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Vanguard Appraisals,Inc. <br /> allow access to,distribute or otherwise make available License Materials to independent contractors or others who do not <br /> receive a Form W-2,Wage and Tax Statement,from Client,as used in the United States income tax system as an <br /> information return to report wages paid to employees and the taxes withheld from them,or to allow others to do so; or; <br /> (e) incorporate the Licensed Software, in whole or in part, into a product which Vanguard determines is <br /> designed to compete with the Licensed Materials,which will include,but not be limited to,local databases or Web-based <br /> search engines; or <br /> (f) make more than one copy of the Licensed Materials for backup. <br /> 5. CONFIDENTIALITY. <br /> (a) Client covenants and agrees as follows: <br /> (1) to receive and hold in confidence all Confidential Information revealed to Client by Vanguard <br /> pursuant to this Agreement; <br /> (2) to not disclose any Confidential Information except to regular employees of Client who will <br /> receive a Form W-2,Wage and Tax Statement,from Client,in the current tax year(hereinafter referred to as"Client's <br /> Representatives')who have a reasonable need-to-know,who know of Client's obligations hereunder,and who are under like <br /> obligations with respect to Confidential Information received hereunder by virtue of their employment relationship with <br /> Client. Client assumes full responsibility for the compliance of Client's Representatives with the restrictions of this <br /> Agreement,all of which restrictions shall apply to and bind Client's Representatives. Any other disdosure of Vanguard's <br /> Confidential Information shall require Vanguard's prior written permission and execution of a similar agreement. <br /> (3) not to use any Confidential Information for itself or for any third party or for any reason or <br /> purpose other than solely for its own purpose of appraising real estate; <br /> (4) not to use any Confidential Information in any way detrimental to Vanguard (it being <br /> acknowledged that any use of Confidential Information by Client for purposes other than to solely for its own purpose of <br /> appraising real estate will be deemed detrimental to Vanguard and that no such use shall allow any disclosure that violates <br /> paragraph 5(a)(2)above; and <br /> (5) at any time,upon the written request of Vanguard, (i) immediately return to Vanguard all copies <br /> of Licensed Materials and all additional documents and things within Client's possession, custody or control containing or <br /> reflecting any Confidential Information, (ii) irretrievably delete or erase all Confidential Information from any electronic <br /> storage medium (i.e., computers, computer disks,zip drives, etc.) within Client's possession, custody or control and provide <br /> Vanguard with a written statement confirming that all Confidential Information of Vanguard has been returned or deleted, <br /> and(iii)make no further use of the Confidential Information. <br /> (b) As used in this Agreement,"Confidential Information"shall mean information relating to the Licensed <br /> Materials presented or disclosed to Client by Vanguard,whether such information is presented or disclosed in writing, <br /> electronic form,orally or obtained by visual inspection. Client agrees and acknowledges that such Confidential Information <br /> is not generally known to Vanguard's competitors,which gives Vanguard a competitive advantage over others who do not <br /> possess such Confidential Information. Notwithstanding the foregoing,Confidential Information shall riot include information <br /> (regardless of how it may be marked)which(a) is already rightfully known to Client unless it is only known by Client due to <br /> Vanguard's disclosure of Confidential Information to Client prior to the execution of this Agreement,(b)was or becomes <br /> publicly known without disclosure by Client,(c)was or is acquired by Client from a third party, provided that the third party <br /> providing such information has not thereby breached any agreement with,or acted in derogation of,any confidential <br /> relationship with Vanguard,or(d) is disclosed pursuant to the lawful requirement of a government agency or is required by <br /> operation of law provided that Client gives Vanguard written notice of said disclosure request and a copy thereof so that <br /> Vanguard can take action, if any,to protect its Confidential Information. The burden shall be on Client to establish that <br /> information pertaining to Vanguard and/or the Licensed Materials is not Confidential Information. <br /> 6. LIMITED WARRANTY. <br /> (a) Vanguard warrants that during the Warranty Period(as defined below)the software module(s)contained <br /> in the Licensed Materials will be free from material, reproducible programming malfunctions or defects and will operate in all <br /> material respects in conformity with the current specifications for such module(s)published by Vanguard. Vanguard does <br /> not warrant that the modules in the Licensed Materials will operate uninterrupted or error free. <br /> 2 <br /> June 22,2018 <br />