Purchasers for Purposes of Article VIII . Purchasers for purposes of ARTICLE VIII includes Purchasers as described into the paragraph that is first of contract, their moms and dads, successors, subsidiaries, or affiliates, whether now or hereafter owned, operated or handled by Purchasers. Customer Finance company is thought as making pay day loans, loans guaranteed by individual home, short term loans or credit solutions services and products to clients through real storefront places.
Agreement never to Compete and also to maybe Not Solicit.
Being an inducement to stepping into this contract, which Purchasers would otherwise never be happy to do, R. Douglas Will, Timothy S. Lanham, K. Colette Sawyer, M. Christine Will, Wendell G. Lanham, R. Tedrow Will, Kathryn I. Will, and MMI (collectively Will and Lanham) agree them to leave Purchasers to take employment with Sellers, Seller Affiliates or any other person or business entity; (2) compete, directly or indirectly, with Purchasers in the operation of a store-based pawn or Consumer Finance Business (collectively, the Restricted Business) owned, operated or managed by Purchasers within a 25-mile radius of any such Restricted Business owned, operated or managed by Purchasers, including current and future locations owned, operated or managed by Purchasers and not limited to the locations being acquired pursuant to this Agreement (the Restricted Area); (3) act as an officer, director, employee, shareholder, partner, member, agent, associate or principal of any entity engaged in the Restricted Business in the Restricted Area; (4) enter into any agreement, including franchise agreements other than with existing Mister Money franchisees relating to their franchise agreements pertaining to their existing franchise territory, for or to participate in the ownership, management, operation or control of any Restricted Business within the Restricted Area; or (5) solicit customers known to be customers of the Business or Purchasers within the Restricted Area in the Restricted Business, including those payday loans with no credit check in Mobeetie TX known to be past or present customers of the Business that they will not (1) enter into any agreement with or indirectly solicit employees or representatives of Purchasers for the purpose of causing. The provision in product (5) just isn’t meant to restrict the capability of Will and Lanham to conduct company on the internet and internet that is such will never be considered soliciting Purchasers clients so long as Will and Lanham aren’t straight soliciting clients (active or inactive) associated with the company such online business. Further, this contract not to compete will not connect with an Internet-based customer Finance company; Internet-based product product product product sales; selling, renting or certification computer computer software developed for pawn and cash advance operations; consulting to pawn and customer Finance Businesses found no better than 25-miles from any one of the stores. Talking to or even for a company that does business on a nationwide or multi-state foundation also though it might probably have shops within the Restricted region won’t be a breach of the area 8.2.
As an inducement to getting into this contract, which Purchasers would otherwise never be ready to do, Joshua A. Lanham, Katie Lanham, R. Patrick Will, R. Matthew Will, Jamie B. Will, Ryan Sarmast, Jessica P. Sarmast, Benjamin Zander, and Stacey M. Zander (collectively the Restricted events) concur that (1) get into any contract with or indirectly get employees or representatives of Purchasers for the true purpose of causing them to go out of Purchasers to just just simply take work with Sellers, Seller Affiliates or other individual or company entity; (2) compete, directly or indirectly, with Purchasers within the procedure of the Restricted Business owned, operated or handled by Purchasers in just a 25-mile radius regarding the stores. Notwithstanding any conditions to the contrary, the Restricted Parties may collectively possess and run as much as three (3) store-based pawn companies because of the geographic limitation of these shops being five (5) kilometers as opposed to the 25 kilometers since set forth in Section 8.2(a) (limited Area 2); or (3) behave as an officer, manager, shareholder, partner, user, representative, associate or principal of every entity involved in the Restricted Business when you look at the Restricted region 2.
Being an inducement to getting into this contract, which Purchasers would otherwise never be prepared to do, Roger Dechairo agrees that, he can maybe perhaps not (1) come right into any agreement with or indirectly obtain employees or representatives of Purchasers for the true purpose of causing them to go out of Purchasers to take employment with Sellers, Seller Affiliates or other individual or company entity; (2) compete, directly or indirectly, with Purchasers within the procedure of the Restricted Business owned, operated or handled by Purchasers in just a seven and one-half (7.5) mile radius for the Location found at 704 principal Street, Longmont, CO (limited Area 3); or (3) work as an officer, manager, worker, shareholder, partner, user, representative, associate or principal of any entity involved in the Restricted Business within the Restricted region 3.
Notwithstanding such a thing to your contrary herein, Will and Lanham, the Restricted Parties and Roger Dechairo consent to (1) offer within an format that is electronic mutually agreed by the events all listings of clients (active and inactive) of this company within thirty (30) times after Purchasers convert the very last Location to Purchasers point of purchase system and (2) not to utilize for just about any function, including solicitation, advertising or marketing, or retain a copy, whether difficult copy or in an electric structure, of these listings of clients after supplying such listings to Purchasers. To induce Purchasers to come right into this Agreement, Will and Lanham, the Restricted Parties and Roger Dechairo unconditionally represent and warrant to Purchasers and concur that the limitations into the foregoing conditions are reasonable and therefore such conditions are enforceable relative to their terms.