Confidentiality Agreement

COMMERCIAL REALTY SERVICES
Affiliate Offices Albany, NY Ann Arbor, MI Atlanta, GA Atlantic City, NJ Bethesda. MD Chicago, IL Cleveland, OH Columbia, MD Dallas, TX Denver, CO Des Moines, IA Detroit, MI Fort Worth, TX Harrisburg, PA Indianapolis, IN Irvine, CA Las Cruces, NM Long Island, NY Los Angeles, CA Manhattan Marin County, CA Maryland Mesa, AZ Minneapolis, MN New York, NY Norfolk, VA Northern NJ Ohio Oklahoma City, OK Omaha, NE Orange County, CA Oregon Pennsylvania Philadelphia, PA Phoenix, AZ Portland, OR Reno, NV San Antonio, TX San Bernardino Cty, CA San Francisco, CA San Rafael, CA Scottsdale, AZ Sherman Oaks, CA Southwest Washington St. Paul, MN Tempe, AZ Victorville, CA Virginia Beach, VA Washington, DC Wilkes‐Barre, PA Wilmington, DE International Australia Belgium Canada China Cyprus France Germany Greece India Mexico Romania Switzerland United Kingdom CONFIDENTIALITY AGREEMENT To receive additional information on this property ‐ including pricing and rent roll ‐ please fill out and sign the attached Confidentiality Agreement and return it via fax or email to: Jim Burnap Beitler Commercial Realty Services Email: [email protected] Fax: 310‐447‐7224 825 S. Barrington Avenue  Los Angeles, California 90049  (310) 820.2955 Fax: (310) 820.7224
Tenant Representation  Leasing  Investments  Consulting  Asset Management
CONFIDENTIALITY AGREEMENT
In connection with the property known as 1940 Century Park East, Los Angeles, CA 90067 (“Property”);
Gillis Family Partnership (“Owner”) is delivering to you
,
(“Accepting
Party”), certain information which is confidential and/or proprietary in nature (collectively, “Evaluating Material”).
The term “Evaluation Materials” shall not include such portions thereof which (i) are or become available to the
public other than as a result of a disclosure by Accepting Party, or (ii) presently are or hereafter become available to
Accepting Party on a non-confidential basis from another source which, to Accepting Party’s knowledge, is not
subject to a confidentiality agreement.
By signing below, you acknowledge that the Owner has requested that Evaluation Materials be treated in a
confidential manner. This letter agreement sets forth the terms and conditions under which the Accepting Party will
undertake to keep the Evaluation Materials confidential. If the terms and conditions of this agreement are
unsatisfactory to you, please notify the undersigned immediately in writing and we will not send the confidential
materials requested. The Owner will not forward confidential materials to you without a signed original of this
confidentiality agreement.
The Accepting Party agrees to defend, indemnify and hold the Owner harmless from any demands, actual out-ofpocket damages, liabilities, costs or expenses, including reasonable attorney’s fees, arising from any claim by any
broker, finder, or other party which the Accepting Party has or is alleged to have dealt. The Accepting Party agrees
that it will keep the information confidential internally and will share the same with only those persons reasonably
necessary to perform the financial and other analyses needed to determine whether the Accepting Party wishes to
pursue the acquisition of the Property.
The Accepting Party agrees that they will keep all materials confidential once received. Except as provided above
and as otherwise required by law or regulatory or judicial process, the Accepting Party, its attorneys and accountants
shall not disclose to any outside person: (i) the terms, conditions or status of the proposed transaction, (ii) the
content of the Evaluation Materials, or (iii) the fact that discussions or negotiations are taking place, without first
obtaining the Owner’s prior written consent.
The Owner has not made and will not make any representations or warranties as to the accuracy or completeness of
the Evaluation Material or any other information transmitted or made available to the Accepting Party. The Owner
expressly disclaims any and all liability for representations or warranties, express or implied, contained in the
Evaluation Material, or any other information transmitted or made available to the Accepting Party. The Accepting
Party agrees that it must have its experts inspect the Property and verify all information regarding the Property. Any
financial projections are provided for general reference purposes. The Accepting Party agrees that any projections
are based on various assumptions related to the general economy, competition and other factors beyond the control
of the Owner, and are subject to material variation and may not be indicative of the current or future performance or
value of the Property. The Accepting Party agrees that it will rely solely on its own investigations and evaluations in
purchasing the Property.
The Accepting Party further acknowledges that Owner reserves the right to reject any and all expressions of interest
or offer to invest in the Property and/or terminate discussions with the Accepting Party at any time upon written
notice to the Accepting Party. Owner shall have no legal commitment or obligation to the Accepting Party with
respect to the Property unless and until such transaction is approved by Owner and a written agreement for the
transaction has been fully executed and delivered. Upon termination of discussions with respect to the Property, the
Accepting party agrees to deliver to the Owner the Evaluation material furnished.
Prospective Purchaser may register a Co-Broker as its agent by having said Co-Broker execute the Confidentiality
Agreement in part with potential Purchaser, however, potential Purchaser agrees that any and all fees or commission
to be received by Co-Broker will be the sole responsibility of Purchaser. In addition, Co-Broker agrees it will not
discuss the property with any other party other than potential Purchaser, and that Co-Broker will not distribute any
property information or excerpts to any other party.
This agreement shall be governed by, and constructed in accordance with, the laws of the State of California and
will terminate only upon the closing of the sale of the Property.
This agreement shall terminate upon close of escrow of a sale of the Property or two years from the date of
execution of this document, whichever occurs first.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date last entered below.
OWNER:
Gillis Family Partnership
ACCEPTING PARTY:
COMPANY:
By:____________________________________
By:
Date:___________________________________
Date:_______________________________________
JB/agreements/confidentiality-1940 CPE