Non-Disclosure Agreement

This Non-Disclosure Agreement ("Agreement") is entered into between ADAVEL Fund (the Disclosing Party) and the individual or entity completing the form below (the Receiving Party).

1. Definitions

"Confidential Information" means any information disclosed by ADAVEL — orally, in writing, or electronically — that is designated as confidential or that a reasonable person would understand to be confidential. This includes founder and applicant identities, portfolio company financials, investment terms, scoring rubrics, fund performance, investor identities, business plans, pitch materials, and strategic plans.

"Permitted Purpose" means the specific purpose you state in the form below (e.g. evaluating a potential co-investment, reviewing an application, assessing an investment opportunity).

2. Obligations of the Receiving Party

1. Use Confidential Information solely for the Permitted Purpose.
2. Keep all Confidential Information strictly confidential — no disclosure without ADAVEL's written consent.
3. Protect it with at least the same care used for your own confidential information.
4. Promptly notify ADAVEL of any actual or suspected unauthorised disclosure.

3. Exclusions

Obligations do not apply to information that was already known free of confidence, is publicly available through no fault of the Receiving Party, was independently developed, or is required to be disclosed by law.

4. Term

This Agreement commences on the date of submission and continues for the number of years selected in the form. Confidentiality obligations survive termination for a further three (3) years.

5. Governing Law

Governed by the laws of the Federal Republic of Nigeria. Non-exclusive jurisdiction of Lagos State courts.

6. Complete & Sign