diff --git a/nda.md b/nda.md
index eefc5e4..2e2b7e3 100644
--- a/nda.md
+++ b/nda.md
@@ -187,7 +187,7 @@ If the potential merger or acquisition is an acquisition, the buying side shall
 
 ## Disclosure to Funding Sources
 
-_Receiving Party_ may disclose _Confidential Information_ to a source of financing for the potential merger or acquisition, an _Affiliate_, a limited partner, a member, a stockholder, or other investor.  Breach of _Receiving Party_ obligations by such recipients will be deemed breach of this agreement by _Receiving Party_ itself.
+_Receiving Party_ may disclose _Confidential Information_ to a source of financing for the potential merger or acquisition, an _Affiliate_, a limited partner, a member, a stockholder, or other investor, each with a need to know in connection with the potential merger or acquisition.  Breach of _Receiving Party_ obligations by such recipients will be deemed breach of this agreement by _Receiving Party_ itself.
 
 ## Nonsolicitation