Purchasers for Purposes of Article VIII . Purchasers for purposes of ARTICLE VIII includes Purchasers as described into the very first paragraph with this 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 payday advances, loans guaranteed by individual home, quick unsecured loans or credit solutions services and products to customers through real storefront places.
Agreement never to Compete and also to maybe maybe maybe Not Solicit.
Being an inducement to getting 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 fast payday loans airline drive Alice TX 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 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) is certainly not meant to limit the power 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) for the company such online business. Further, this contract never to compete will likely not connect with an Internet-based customer Finance company; Internet-based product product sales; selling, renting or certification pc pc software developed for pawn and pay day loan 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 business that does business for a nationwide or basis that is multi-state though it could have shops within the Restricted Area won’t be a breach with this part 8.2.
As an inducement to stepping into this contract, which Purchasers would otherwise never be happy 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 limited events) agree totally that (1) come right into any agreement with or indirectly get employees or representatives of Purchasers for the intended purpose of causing them to go out of Purchasers to just just take work with Sellers, Seller Affiliates or just about any other individual or company entity; (2) compete, directly or indirectly, with Purchasers within the procedure of a Restricted Business owned, operated or handled by Purchasers in just a 25-mile radius of the stores. Notwithstanding any conditions towards the contrary, the Restricted Parties may collectively obtain and run as much as three (3) store-based pawn companies because of the geographical 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) work as an officer, manager, shareholder, partner, user, representative, associate or principal of any entity involved with the Restricted Business into the limited region 2.
Being an inducement to stepping into this contract, which Purchasers would otherwise never be ready to do, Roger Dechairo agrees that, he can perhaps maybe perhaps not (1) come into any contract with or indirectly obtain employees or representatives of Purchasers for the true purpose of causing them to go out of Purchasers to just simply just take work with Sellers, Seller Affiliates or just about any other individual or company entity; (2) compete, directly or indirectly, with Purchasers when you look at the procedure of the Restricted Business owned, operated or handled by Purchasers inside a seven and one-half (7.5) mile radius regarding the Location positioned at 704 principal Street, Longmont, CO (limited Area 3); or (3) work as an officer, manager, worker, shareholder, partner, user, agent, associate or principal of every entity engaged in the Restricted Business within the Restricted Area 3.
Notwithstanding any such thing into the contrary herein, Will and Lanham, the Restricted Parties and Roger Dechairo consent to (1) offer in a 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 make use of for almost any function, including solicitation, advertising or marketing, or retain a copy, whether hard content or in an electric structure, of these listings of clients after supplying such listings to Purchasers. The Restricted Parties and Roger Dechairo unconditionally represent and warrant to Purchasers and agree that the restrictions in the foregoing provisions are reasonable and that such provisions are enforceable in accordance with their terms to induce Purchasers to enter into this Agreement, Will and Lanham.