RICK » Topics » 2. Acknowledgments and Agreements of Cornetta . Cornetta acknowledges and agrees that:
This excerpt taken from the RICK 8-K filed Apr 21, 2008.
and Agreements of Cornetta. Cornetta acknowledges and agrees
to the nature of Rick’s business, the foregoing covenants place no greater
restraint upon Cornetta than is reasonably necessary to protect the
business and goodwill of Rick’s;
covenants protect a legitimate interest of Rick’s and do not serve solely
to limit Rick’s future competition;
Non-Competition Agreement is not an invalid or unreasonable restraint of
breach of these covenants by Cornetta would cause irreparable damage to
covenants will not preclude Cornetta from becoming gainfully employed
following the closing of the Purchase
covenants are reasonable in scope and are reasonably necessary to protect
Rick’s business and goodwill and valuable and extensive trade which Rick’s
have established through their own expense and
signing of this Non-Competition Agreement is necessary as part of the
consummation of the Transaction previously discussed;
has carefully read and considered all provisions of this Non-Competition
Agreement and agrees that all of the restrictions set forth are fair and
reasonable and are reasonably required for the protection of the interests
of Rick’s Media.
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