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 parents, successors, subsidiaries, or affiliates, whether now or hereafter owned, operated or managed by Purchasers. Customer Finance company is thought as making pay day loans, loans guaranteed by individual home, short term loans or credit solutions items to clients through real storefront areas.
Agreement never to Compete also to Not Solicit.
Being an inducement to stepping into this contract, which Purchasers would otherwise never be willing 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 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 supply in product (5) is certainly not designed to restrict the capability of Will and Lanham to conduct company on the internet and such web business won’t be considered soliciting Purchasers clients so long as Will and Lanham aren’t straight soliciting clients (active or inactive) of this company such web business. Further, this contract never to compete will likely not connect with an Internet-based customer Finance company; Internet-based product sales; selling, leasing or certification pc computer software developed for pawn and cash advance operations; consulting to pawn and customer Finance Businesses located no better than 25-miles from any one of the stores. Talking to and for a business that does business for a nationwide or basis that is multi-state though it might probably have shops within the Restricted region will never be a breach with this area 8.2.
Being an inducement to getting into this contract, which Purchasers would otherwise never be prepared 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 obtain employees or representatives of Purchasers for the true purpose of causing them to go out Butler payday loans reviews of Purchasers to simply simply take work with Sellers, Seller Affiliates or just about any other individual or business 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 of the stores. Notwithstanding any provisions to your contrary, the Restricted Parties may collectively possess and operate as much as three (3) store-based pawn companies aided by the geographical limitation of these shops being five (5) miles rather than 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 every entity involved in the Restricted Business into the limited region 2.
As an inducement to getting into this Agreement, which Purchasers would otherwise never be ready to do, Roger Dechairo agrees that, he can maybe perhaps not (1) get 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 simply simply take work with Sellers, Seller Affiliates or every 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 associated with the Location found at 704 principal Street, Longmont, CO (limited Area 3); or (3) become an officer, manager, employee, shareholder, partner, user, representative, associate or principal of every entity involved with the Restricted Business when you look at the Restricted region 3.
Notwithstanding such a thing towards 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) 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 just about any function, including solicitation, advertising or marketing, or retain a copy, whether difficult content or perhaps in an electric structure, of such 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.