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Mister cash payday advances. L&W Characteristics, a Limited Liability Business

Mister cash payday advances. L&W Characteristics, a Limited Liability Business

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 moms and dads, successors, subsidiaries, or affiliates, whether now or hereafter owned, operated or managed by Purchasers. Customer Finance company is understood to be making payday advances, loans secured by individual property, short term loans or credit solutions items to clients through real storefront areas.

Agreement never to Compete and also to Not Solicit.

Being an inducement to stepping into this contract, which Purchasers would otherwise never be prepared 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) just isn’t designed to restrict the capability of Will and Lanham to conduct company over the Internet and such web business won’t be considered soliciting Purchasers clients so long as Will and Lanham aren’t directly soliciting clients (active or inactive) for 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 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 or for a business that does business for a nationwide or multi-state foundation also though it might probably have shops within the Restricted region will never be a breach of the part 8.2.

As 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) agree totally 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 simply simply take employment with Sellers, Seller Affiliates or just about any other individual or company entity; (2) compete, directly or indirectly, with Purchasers into the procedure of the Restricted Business owned, operated or handled by Purchasers within a 25-mile radius associated with the stores. Notwithstanding any provisions to your contrary, the Restricted Parties may collectively have and run as much as three (3) store-based pawn organizations with all the geographic limitation of these shops being five (5) kilometers as opposed to the 25 miles 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 when you look at the limited 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 perhaps perhaps not (1) come right 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 simply just just take employment with Sellers, Seller Affiliates or some payday loans no credit check Andover Massachusetts other individual or company entity; (2) compete, directly or indirectly, with Purchasers when you look at the procedure of a Restricted Business owned, operated or handled by Purchasers in just a seven and one-half (7.5) mile radius associated with Location situated at 704 Main Street, Longmont, CO (limited Area 3); or (3) behave as an officer, manager, worker, shareholder, partner, user, representative, associate or principal of any entity involved with the Restricted Business into the Restricted region 3.

Notwithstanding any such thing towards the contrary herein, Will and Lanham, the Restricted Parties and Roger Dechairo consent to (1) provide in an format that is electronic mutually agreed by the events all listings of clients (active and inactive) associated with the company within thirty (30) times after Purchasers convert the past Location to Purchasers point of purchase system and (2) never to utilize for almost any function, including solicitation, advertising or advertising, or retain a copy, whether difficult content or perhaps 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.

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