of any business(es) presented to me by RAAS, We/I hereby agree and undertake as follows:

1. To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
2. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by RAAS;
3. Not to make an approach to the Vendor of any business disclosed to me by RAAS, or the business’ staff, customers or suppliers without prior arrangement with RAAS and to refer all queries through RAAS;
4. We acknowledge that RAAS is the introducing broker, and that all offers and deposits for the business, shares or property will be conducted through that office.
5. If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to RAAS Property Group as the case may be;
6. If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify RAAS against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach.
7. That all information is received for no other purpose than the evaluation of the investment potential of the business;
8. If I decide not to proceed with the investment, I agree to immediately return to RAAS all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
9. the relevant Act for the State or Territory including but not limited to (Electronic Transactions Act 2000 No 8 (NSW), Electronic Transactions (Victoria) Act 2000, Electronic Transactions (Qld) Act 2001, Electronic Transactions Act 2011 (WA), Electronic Communications Act 2000 (SA), Electronic Transactions (Northern Territory) Act 2000, Electronic Transactions Act 2000 (Tas), Electronic Transactions Act 2001 (ACT)