EFFECTIVE REAL ESTATE, LLC

MUTUAL CONFIDENTIALITY AGREEMENT

This Agreement is made by and between Effective Real Estate LLC (*Company" having a principal place of business at 2212 PRIMROSE AVE, STE B, MCALLEN, TX 78504

Definition of Confidential Information "Confidential Information" as used in this Agreement shall mean any and all technical and non-technical information including patent. copyright. trade secret, and proprietary information, techniques, sketches, drawings, models, inventions, know-how, processes, apparatus, equipment, algorithms, software programs, software source documents, and formulae related to the current future and proposed products and services of each of the parties, and includes, without limitation, their respective information concerning research, experimental work, development, design details and specifications, engineering, financial information, procurement requirements, purchasing, manufacturing, customer lists, business forecasts, sales and merchandising. and marketing plans and information. "Confidential Information" also includes proprietary or confidential information of any third party who may disclose such information to either party in the course of the other party's business. Such information disclosed by the disclosing party ("Discloser") will be considered Confidential Information by the receiving party ("Recipient" only if such information is conspicuously designated as "Confidential", or if provided orally, identified as confidential at the time of disclosure and confirmed in writing within thinty (30) days of disclosure. 2.Nondisclosure and Nonuse Obligation. Each of the parties agrees that it will not make use of, disseminate, or in any way disclose any Confidential Information of the other party to any person. firm or business, except to the extent necessary for negotiations discussions. and consultations with personnel or authorized representatives of the other party, and any purpose the other party may hereafter authorize in writing. Furthermore, the existence of any business negotiations, discussions. consultations or agreements in progress between the parties shall not be released to any form of public media without written approval of both parties. Each of the parties agrees that it shall treat all Confidential Information of the other party with the same degree of care as it accords to its own Confidential Information, and each of the parties represents that it exercises reasonable care to protect its own Confidential Information. Each party agrees that it shall disclose Confidential Information of the other party only to those of its employees who need to know such information and certifies that such employees have previously agreed, either as a condition to employment or in order to obtain the Confidential Information to be bound by terms and conditions substantially similar to those of this Agreement. Recipient will immediately give notice to Discloser of any unauthorized use or disclosure of the Confidential Information. Recipient agrees to assist Discloser in remedying any such unauthorized use or disclosure of the Confidential Information

Mutual Confidentiality Agreement

Exclusions from Nondisclosure and Nonuse Obligations Each party's obligations under Paragraph 2 "Nondisclosure and Nonuse Obligations") with respect to any portion of the other party's Confidential Information shall not apply to information that the party seeking to avoid its obligation under such Paragraph can document: (i) was in the public domain at or subsequent to the time it was communicated to Recipient by Discloser through no fault of Recipient: (ii) was rightfully in Recipient's possession free of any obligation of confidence at or subsequent to the time it was communicated to Recipient by Discloser, (iii) was developed by employees or agents of Recipient independently of and without reference to any information communicated to Recipient by Discloser; or (iv) was communicated by the Discloser to an unaffiliated third party free of any obligation of confidence. A disclosure of Confidential Information (i) in response to a valid order by a court or other governmental body, (ii) otherwise required by law or (iii) necessary to establish the rights of either party under this Agreement, shall not be considered to be a breach of this Agreement or a waiver of confidentiality for other purposes: provided however, that the party disclosing such information shall provide prompt written notice thereof to the other party to enable it to seek a protective order or otherwise prevent such disclosure. Ownership of Confidential Information and Other Materials. All Confidential Information, and any Derivatives thereof whether created by Discloser or Recipient, remain the property of Discloser and no license or other rights to Confidential Information is granted or implied hereby. For purposes of this Agreement, "Derivatives" shall meam (i) for copyrightable or copyrighted material, any translation, abridgement, revision or other form in which an existing work may be recast, transformed or adapted; (ii) for patentable or patented material, any improvement thereon; and (iii) for material which is protected by trade secret. any new material derived from such existing trade secret material, including new material which may be protected by copyright, patent and/or trade secret. All materials (including without limitation, documents, drawings, models, apparatus, sketches, designs and lists) furnished to one party by the other, and which are designated in writing to be the property of such party, shall remain the property of such party and shall be returned to it promptly at its request, together with any copies thereof. Independent Development Discloser understands that Recipient may currently or in the future be developing information internally, or receiving information from other parties that may be similar to Discloser's information Accordingly. nothing in this Agreement will be construed as a representation or inference that Recipient will not develop products. or have products developed for it. that, without violation of this Agreement, compete with the products or systems contemplated by Discloser's Confidential Information

