This agreement is entered into between **  ** (“the Undersigned”), and International Business Exchange, Inc. (“Agent”) in respect to any business represented for sale (“Company”) to protect proprietary information which Company or Agent may disclose to the Undersigned in the course of the parties’ business negotiations and dealings directed toward the potential acquisition of Company by the Undersigned.

Except as permitted by written consent of the Company or unless ordered by a court or administrative body of competent jurisdiction, the Undersigned agrees not to disclose this proprietary information to any third party and to hold all such proprietary information in the strictest confidence.  The Undersigned agrees to limit access to such proprietary information to those of its employees, directors, banks, agents and advisors who require access to further the parties’ dealings who are informed of this agreement and who agree to be bound by the terms hereof as if a party hereto.  In any event, the Undersigned shall be fully liable for any breach of this Agreement by its representatives.  The Undersigned also agrees not to discuss any aspect of this transaction with any employees of Company, or independently approach any of Company’s employees with contract or employment opportunities.  The Undersigned also agrees not to use any proprietary information for any purpose whatsoever except in connection with the evaluation of the potential acquisition of the Company, shall make only as many copies of written proprietary information as are reasonably necessary for the evaluation, and shall diligently protect all of the proprietary information against loss by inadvertent or unauthorized disclosure of use.  The Undersigned may use or disclose proprietary information if (a) required by any request or order of any government authority; or (b) otherwise required by law, providing the Undersigned, to the extent possible, provides written notice of such request to the Company and Agent prior to any such disclosure, to the extent legally permitted, permits the Company and Agent to contest such disclosure, to the extent legally permitted, and assists the Company and Agent in any effort to acquire an appropriate protective order or other remedy to prevent or limit such disclosure, to the extent legally permitted.  The Undersigned agrees that all negotiations concerning Company shall be handled exclusively through Agent.  No contact with the Company, employees, suppliers, customers, franchisor or landlord, etc., is permitted without direct authorization of the Agent.

“Proprietary information” means all information in any form, including without limitation, this Agreement and all material related thereto, the fact that this Agreement has been entered by and among the Undersigned, the identities of the parties hereto, the nature, purpose and details of this Agreement or any of the negotiations entered into pursuant to this agreement disclosed by Company to the Undersigned.  Proprietary information does not include information and data which the Undersigned can show (a) was publicly available; (b) was validly in the Undersigned’s possession prior to receipt thereof from Company; (c) was rightfully received by the Undersigned from a third party having no fiduciary relationship to the Undersigned or Company and having no obligation of confidentiality with respect to such information and data; or (d) the Undersigned developed independently and without any reference to information and data received from Company.

The obligation of confidentiality herein described shall survive for a period of two (2) years from such disclosure if a transaction is not consummated by and among the Undersigned.  Within thirty (30) days following a request or the completion of business dealings between the parties, each party will deliver to the other all tangible materials that relate to such proprietary information, unless a party requests that such materials be destroyed.  If a party requests that such materials be destroyed, the other party will destroy them and within such thirty (30) day period certify in writing their destruction, provided, however, that a party may retain a copy as required pursuant to records and retention policies and the parties agree that not all electronic copies may be possible to destroy.

The Undersigned acknowledges that (a) no representation or warranties are being made as to the completeness or accuracy of any information; (b) any and all representations and warranties shall be made solely by the parties in a signed acquisition agreement or purchase contract and then be subject to the provisions thereof; and (c) that it is their sole responsibility to perform a due diligence review at their own cost and expense prior to any acquisition.  The Undersigned acknowledges that all information is provided by the Company and is not verified in any way by the Agent.  Agent is relying on the Company for the accuracy and completeness of said information and makes no warranty, express or implied, as to such information. The Undersigned agrees to indemnify and hold Agent harmless from any claims or damages from its use. The Undersigned has been apprised Agent is not a NASD registered Broker/Dealer and offers no securities for sale.  Further, the Undersigned acknowledges that, prior to finalizing an agreement to purchase a business, it is the Undersigned’s responsibility to perform due diligence and make an independent verification of all information.  The Undersigned will look only to the Company and the Undersigned’s own investigation for all information regarding any business offered by the Agent.  Should Agent or Company deem it necessary, the Undersigned grants the right to obtain a credit report through standard reporting agencies.  If requested, the Undersigned also agrees to provide a resume and financial statement.  The Undersigned understands that this information will be held in confidence and will only be used for the purpose of qualifying the Undersigned.

