GFOA and GSG will treat the information submitted on the YieldAdvantage web site during the course of transactions conducted on the web site (the "information") as confidential. Except as provided in the
displayed on the YieldAdvantage web site, as amended from time to time (notice of any amendments to the Guidelines that affect confidentiality issues shall be delivered to all registered users of YieldAdvantage and amendments shall only apply to information submitted after receipt of such notice), neither GFOA nor GSG will disclose or otherwise make available the information in any form to any person except to (i) those employees and agents of GFOA and GSG who need access to the information to facilitate the effectuation of transactions initiated through the web site; and (ii) those persons to whom disclosure may be required to effectuate transactions initiated through the web site. Nothing herein shall be construed, however, to prohibit GFOA or GSG from making any disclosures required of GFOA or GSG pursuant to any legal process or request from any governmental authority having jurisdiction over GFOA or GSG. The restrictions set forth in this disclaimer will not apply to information that (i) becomes generally available to the public other than as a result of a disclosure by GFOA or GSG or by their respective directors, officers, employees, agents or advisors, (ii) becomes available to GFOA or GSG on a non-confidential basis from a source other than the user, provided that such information is not known by GFOA or GSG to be subject to another confidentiality agreement, (iii) consists of general statistics related to the volume or type of transactions, and the number of entities participating in transactions conducted on the YieldAdvantage web site; or (iv) consists of solicitations or bids submitted on the web site by a user of the web site so long as the identity of such user is not disclosed in relation to such bids or solicitations.