Common use of Information Release Clause in Contracts

Information Release. Applicant acknowledges BSF may use information about Applicant and/or its affiliates for publicity purposes, i.e., news articles, pictures, etc. BSF will not disclose information regarding the financial condition of Applicant or its affiliates. Applicant understands they are receiving funding from the Small Business Administration through a public/private entity (Big Sky EDC). Therefore, as a requirement of loan approval, borrower’s name, amount requested from SBA (including percent of total SBA project financing), and name of business entity may be released to the public as part of a Big Sky EDC Board of Directors meeting. It is applicant’s responsibility to inform seller or any other party to the transaction of any other non- disclosure or confidentiality issues that may arise as the result of Big Sky EDC’s open meeting policy.

Information Release. Applicant acknowledges BSF may use information about Applicant and/or its affiliates for publicity purposes, i.e., news articles, pictures, etc. BSF will not disclose information regarding the financial condition of Applicant or its affiliates. Applicant understands they are receiving funding from the Small Business Administration through a public/private entity (Big Sky EDC). Therefore, as a requirement of loan approval, borrower’s name, amount requested from SBA (including percent of total SBA project financing), and name of business entity may be released to the public as part of a Big Sky EDC Board of Directors meeting. It is applicant’s responsibility to inform seller or any other party to the transaction of any other non- non‐ disclosure or confidentiality issues that may arise as the result of Big Sky EDC’s open meeting policy.