The purpose of Camondo Worldwide Association (hereinafter “Camondo”) is to provide a confidential environment for its Members (hereinafter “Members”) to facilitate the sharing of ideas and issues of a confidential nature relating to personal, family, health and business matters of the Members.

Each Member of Camondo taking part in Circle meetings, monthly dinners, retreats, events, online exchanges or any other Camondo activity (each, a “Recipient”) agrees to enter into a confidential relationship with respect to the disclosure of certain confidential information, in order to prevent the unauthorized disclosure of such information as defined below.

1. Definition of Confidential Information.

Confidential Information shall include all information or material that concerns the Members within Camondo and that is either non-public, confidential or proprietary in nature, tangible or intangible, and communicated in any form. This includes, without limitation, information on Members’ family, health or business, as well as any document, note or analysis prepared by Camondo or its Members.

All information shared during a Circle meeting, monthly dinner or any Camondo activity shall be deemed confidential, whether or not it is specifically marked as “Confidential”.

In addition, the Confidential Information shall include (i) the existence, date, location and participants of any Circle meeting, monthly dinner or Camondo activity, (ii) the content of such meetings or activities, and (iii) all discussions taking place during Camondo activities.

2. Exclusions from Confidential Information.

The Recipient’s obligations under this Agreement do not extend to information that is: (a) publicly known at the time of disclosure or subsequently becomes publicly known without the Recipient’s fault; (b) discovered or created by the Recipient before disclosure by the Discloser; (c) learned by the Recipient through legitimate means other than from the Discloser or one of its representatives; (d) has been independently developed by the Recipient without use of the Confidential Information; or (e) is divulged by the Recipient pursuant to a requirement of a governmental agency or court of law, or is required to be disclosed by operation of law.

3. Obligations of the Recipient.

The Recipient shall hold and maintain the Confidential Information in strict confidence for the Discloser’s exclusive benefit. The Recipient shall not use for its own benefit, publish, copy, record, screenshot, forward or otherwise disclose to others, except upon request or with the prior written consent of the Discloser, or permit the use by others for their benefit, any Confidential Information. The Recipient shall immediately return to the Discloser or destroy any and all materials in its possession, related to Confidential Information, upon written request of the latter.

4. Term and termination.

The obligations of this Agreement shall be in effect from the signature date until the Confidential Information no longer qualifies as a trade secret; provided that, with respect to Confidential Information that does not qualify as a trade secret, the Recipient’s confidentiality obligation shall expire on the earlier to occur of (i) 10 years from the last disclosure of said Confidential Information, or (ii) the date when the Discloser releases the Recipient from its obligation in written form.

5. No Further Rights in Information.

The Recipient understands that nothing herein (i) requires the disclosure of any Confidential Information or (ii) requires the Discloser or the Recipient to proceed with any granting or conferring any right, title or interest in, or any license or right to use, the Confidential Information.

6. Modification.

This Agreement may not be amended except in a writing, signed by both Parties.

7. Remedies.

Any breach by the Recipient of any of its obligations under this Agreement will result in serious harm, for which damages and other legal remedies may not be sufficient. Therefore, the Discloser will be entitled — in addition to remedies otherwise made available by the governing laws — to apply for an injunctive order to prevent, discontinue and/or restrain the breach of this Agreement. A breach of confidentiality may also lead to suspension, exclusion or other measures in accordance with the applicable Camondo rules.

8. Governing law and severability.

This Agreement shall be governed by the laws of Switzerland. If any part, term or provision of this Agreement is held to be illegal or unenforceable, neither the validity nor enforceability of the remainder of the Agreement shall be affected.