Proprietary Information; Noncompetition Covenants. (a) The Company has done nothing to compromise the secrecy, confidentiality or value of any of its trade secrets, know-how, inventions, prototypes, designs, processes or technical data required to conduct its business as now conducted or as proposed to be conducted. The Company has taken in the past and will take in the future reasonable security measures to protect the secrecy, confidentiality and value of all its trade secrets, know-how, inventions, prototypes, designs, processes, and technical data important to the conduct of its business. (b) Each current employee of the Company has executed a nondisclosure and assignment of inventions agreement at least as restrictive as the form previously provided to the Investors as an exhibit to the Securities Purchase Agreement, dated June 12, 2000, as amended, by and among the Company and the Investors. Each consultant to the Company has executed a confidentiality and assignment agreement restricting the disclosure of proprietary information of the Company and assigning to the Company all inventions made by such consultant in the course of consulting for the Company. The Company is not aware that any of the employees, officers or consultants of the Company, past or present, is in violation of such agreements, and the Company will use its best efforts to prevent any such violation.
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Sources: Series B Preferred Stock and Warrants Purchase Agreement (Interactive Telesis Inc), Series B Preferred Stock and Warrants Purchase Agreement (Interactive Telesis Inc), Series B Preferred Stock and Warrants Purchase Agreement (Interactive Telesis Inc)