premise: (a) Each party acknowledges that all Confidential Information which has or will come into its possession or knowledge after the Effective Date in connection with business discussions, conferences or other activities in pursuit of a business relationship between Federal and IBS: (i) is proprietary to the disclosing party, having been designed, developed or accumulated by the disclosing party at a great expense and over lengthy periods of time and ***  Portions of this exhibit have been redacted pursuant to a Confidential Treatment Request. (ii) is secret, confidential and unique, and constitutes the exclusive property of the disclosing party. 