It is acknowledged that the breach of Paragraph 2 would cause the non-breaching party irreparable injury not compensable in monetary damages alone.  Accordingly, in the event of the unauthorized disclosure or use of the confidential information of a party or the threat thereof, in addition to its remedies at law and other remedies at equity, the party will be entitled to seek a restraining order, preliminary injunction or other appropriate relief so as to specifically enforce the terms of this agreement.  Accordingly, the parties agree that Company and/or Agent, in addition to any other remedy to which it may be entitled in law or equity, shall be entitled to an injunction or injunctions (without the posting of any bond) to prevent breaches of this agreement and/or to compel specific performance of this agreement, and that neither the Undersigned nor its representatives will oppose the granting of such relief.  The non-prevailing party also agrees to reimburse the prevailing party for all costs and expenses, including attorney’s fees, incurred by it in enforcing the obligations of the Undersigned and its representatives hereunder.

This agreement shall be governed by and construed in accordance with the laws of the state of Texas.

Agency Disclosure

At all times, Agent is an agent for the company and not the Undersigned’s agent, unless Agent enters into a written agreement to act as the Undersigned’s agent.  Agent owes duties to the Company which include utmost good faith, loyalty and fidelity.  Agent will negotiate on behalf and act as the advocate of the Company. The undersigned is not vicariously liable (legally responsible) for Agent’s actions.  Although Agent does not represent the Undersigned, Agent will disclose to Undersigned all adverse material facts about the business actually known to Agent. Acknowledged :

BUYER ACQUISITION CRITERIA FORM

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I.    TYPE OF BUSINESS: 

Please indicate any specific type business desired (i.e., tire store, food manufacturer)

PREFERRED STATES(Select Multiple):  AK AL AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY  

PREFERRED ZIPs(Select Multiple): 350 351 352 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 716 717 718 719 720 721 722 723 724 725 726 727 728 729 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 660 661 662 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 700 701 703 704 705 706 707 708 710 711 712 713 714 630 631 633 634 635 636 637 638 639 640 641 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 386 387 388 389 390 391 392 393 394 395 396 397 730 731 734 735 736 737 738 739 740 741 743 744 745 746 747 748 749 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 733 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799  

