This agreement protects the Company’s sourced opportunities and counterparties. Read in full to continue.
Spearhead Capital Group
Confidentiality & Non-Circumvention Agreement
Venezuela Opportunistic Real Estate Fund I · Spearhead CCS/Margarita SPV I
Draft — subject to review by counsel
This Confidentiality & Non-Circumvention Agreement (this “Agreement”) supplements the Non-Disclosure Agreement and is entered into by Spearhead Capital Group LLC and its affiliates (the “Company”) and the undersigned prospective investor (“Recipient”) as of the date of electronic execution below.
1.Protected Materials. In connection with evaluating an investment, the Company will disclose proprietary information including its asset pipeline, target properties in Caracas and on Isla de Margarita, valuations, the identities of sellers, brokers, lenders, operators, and other counterparties, and the structure and economics of the offering (collectively, the “Protected Materials”).
2.Permitted Use. Recipient shall use the Protected Materials solely to evaluate a potential investment in the Company’s vehicles and for no other purpose, and shall not use them to compete with, or to the disadvantage of, the Company.
3.Non-Circumvention. For a period of twenty-four (24) months following the date of this Agreement, Recipient shall not, directly or indirectly, alone or with or through any affiliate or third party, (a) contact, negotiate with, or transact with any seller, owner, broker, lender, operator, or counterparty first identified to Recipient through the Protected Materials, or (b) acquire, attempt to acquire, or assist any other person in acquiring any property or asset identified in the Protected Materials, in each case otherwise than through participation in the Company’s vehicles, without the Company’s prior written consent.
4.Non-Solicitation. During the same period, Recipient shall not solicit for employment or engagement any principal, employee, or contractor of the Company introduced to Recipient in connection with the offering, provided that general advertisements not specifically targeted at such persons are permitted.
5.Investor Acknowledgements. Recipient acknowledges that (a) any investment involves substantial risk, including the potential loss of the entire investment; (b) the Protected Materials include forward-looking statements and illustrative projections that are not guarantees and may not be realized; (c) U.S. sanctions affecting Venezuela are being modified but have not been fully lifted, and transactions remain subject to applicable law; and (d) Recipient is capable of evaluating and bearing the economic risks of such an investment.
6.No Reliance; Independent Diligence. Recipient will rely solely on its own investigation and on the definitive offering documents, and not on any summary, projection, or oral statement, in making any investment decision, and will consult its own legal, tax, and financial advisors.
7.Securities Law Restrictions. The Protected Materials are confidential and may not be reproduced or distributed. They do not constitute an offer or solicitation in any jurisdiction in which such an offer would be unlawful. Any securities described have not been registered under the Securities Act of 1933 and may not be offered or sold absent registration or an applicable exemption.
8.Term. The confidentiality obligations of this Agreement survive for three (3) years, and the non-circumvention and non-solicitation obligations survive for twenty-four (24) months, in each case from the date of execution.
9.Remedies. Recipient agrees that the Company would suffer irreparable harm from a breach of Sections 2–4 for which damages would be an inadequate remedy, and that the Company shall be entitled to seek specific performance and injunctive relief, in addition to all other remedies, without posting a bond.
10.Governing Law & Miscellaneous. This Agreement is governed by the laws of the State of Delaware. If any provision is held unenforceable, the remainder shall continue in effect and the unenforceable provision shall be reformed to the minimum extent necessary. Electronic acceptance and signature constitute valid execution.
End of Confidentiality & Non-Circumvention Agreement · Spearhead Capital Group