NONDISCLOSURE AGREEMENT

This Nondisclosure Agreement ("NDA") is dated as of ______________, 20__ and is entered into by and between YOUR COMPANY NAME, and its subsidiary companies, hereinafter "YOUR COMPANY NAME" located at YOUR ADDRESS and [Name and Address] _________________

_____________________________________________________________________, hereinafter "Recipient".

A. The mutual objective of the parties hereto is to provide appropriate protection for Confidential Information (as defined herein) while maintaining the ability to conduct respective business activities.

B. Recipient seeks to receive confidential information from YOUR COMPANY NAME to determine the feasibility of establishing and/or maintaining a business relationship with YOUR COMPANY NAME.

C. Each of the parties wish to enter into this NDA to ensure that the terms and conditions hereof apply when YOUR COMPANY NAME discloses Confidential Information to Recipient under this NDA.

NOW, THEREFORE, for good, valuable and binding consideration the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:

1. Definition of Confidential Information

The term "Confidential Information" includes, among other things, all business strategies, formulae, notes, analyses, compilations, studies, interpretations or other documents prepared by YOUR COMPANY NAME or its representatives which contain, reflect or are based upon any information furnished to Recipient or its representatives pursuant hereto. The term "Confidential Information" does not include information which (i) is or becomes generally available to the public other than as a result of a disclosure by Recipient or its representatives, (ii) was rightfully within Recipient’s possession prior to its being furnished by or on behalf of YOUR COMPANY NAME pursuant hereto or is disclosed to Recipient by another party without obligation of confidentiality, (iii) becomes available to Recipient on a nonconfidential basis from a source other than the YOUR COMPANY NAME, or (iv) is developed independently by Recipient.

Recipient’s obligations shall only extend to Confidential Information that is clearly marked as confidential at the time disclosed or, if orally disclosed, is orally identified as confidential at the time disclosed. Confidential Information may be disclosed:

q in writing;

q by delivery of tangible things;

q by initiation of access to information, such as may be contained in a computerized data base; or

q by oral and/or visual presentation.

2. Use of Confidential Information

Recipient agrees that it will keep the Confidential Information confidential and use it solely for the purpose of evaluating a possible transaction between the Recipient and the YOUR COMPANY NAME.

3. Standard of Care

Recipient agrees to use the same care and discretion to avoid disclosure, publication or dissemination of the YOUR COMPANY NAME’s Confidential Information as it uses with its own similar information that it does not wish to disclose, publish or disseminate. Notwithstanding the foregoing, Recipient may (i) make any disclosure of such information to which YOUR COMPANY NAME gives its prior written consent, and (ii) disclose any such information to Recipient’s representatives who need to know such information for the purpose of evaluating a possible transaction with YOUR COMPANY NAME and who agree for the benefit of Recipient and YOUR COMPANY NAME to keep such information strictly confidential.

4. Duration of Confidentiality Obligation

Confidential Information disclosed pursuant to this NDA will be subject to the terms of this NDA for two years upon the conclusion of any business relationship, the anticipation of which necessitated this NDA, or, if no business relationship develops, for two years following the date hereof.

5. Nondisclosure of Relationship of Possible Transaction

Each of the parties hereto agrees that, without the prior written consent of the other, it will not disclose to any person or entity the fact that Confidential Information has been made available hereunder, that discussions or negotiations are taking place concerning a possible transaction involving the parties hereto, or otherwise disclose any of the terms, conditions or other facts with respect hereto, including but not limited to the status thereof.

6. Mandatory Disclosure

Notwithstanding any other provision hereof, in the event that Recipient is requested or required (by oral questions, interrogatories, requests for information or documents in legal proceedings, subpoena, civil investigative demand or other similar process) to disclose any of the Confidential Information, Recipient shall provide YOUR COMPANY NAME with prompt written notice of any such request or requirement so that YOUR COMPANY NAME may seek a protective order or other appropriate remedy. If, in the absence of a protective order or other remedy, Recipient is nonetheless legally compelled to disclose Confidential Information, Recipient may, without liability hereunder, disclose that portion of the Confidential Information which is legally required to be disclosed, provided that Recipient exercises reasonable efforts to preserve the confidentiality of the Confidential Information, including, without limitation, by cooperating with the YOUR COMPANY NAME to obtain an appropriate protective order or other reliable assurance that confidential treatment will be accorded the Confidential Information.