PREFERRED SIC CODE(Select Multiple): 0752 1011 1021 1031 1041 1044 1081 1094 1099 1221 1222 1231 1241 1311 1321 1381 1382 1389 1411 1422 1423 1429 1442 1446 1455 1459 1474 1475 1479 1481 1499 1521 1522 1531 1541 1542 1611 1622 1623 1629 1711 1721 1731 1741 1742 1743 1751 1752 1761 1771 1781 1791 1793 1794 1795 1796 1799 2011 2013 2015 2021 2022 2023 2024 2026 2032 2033 2034 2035 2037 2038 2041 2043 2044 2045 2046 2047 2048 2051 2052 2053 2061 2062 2063 2064 2066 2068 2074 2075 2076 2077 2079 2082 2083 2084 2085 2086 2087 2091 2092 2095 2096 2097 2098 2099 2111 2121 2131 2141 2211 2221 2231 2241 2251 2252 2253 2254 2257 2258 2259 2261 2262 2269 2273 2281 2282 2284 2295 2296 2297 2298 2299 2311 2321 2322 2323 2325 2326 2329 2331 2335 2337 2339 2341 2342 2353 2361 2369 2371 2381 2384 2385 2386 2387 2389 2391 2392 2393 2394 2395 2396 2397 2399 2411 2421 2426 2429 2431 2434 2435 2436 2439 2441 2448 2449 2451 2452 2491 2493 2499 2511 2512 2514 2515 2517 2519 2521 2522 2531 2541 2542 2591 2599 2611 2621 2631 2652 2653 2655 2656 2657 2671 2672 2673 2674 2675 2676 2677 2678 2679 2711 2721 2731 2732 2741 2752 2754 2759 2761 2771 2782 2789 2791 2796 2812 2813 2816 2819 2821 2822 2823 2824 2833 2834 2835 2836 2841 2842 2843 2844 2851 2861 2865 2869 2873 2874 2875 2879 2891 2892 2893 2895 2899 2911 2951 2952 2992 2999 3011 3021 3052 3053 3061 3069 3081 3082 3083 3084 3085 3086 3087 3088 3089 3111 3131 3142 3143 3144 3149 3151 3161 3171 3172 3199 3211 3221 3229 3231 3241 3251 3253 3255 3259 3261 3262 3263 3264 3269 3271 3272 3273 3274 3275 3281 3291 3292 3295 3296 3297 3299 3312 3313 3315 3316 3317 3321 3322 3324 3325 3331 3334 3339 3341 3351 3353 3354 3355 3356 3357 3363 3364 3365 3366 3369 3398 3399 3411 3412 3421 3423 3425 3429 3431 3432 3433 3441 3442 3443 3444 3446 3448 3449 3451 3452 3462 3463 3465 3466 3469 3471 3479 3482 3483 3484 3489 3491 3492 3493 3494 3495 3496 3497 3498 3499 3511 3519 3523 3524 3531 3532 3533 3534 3535 3536 3537 3541 3542 3543 3544 3545 3546 3547 3548 3549 3552 3553 3554 3555 3556 3559 3561 3562 3563 3564 3565 3566 3567 3568 3569 3571 3572 3575 3577 3578 3579 3581 3582 3585 3586 3589 3592 3593 3594 3596 3599 3612 3613 3621 3624 3625 3629 3631 3632 3633 3634 3635 3639 3641 3643 3644 3645 3646 3647 3648 3651 3652 3661 3663 3669 3671 3672 3674 3675 3676 3677 3678 3679 3691 3692 3694 3695 3699 3711 3713 3714 3715 3716 3721 3724 3728 3731 3732 3743 3751 3761 3764 3769 3792 3795 3799 3812 3821 3822 3823 3824 3825 3826 3827 3829 3841 3842 3843 3844 3845 3851 3861 3873 3911 3914 3915 3931 3942 3944 3949 3951 3952 3953 3955 3961 3965 3991 3993 3995 3996 3999 4111 4119 4121 4131 4141 4142 4151 4173 4212 4213 4214 4215 4221 4222 4225 4226 4231 4412 4424 4432 4449 4481 4482 4489 4491 4492 4493 4499 4512 4513 4522 4581 4612 4613 4619 4724 4725 4729 4731 4741 4783 4785 4789 4812 4813 4822 4832 4833 4841 4899 4911 4941 4961 4971 5012 5013 5014 5015 5021 5023 5031 5032 5033 5039 5043 5044 5045 5046 5047 5048 5049 5051 5052 5063 5064 5065 5072 5074 5075 5078 5082 5083 5084 5085 5087 5088 5091 5092 5093 5094 5099 5111 5112 5113 5122 5131 5136 5137 5139 5141 5142 5143 5144 5145 5146 5147 5148 5149 5153 5154 5159 5162 5169 5171 5172 5181 5182 5191 5192 5193 5194 5198 5199 5211 5231 5251 5261 5271 5311 5331 5399 5411 5421 5431 5441 5451 5461 5499 5511 5521 5531 5541 5551 5561 5571 5599 5611 5621 5632 5641 5651 5661 5699 5712 5713 5714 5719 5722 5731 5734 5735 5736 5812 5813 5912 5921 5932 5941 5942 5943 5944 5945 5946 5947 5948 5949 5961 5962 5963 5983 5984 5989 5992 5993 5994 5995 5999 7011 7032 7033 7212 7213 7215 7216 7217 7218 7219 7231 7241 7261 7299 7311 7312 7313 7319 7322 7323 7331 7334 7335 7336 7338 7342 7349 7352 7353 7359 7361 7363 7371 7372 7373 7374 7375 7376 7377 7378 7379 7381 7382 7383 7384 7389 7513 7514 7515 7519 7532 7533 7534 7536 7537 7538 7539 7549 7622 7623 7629 7694 7699 7812 7819 7822 7829 7833 7911 7922 7929 7941 7948 7991 7992 7993 7996 7997 7999 8011 8021 8031 8042 8043 8049 8062 8063 8069 8071 8072 8082 8092 8093 8099 8111 8231 8243 8244 8249 8299 8322 8331 8351 8361 8412 8422 8699 8711 8712 8713 8721 8731 8732 8734 8741 8742 8743 8744  

FINANCIAL CONDITION OF BUSINESS
Minimum Gross Sales:  

Minimum Cash Flow:  

Maximum Price:  

INVESTMENT REQUIREMENTS

Cash Available/Down Payment    $ 

Net Worth - Personal     $ 

Corporate      $ 

The above reflects, to the best of my knowledge, my current acquisition criteria and financial status.

Information About Brokerage Services

Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS:

• A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the
• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):

• Put the interests of the client above all others, including the broker’s own interests;
• Inform the client of any material information about the property or transaction received by the broker;
• Answer the client’s questions and present any offer to or counter-offer from the client; and
• Treat all parties to a real estate transaction honestly and

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent. An owner’s agent fees are not set by law and are fully negotiable.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer's agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent. A buyer/tenant’s agent fees are not set by law and are fully negotiable.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary:

• Must treat all parties to the transaction impartially and fairly;
• May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.
• Must not, unless specifically authorized in writing to do so by the party, disclose:
• that the owner will accept a price less than the written asking price;
• that the buyer/tenant will pay a price greater than the price submitted in a written offer; and
• any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:

• The broker’s duties and responsibilities to you, and your obligations under the representation
• Who will pay the broker for services provided to you, when payment will be made and how the payment will be

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.

Designated Broker of the Firm
Charles E Harvey

Licensed Supervisor of Sales Agent/ Associate
John M Miller

Sales Agent/Associate’s Name
IBEX 

Please click on the line below to sign: