Purchasers for Purposes of Article VIII . Purchasers for purposes of ARTICLE VIII includes Purchasers as described within the very first paragraph with this contract, their parents, successors, subsidiaries, or affiliates, whether now or hereafter owned, operated or handled by Purchasers. Customer Finance company is understood to be making pay day loans, loans secured by individual home, quick unsecured loans or credit solutions items to clients through real storefront areas.
Agreement never to Compete also to maybe Not Solicit.
As an inducement to getting into this contract, which Purchasers would otherwise never be ready 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 that they can perhaps not (1) come 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 take work with Sellers, Seller Affiliates or virtually any individual or company entity; (2) compete, directly or indirectly, with Purchasers into the procedure of the store-based pawn or customer Finance Business (collectively, the limited company) owned, operated or handled by Purchasers in just a 25-mile radius of such Restricted Business owned, operated or handled by Purchasers, including present and future areas owned, operated or handled by Purchasers and never restricted to the areas being acquired pursuant to this contract (the Restricted Area); (3) behave as an officer, manager, employee, shareholder, partner payday loans in George IA, user, representative, associate or principal of every entity involved with the Restricted Business within the Restricted region; (4) enter any contract, including franchise agreements apart from with current Mister Money franchisees associated with their franchise agreements related to their current franchise territory, for or even to be involved in the ownership, administration, procedure or control of any limited company inside the limited region; or (5) solicit clients regarded as clients associated with the company or Purchasers in the Restricted region into the Restricted company, including those regarded as previous or current clients for the company. The supply in product (5) 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 are not straight soliciting clients (active or inactive) of this company such web business. Further, this contract not to compete will not connect with an Internet-based customer Finance company; Internet-based merchandise product sales; selling, renting or certification computer 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 and for an organization that does business on a nationwide or basis that is multi-state though it might have stores within the Restricted region will never be a breach with this part 8.2.
Being an inducement to stepping 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 limited events) concur that (1) come into any contract 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 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 for the stores. Notwithstanding any conditions towards the contrary, the Restricted Parties may collectively acquire and run as much as three (3) store-based pawn companies because of the geographical limitation for those shops being five (5) miles 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 any entity involved in the Restricted Business into the limited region 2.
As an inducement to stepping into this Agreement, which Purchasers would otherwise never be happy to do, Roger Dechairo agrees that, he can maybe perhaps not (1) come into any contract with or indirectly obtain employees or representatives of Purchasers for the intended purpose of causing them to go out of Purchasers to 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 operation of the Restricted Business owned, operated or handled by Purchasers in just a seven and one-half (7.5) mile radius regarding the Location situated at 704 Main 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 any such thing into the contrary herein, Will and Lanham, the Restricted Parties and Roger Dechairo consent to (1) offer within an electronic structure as mutually agreed by the events all listings of clients (active and inactive) for the company within thirty (30) times after Purchasers convert the very last Location to Purchasers point of purchase system and (2) never to utilize for almost any function, including solicitation, advertising or marketing, or retain a copy, whether difficult content or perhaps in an electric structure, of these listings of clients after providing such listings to Purchasers. To cause Purchasers to come into this contract, 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 prior to their terms.