Buying a Childcare Centre?

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How will you fund your purchase?

Cash

Borrowing

Been in childcare?

Yes

Require Management?

Yes

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Confidentiality Agreement

I/We, being the people named in the Schedule set out below, acknowledge that we are prospective Buyers of the business/es described in the Schedule and in consideration of you and the Seller allowing us to inspect business profile/s and/or other material relating to the business/es and / or the Seller’s agreement and your arrangement on the Seller’s behalf to allow us to inspect the business/es we acknowledge and agree as follows: 1. The business profile/s and/or other material supplied by the Seller relating to the business/es may include: [a] Non verified and unaudited trading results and or profit and loss reports; [b] Related industry averages and/or approximate costs/expenses, projected trading estimations. 2. All information contained in it, is our responsibility to verify and confirm, and we agree not to hold Childcare ConX and or its employees and authorised personnel responsible for its accuracy, liability, or loss suffered by us in relation to any information in the material contained in the profile/s received. 3. The fact that the business is for sale, the business profile/s and material and all things connected and related to this material are confidential and we agree not to disclose them to any other person except our legal, accounting, financial advisers and bankers. But then only on the basis that they have to provide to us their agreement, prior to receipt of the material, to keep this information confidential, unless the Seller’s prior written consent is first had and obtained for the disclosure of this material to that party. 4. We acknowledge, that as a result of perusing the business profile/s and material, and during the course of the inspection of the business/es we will become aware of information regarding the operation of the business/es and in particular the marketing of the business/es which is personal to the seller and which has real financial value to the Seller. We acknowledge that should such information become known to the Seller’s competitors or other parties interested in setting up a similar business in opposition to the Seller or used by ourselves in the operation of a similar business that these actions could cause financial hardship to the Seller and therefore the Seller might seek compensation. 5. All inspections of the business/es are to be by appointment arranged or organised through Childcare ConX only, and we agree not to attempt to inspect the business/es or the premises upon which the business/es is carried on or contact the Seller direct other than through and with Childcare ConX. I/We have been introduced to the below mentioned business/es by Childcare ConX and or its personnel. I/We understand that Childcare ConX and or its personnel are not Investment or Financial Advisors. Its role in this matter is to simply relay information on the below mentioned business/es as provided by the Sellers in its capacity as a representative of the Seller. Childcare ConX does not: a) Investigate; b) Neither make any professional or other judgement about the material supplied by the Seller nor arrange its collection or distribution; c) Assess the truth or accuracy of the information provided to us by the Seller. 6. I/we confirm that details provided herein are correct and agree to being contacted regarding further opportunities that arise and agree to be bound by this agreement with respect to such opportunities. 7. If I/we do not proceed to purchase the said business/es for which material has been supplied. I/we agree to respect and safeguard the privacy of the Seller and will return the profile/s material immediately to Childcare ConX. An electronically stored version of the profile/s shall be deleted and any related material destroyed, and I/we will inform the relevant broker by email confirming this action has been taken. I/we agree to all the above conditions upon signing below.

I have read & agree to abide the terms in the Childcare for Sale confidentiality agreement. ( * )

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