7. Return of Confidential Information

If either party decides that it does not wish to proceed with a transaction with the other, it will promptly give notice of that decision in writing. In that case, or at any time upon the written request of the YOUR COMPANY NAME for any reason, Recipient will promptly deliver to YOUR COMPANY NAME all documents (and all copies thereof) furnished to Recipient by or on behalf of YOUR COMPANY NAME pursuant hereto. In the event of such decision or request, all other Confidential Information prepared by YOUR COMPANY NAME shall be destroyed and no copy thereof shall be retained. Notwithstanding the return or destruction of the Confidential Information, the parties hereto will continue to be bound by their obligations of confidentiality and other obligations hereunder.

8. No Representation

Although the parties hereto have endeavored to include in the Confidential Information information which they believe to be relevant for the purpose of the mutual evaluation of a possible transaction between the parties hereto, neither makes any representation or warranty as to the accuracy or completeness of the Confidential Information.

9. No License

Neither this Agreement nor any disclosure of information hereunder grants the Recipient any right or license under any trademark, copyright or patent now or hereafter owned or controlled by the YOUR COMPANY NAME.

10. No Restriction on Normal Business Activities

So long as the Recipient complies with the terms hereof, the receipt of Confidential Information pursuant to this NDA will not preclude the Recipient from providing to others products or services which may be competitive with products or services of the YOUR COMPANY NAME or providing products or services to others who compete with the YOUR COMPANY NAME.

11. Non-Competition

Without the prior written consent of YOUR COMPANY NAME, Recipient will not directly or indirectly solicit for employment any person employed by YOUR COMPANY NAME or connected with the operation of YOUR COMPANY NAME’s business for the following periods: if no transaction(s) between YOUR COMPANY NAME and Recipient or any of Recipient’s subsidiaries or affiliates result, for a period of one (1) year from the date hereof; or, for a period of one (1) year after the conclusion of all business relations between YOUR COMPANY NAME and Recipient or any of Recipient’s subsidiaries or affiliates. Further, Recipient understands that all of YOUR COMPANY NAME’s employees have contractual obligations that prohibit them from entering into employment relationship with businesses that YOUR COMPANY NAME at its sole discretion determines to be competitors.

12. General Provisions

This NDA does not require either party to disclose or to receive information or to enter into a transaction.

Neither party may assign, or otherwise transfer, its rights or delegate its duties or obligations under this NDA without prior written consent. Any attempt to do so is void.

Recipient agrees to comply with all applicable laws, rules and regulations relevant to the Confidential Information, including but not limited to government export and import laws and related regulations.

Either party may terminate this NDA by providing ten (10) days’ prior written notice to the other. The provisions of this NDA which by their nature extend beyond its termination shall remain in full force and effect until fulfilled, and shall apply to respective successors and assignees.

No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any right, power or privilege hereunder.

It is further understood and agreed that money damages would not be a sufficient remedy for any breach of this NDA and that the parties shall be entitled to equitable relief, including but not limited to injunction and specific performance, as a remedy for any such breach. Such remedies shall not be deemed to be the exclusive remedies for a breach of this NDA but shall be in addition to all other remedies available at law or equity.

This NDA shall be governed by and construed in accordance with the laws of the State of North Carolina, without giving effect to its conflict of laws principles or rules.

This NDA contains the entire agreement between the parties concerning the subject matter hereof and no modification or amendment of this NDA or of the terms and conditions hereof will be binding upon either of the parties unless signed by both parties.

IN WITNESS WHEREOF, the Parties hereto have caused their duly authorized and empowered agents to execute this NDA on and as of the date first hereinabove written.

YOUR COMPANY NAME

By:_____________________________ ______________________________

Name:__________________________ Name:________________________

Title:___________________________