Site Visits - Any signatory of this agreement shall not engage with any principal directly or indirectly in relation to any property introduced, without express permission, by Effective Real Estate LLC or its agents.  Any signatory may also not independantly conduct any site visits, engage with any staff, employees, or contractors related to any properties introduced by Effective Real Estate LLC.

Liquidated Damages - Signatory agrees that any breach or violation of any provision of this agreement will result in $19,999.00 in liquidated damages to Effective Real Estate LLC. 

 

 

Disclosure of Third Party Information and Non-Circumvennion Neither party shall communicate any information to the other in violation of the proprietary rights of any third party. Non-Circurnvention. For a period of seven (7) years after the end of the term of this Agreement. the Recipient will not attempt to do business with, or otherwise solicit any business contacts found or otherwise referred by Owner to Recipient for the purpose of circumventing, the result of which shall be to prevent the Owner from realizing or recognizing a profit, fees or otherwise, without the specific written approval of the Owner shall be entitled to any compensation due pursuant to this Agreement or relating to such transaction. No Warranty. All Confidential Information is provided "AS IS" and without any warranty. express, implied or otherwise, regarding its accuracy or performance. No Export. Neither party shall export. directly or indirectly. any technical data acquired from the other pursuant to this Agreement or any product utilizing any such data to any country for which the U.S. Government or any agency thereof at the time of export requires an export license or other government approval without first obtaining such license or approval.

 

9.Term. This Agreement shall govern all communications between the parties that are made during the period from the effective date of this Agreement to the date on which either party receives from the other written notice that subsequent communications shall not be so governed. provided. however. that each party's obligations under Paragraph 2 ("Non disclosure and Non us Obligations") with respect to Confidential Information of the other party which it has previously received shall continue in perpetuity unless terminated pursuant to Paragraph 3 ("Exclusions from Nondisclosure and Nonuse Obligations" No Assignment The Other Party will not assign or transfer any rights or obligations under this Agreement without the prior written consent of Company. Notices Any notice required or permitted by this Agreement shall be in writing and shall be delivered as follows with notice deemed given as indicated: (i) by personal delivery when delivered personally: (ii) by overnight courier upon written verification of receipt: (iii) by telecopy or facsimile transmission upon acknowledgement of receipt of electronic transmission; or (iv) by certified or registered mail. return receipt requested. upon verification of receipt. Notice shall be sent to the addresses set forth above or such other address as either party may specify in writing. Governing Law. This Agreement shall be governed in all respects by the laws of the United States of America and by the laws of the State of Texas, without application of its conflicts of laws principles. The parties irrevocably consent to the non-exclusive personal jurisdiction of the federal and state courts located in Texas,

13. be illegal, invalid or unenforceable, the legality, validity and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby. 14. Recipient shall not operate or be construed as a waiver of any other or subsequent breach by Recipient. 15.Injunctive Relief A breach of any of the promises or agreements contained herein will result in irreparable and continuing damage to Company for which there will be no adequate remedy at law, and Company shall be entitled to injunctive relief and/or a decree for specific performance, and such other relief as may be proper (including monetary damages if appropriate 16.Entire Agreement. This Agreement constitutes the entire agreement with respect to the Confidential Information disclosed herein and supersedes all prior or contemporancous oral or written agreements concerning such Confidential Information This Agreement may only be changed by mutual agreement of authorized representatives of the parties in writing. IN WITNESS WHEREOF. the parties have executed this Agreement as of the date first written above.

Severability. Should any provisions of this Agreement be held by a court of law to

Waiver. The waiver by Discloser of a breach of any provision of this Agreement by