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Title: |
Confidentiality Agreement |
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Date: |
2005 |
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$34 |
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#1059576 |
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<SEQUENCE>4
<FILENAME>ex2pt3.txt
<DESCRIPTION>EXHIBIT 2.3 - CONFIDENTIALITY AGREEMENT
<TEXT>
EON LABS, INC.
1999 Marcus Avenue
Lake Success, NY 11042
February 11, 2005
Novartis Corporation
608 Fifth Avenue
New York, NY 10020
CONFIDENTIALITY AGREEMENT
Ladies and Gentlemen:
In order to allow you to evaluate a possible negotiated (except as
permitted by this letter agreement) transaction (the "PROPOSED TRANSACTION")
with Eon Labs, Inc. (the "COMPANY"), you have requested, following your
execution and delivery to us of this letter agreement, certain information about
the properties, employees, finances, businesses and operations of the Company.
All information about the Company and its subsidiaries, whether oral, written or
electronic, furnished by us or our Representatives (as defined below), whether
furnished before or after the date hereof, is referred to in this letter
agreement as "EVALUATION MATERIAL". Evaluation Material also includes all notes,
analyses, compilations, studies, interpretations or other documents prepared by
or for you or your Representatives which contain, reflect or are based upon, in
whole or in part, the information furnished to you or your Representatives
pursuant hereto. Evaluation Material does not include, however, information
which (a) is or becomes publicly available other than as a result of a
disclosure by you or your Representatives in violation of this letter agreement,
(b) was available to you on a nonconfidential basis prior to its disclosure by
us or our Representatives, (c) becomes available to you on a nonconfidential
basis from a person (other than us or our Representatives) who to your knowledge
after inquiry is not prohibited from disclosing such information to you by a
legal, contractual or fiduciary obligation to us, or (d) was independently
developed by you without your reference to the Evaluation Material. As used in
this letter agreement, the term "REPRESENTATIVE" means, as to any person, such
person's affiliates and its and its affiliates' directors, officers, employees,
agents, advisors (including, without limitation, financial advisors, counsel and
accountants) and other representatives and financing sources. As used in this
letter agreement, the term "PERSON" shall be broadly interpreted to include,
without limitation, any corporation, company, partnership or other legal or
business entity or any individual. As used in this letter agreement, "LAW" means
any applicable law, regulation (including, without limitation, any rule or
regulation of any organized securities exchange, market or automated quotation
system on which any of a person's securities are listed or quoted) or valid
legal process.
Subject to the immediately succeeding paragraph, unless otherwise
agreed in writing by us, (a) you agree, except as required by Law in connection
with a tender offer
<PAGE>
permitted by this letter agreement, to keep confidential and not to disclose or
reveal, directly or indirectly, any Evaluation Material to any person other than
those of your Representatives (i) who are actively and directly participating in
your evaluation of the Proposed Transaction or who otherwise need to know the
Evaluation Material for the purpose of evaluating the Proposed Transaction and
(ii) whom you will cause to observe the terms of this letter agreement, (b) you
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