Full due-diligence materials for the Maulhardt Stiles Ranch offering — including financials, title, entitlement, and technical reports — are available to qualified parties who execute the confidentiality agreement below.
This Confidentiality and Non-Disclosure Agreement ("Agreement") is entered into as of the date of electronic signature below, by and between The Parkstone Group, including Parkstone Companies, Parkstone Management Services, and Parkstone Realty Solutions (collectively, "Parkstone," acting as broker/agent on behalf of ownership of the property known as Maulhardt Stiles Ranch, Oxnard, California, the "Property"), and the undersigned recipient of confidential information ("Recipient").
"Confidential Information" means all due-diligence materials made available to Recipient regarding the Property, including but not limited to financial projections and underwriting materials, preliminary title reports, vesting deeds, easements and encumbrances, zoning and General Plan materials, entitlement correspondence, environmental documents and CEQA record materials, infrastructure and utility studies, school, park, traffic, affordable-housing and mitigation-fee obligations, geotechnical and soils reports, development and reimbursement agreements, phasing plans, and any other non-public information disclosed in connection with a potential acquisition of the Property.
Recipient will use Confidential Information solely to evaluate a potential acquisition of the Property and for no other purpose. Recipient will not disclose Confidential Information to any third party other than Recipient's officers, employees, lenders, legal counsel, and advisors who have a need to know such information for the purpose of evaluating the opportunity and who are bound by confidentiality obligations at least as protective as this Agreement.
Recipient agrees not to contact ownership, tenants, governmental agencies (other than in the ordinary course of independent due diligence), or other parties identified through the Confidential Information in a manner that circumvents Parkstone as exclusive broker, and will direct all inquiries regarding the Property to Parkstone.
Confidential Information is provided for discussion purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities or real property. All information is believed to be from sources deemed reliable but has not been independently verified by Parkstone or ownership. Recipient must conduct its own independent investigation of the Property, entitlements, approvals, conditions, fees, environmental matters, infrastructure obligations, market conditions, and all other matters relevant to a potential acquisition. Seller and broker reserve the right to modify, withdraw, or reject any proposal at any time.
Upon request by Parkstone, or if Recipient determines it will not pursue the opportunity, Recipient will promptly return or destroy all Confidential Information, including copies and derivative materials, other than archival copies retained pursuant to bona fide internal recordkeeping or legal-compliance policies.
The obligations under this Agreement remain in effect for two (2) years from the date of electronic signature below, and survive any decision by Recipient not to proceed with an acquisition of the Property.
By accepting Confidential Information, Recipient agrees to release Parkstone and hold it harmless from any kind of claim, cost, expense, or liability arising out of Recipient's investigation and/or purchase of the Property.
Recipient agrees that typing its name below and submitting this form constitutes a valid electronic signature of this Agreement under the California Uniform Electronic Transactions Act. This Agreement is governed by the laws of the State of California.