NON-COMPETITION AGREEMENT
This AGREEMENT made this 30th day of June, 2000,
BETWEEN
PRINT DATA CORP.
the Corporation, having its principal offices at ▇▇ ▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇, Hereinafter referred to as the
"Company";
AND
▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
residing at ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇, hereinafter
referred to as "Doehler".
WHEREAS, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ proposes to terminate his
employment with Print Data Corp. and the parties hereto wish to
enter into a Non-Competition Agreement, it is therefore agreed as
follows:
1. Doehler agrees that for a period of ten (10) years
from the date hereof, he shall not in any way contact, solicit,
or sell to any of the existing clients of Print Data Corp. This
Agreement shall mean that he may not, through himself, any
corporation he may be affiliated with, any agent or in any other
way deal with the customers of Print Data Corp.
2. In consideration thereof, the Company hereby agrees to
pay to Doehler, the sum of Four hundred and sixty thousand
dollars ($460,000.00) payable by semi-annual payments of Twenty-
three thousand dollars ($23,000.00), the first payment being due
on December 31, 2000 and for nineteen (19) additional payments
thereof, each six (6) month anniversary of said date, until the
entire balance is due and paid, the last payment due on June 30,
2010.
PRINT DATA CORP.
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As to
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