Non-Disclosure Agreement

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Annex B: Standard Non-Disclosure Agreement
NON-DISCLOSURE AGREEMENT
Case [M.XXXX/AT.XXXXX] - [CASE NAME]
Whereas I, the undersigned,
Declare that I have been engaged as an external advisor by [Names of Party/Parties to
which data room access is granted through their External Advisors] (the
"[Party/Parties]") in connection with the Case [M.XXXX/AT.XXXXX] - [CASE
NAME] and I am duly authorised by the same to make the below undertakings;
Whereas the Commission has, for the sole purpose of enabling the external [economic
advisor/legal consultant] of the [Party/Parties] to verify the validity of its data analysis,
made available a data room containing data collected from [Names of Data Provider(s)]
(the "Data [Provider/Providers]") during the course of its investigation that have been
used by the Commission in the analysis presented in the Statement of Objections (the
"Data", as specified in Annex 1 of the Terms of Disclosure of Business Secrets and other
Confidential Information on "External Advisor Only" basis (the "Data Room Rules"));
Whereas, for the purpose of verifying the validity of the Commission's analysis in the
Statement of Objections, the [Party has/Parties have] released me from my professional
duties and obligations I have towards the Notifying Parties, as their appointed external
[economic advisor/legal consultant] in the above referenced proceeding, to disclose all
relevant Data to my clients;
Whereas the Data constitute business secrets and other confidential information and must
not be disclosed under any circumstances to the [Party/Parties] or to any other third
party;
Therefore, I solemnly undertake:
(i)
to use the Data solely for the preparation of a data room report (the "Data
Room Report") addressed to the [Party/Parties], and if necessary of a non-
redacted, confidential version of the Data Room Report addressed to the
Commission (according to Section 3 of the Data Room Rules) containing
my findings and conclusions on [the validity and soundness of the
Commission's quantitative analyses adopted in the Statement of
Objections / whether the qualitative evidence on the Commission's file
supports the objections raised by it];
(ii)
not to copy (in any format, physical, digital or otherwise) or remove any
Data from the data room, and to fully abide by the procedures set forth in
the attached Data Room Rules;
(iii)
not to disclose, transmit, communicate or make the Data provided by the
Data Providers or contained in the Data Room Report (or any
observations, comments, inferences or conclusions drawn from such

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