Toniic Mutual Nondisclosure Addendum

This ADDENDUM is attached to and forms part of the “Toniic Mutual Non-Disclosure Agreement” between Toniic Institute, a Section 501(c)(3) nonprofit corporation ("Toniic" or "we" or "us") and the Toniic Member ("you" or "I") whose name and signature appear below:
(You) signed in 2016, whose purpose is to further the mission of educating impact investors on best practices and sharing impact investment deals. 

The undersigned parties, for good consideration, agree to make the changes and additions outlined below. To the extent that any of the terms or conditions contained in this Addendum may conflict with any of the terms or conditions of the Mutual Non-Disclosure Agreement, the terms of this Addendum shall take precedence and supersede the Mutual Non-Disclosure Agreement, which shall hereafter be referred to as the “Amended T100 Mutual Non-Disclosure Agreement.”

Changes in Definitions:

The definition of Member in the Mutual Non-Disclosure Agreement:

“Member” refers to an individual or institution that pays a membership fee in exchange for access to the Toniic membership platform and other benefits”

Is replaced in its entirety by the following:

“Member” refers to an individual or institution that pays a membership fee in exchange for access to the Toniic membership platform and other benefits. The definition includes former members of Toniic who agree to support Toniic research and public education activities through a financial donation.”

New definition:

External Research Partners: include consultants, academic institutions, and other for profit and not for profit organizations performing academic and/or financial research in impact investing.

Changes in Toniic’s Commitments to You:

Clause number I of the Mutual Non-Disclosure Agreement:

“We may use Member Information in order to produce reports and analyses on the investment activities of Members. In order to perform such reports and analyses, we may engage External Consultants who will have access to anonymized Member Information. All Member Information included in such reports will be anonymized and aggregated. Such reports will be made available on our website and distributed to third parties in furtherance of our mission to deliver research and education on impact investing to the general public.”


Is replaced in its entirety by the following:


“I. We may use Member Information to produce reports and analyses on the investment activities of Members. In order to perform and distribute such reports and analyses, we may engage External Research Partners who will have access to anonymized Member Information, including anonymized individual investment portfolios. Such reports are intended to further our mission to deliver research and education on impact investing to third parties and the general public, and will be made available by Toniic and by the External Research Partners. Toniic commits to signing a Non-Disclosure Agreement with External Research Partners that embeds the same confidentiality provisions of your Mutual Non-Disclosure Agreement and of this Addendum signed with Toniic”. 


Clause number IV of the Mutual Non-Disclosure Agreement, which refers to the version of the Toniic Diirectory of impact investments available only to Toniic Members:

“We may use Member Information in order to create a database of impact investments made. All Member Information included in such database will be anonymized. All Toniic members will have access to such database”.


Is replaced in its entirety by the following:



If you are signing this Agreement on behalf of an organization which has authorized you to contractually bind it to extend the confidentiality obligations of this Agreement to its employees, officers, directors, and agents, please include the name of the organization: