B&V NDA Rev0 - Signed

CONFIDENTIALITY AGREEMENT
between
Eleqron Inc.
and
BOLT & VOLT PVT LTD
This confidentiality agreement (“Agreement”) Signed on, November 3rd ,2021 (“Effective Date”) is between Eleqron
Inc “Company” with an office at Alberta, Canada) and Bolt & Volt ‘Recipient’ with an office at Lahore, Pakistan.
WHEREAS the Parties and their respective Affiliates (as such term is defined below) possess certain
confidential and proprietary Information (as such term is defined below); and
WHEREAS, subject to the terms and conditions of this Non-Disclosure Agreement, each Party may elect, in
its sole discretion, to disclose Information hereunder in connection with facilitating the work related to business
development and detail design work the “Purpose”);
NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good and
valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the Parties agree as follows:
1. PURPOSE: Eleqron Inc “Company.” desires to provide to ‘Recipient’ Information with respect to various
projects on an as and when needed basis for the sole purpose of performing duties as required by Eleqron.
All or part of such information may be considered by Eleqron to be confidential and proprietary. Therefore,
all information which is disclosed by Eleqron shall be regarded as confidential and proprietary information
subject to the terms of this Agreement (“Information”) if it is (a) provided in writing and marked confidential
or proprietary, (b) disclosed orally and identified at the time of disclosure as being confidential or
proprietary and the Information is summarized or described in writing marked confidential or proprietary
within (30) days after disclosure, or (c) provided on a computer disk, photographic, or other tangible media,
which is designated confidential or proprietary. Nothing contained in this letter shall obligate Eleqron to
provide any specific information that it otherwise desires to withhold.
2. DUTY OF NON-DISCLOSURE: Recipient agrees that it has no proprietary interest in the Information and that
Information shall be used solely for the purpose described above. Recipient further agrees not to disclose
any Information to any third party, including, but not limited to, its parent (if applicable), affiliates,
subsidiaries, consultants, agents, or subcontractors, without obtaining the prior written permission of
Eleqron. If such approval is provided, Recipient shall obtain in a written agreement or such third party to
be bound by the terms of this Agreement including an acknowledgment that Eleqron is a third-party
beneficiary thereof entitled to enforce its terms. Copies of such agreements shall be promptly provided to
Eleqron. Recipient further agrees to limit the availability of the Information to those officers, employees,
and approved third parties who need to know in connection with the purposes described above. Recipient
shall handle such Information with the degree of care as necessary to ensure it remains confidential.
3. RETURN OF INFORMATION: Recipient may not make copies of documents relating to the Information unless
authorized by Eleqron in writing. Any such copies shall be marked confidential or proprietary consistent
with the originals provided by Eleqron. As directed by Eleqron, Recipient shall either return or certify
destruction of all Information, and all copies thereof, within (10) days of any written request by Eleqron.
4. INFORMATION NOT COVERED BY THE AGREEMENT: Recipient ’s duties of confidentiality under this
Agreement shall not apply to Information which it can show is the same as information which;
(i) is or becomes generally available to the public without breach of this Agreement.
(ii) was in Recipient ’s possession before it was initially furnished by Eleqron; is later received from an
independent third party who is, as far as can reasonably be determined, under no limitation or
restriction with respect to such Information.
5. EQUITABLE RELIEF: Any violation of this Agreement will cause irreparable harm to Eleqron Inc. Accordingly,
Eleqron Inc shall be entitled to injunctive relief enjoining and restraining any violation in addition to any
other rights or remedies at equity or law. In no event shall Eleqron Inc be liable for indirect or consequential
damages, whether based in contract, tort (including negligence), strict liability or otherwise.
6. GOVERNING LAW: This Agreement shall be governed by and construed in accordance with the law of the
Province of Alberta, Canada, and its rules governing conflicts of law.
7. ENTIRE AGREEMENT: This Agreement contains the entire agreement and understanding between the
parties and merges and supersedes all prior discussions, writings, commitments, and understandings
between the parties as to the subject matter herein.
8. ADDENDUM: This Non-Disclosure Agreement may be amended or modified only by an instrument in writing
signed by authorized representatives of all Parties
IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date.
By:______________________
By:_________________________________
Name: Shahan Mehboob

Name: Zohaib Tariq; P. Eng.
Title: Lead Marketing & Sales Title: Principal Engineer

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CONFIDENTIALITY AGREEMENT

Name: Shahan Mehboob

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