Common use of Non-Disclosure; Confidentiality Clause in Contracts

Non-Disclosure; Confidentiality. 5.1 The Executive acknowledges that, as a result of the Executive’s employment by Noram, the Executive shall be making use of or acquiring information about certain matters and things which are confidential to Noram or Ausam and which information is the exclusive property of Noram or Ausam or a third party with whom Noram or Ausam does business or has pursued prospective business, including all confidential information acquired by or made available to the Executive by Noram, Ausam or their representatives, which shall include trade secrets, offering memoranda, financial information, plans, engineering reports, environmental reports, legal opinions, names of shareholders, private investors, joint venture partners and limited partners, geological information, land and lease information, well data, project data, seismic information, gas, liquids or products processing, and marketing terms and arrangements or other such information as may be material to Noram or Ausam, which information is or may be either applicable to or related in any way to the assets, business or affairs of Noram or Ausam, together with all analyses, compilations, notes, data, studies or other material documents or copies thereof prepared by or for Noram or Ausam (collectively, the “Confidential Information”).