Common use of Permitted Disclosure/Use Clause in Contracts

Permitted Disclosure/Use. Notwithstanding Section 6.10(a), a Limited Partner may disclose or use Confidential Information as follows: (i) A Limited Partner may disclose Confidential Information to such Limited Partner’s accountants, attorneys and similar advisors bound by a duty of confidentiality. (ii) A Limited Partner that is a fund-of-funds or similar entity may disclose, to such Limited Partner’s own equityholders, summary information concerning the Partnership’s financial performance and status; provided, however, that in each instance such equityholders shall be bound by (x) a written agreement to comply with the confidentiality and use provisions of this Section 6.10 as if they were Limited Partners bound by this Agreement or (y) some other obligation that provides a comparable degree of protection to the Partnership. (iii) A Limited Partner may disclose the following information: (A) The name and “vintage year” of the Partnership. (B) A summary characterization of the Partnership as a fund with an investment in Tokens that will, in the future, be usable on a decentralized internet platform sponsored by Blockstack PBC. (C) The name of the General Partner. (D) The aggregate amount of the Capital Contributions of the Partners. (E) The amount of such Limited Partner’s Capital Contribution. (F) The capital contributions made by such Limited Partner to, and the distributions received by such Limited Partner from, the Partnership. (G) The value of such Limited Partner’s interest in the Partnership. (iv) A Limited Partner may use Confidential Information for such Limited Partner’s internal purposes to assess investment and other similar opportunities and circumstances, so long as such use causes no material harm to the Partnership, or any other Partner and so long as, in any event, such use conforms to the requirements of all applicable laws (including laws relating to “xxxxxxx xxxxxxx”).

Appears in 4 contracts

Samples: Limited Partnership Agreement (Blockstack Inc.), Limited Partnership Agreement (Blockstack Inc.), Simple Agreement for Future Tokens (Saft) (Blockstack Token LLC)

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