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Asset Purchase Agreement

Asset Purchase Agreement

Asset Purchase Agreement | Document Parties: ANSWERS CORP | Interesting.com, Inc.  | Chris Whitten You are currently viewing:
This Asset Purchase Agreement involves

ANSWERS CORP | Interesting.com, Inc. | Chris Whitten

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Title: Asset Purchase Agreement
Governing Law: New York     Date: 11/8/2006
Industry: Computer Services    

Asset Purchase Agreement, Parties: answers corp , interesting.com  inc.  , chris whitten
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Exhibit 10.2

 

 

November 2, 2006

 

Answers Corporation

237 West 35 th Street

Suite 1101

New York, NY 10001

Attn: Robert S. Rosenschein, CEO

 

 

Re: Non-Competition Covenant

 

Dear Bob:

 

In consideration for the Purchase Price paid for the Transferred Assets by Buyer, as detailed in the Asset Purchase Agreement entered into between Answers Corporation (“ Buyer ”), on the one hand, and the undersigned, Interesting.com, Inc. (“ Seller ”) and Chris Whitten (“ Shareholder ”), on the other, dated November 2, 2006 (the " Purchase Agreement "), we, the undersigned, jointly and severally, agree and undertake as follows:

 

1.

Whether as principal, agent, stockholder, consultant, partner, member, or in any other capacity whatsoever, other than on behalf of Buyer, not to (a) participate in, engage in, or be in any manner associated with the development, publishing, marketing, distribution, creation, licensing or sale of any venture which competes, directly or indirectly, with Buyer's business in the area of (i) collaborative questions and answers websites, (ii) "wiki" community website(s), and/or (iii) any website(s) targeting the collection and editing of information through user-generated content (the " Non-Compete Field ") for a period, commencing on the Closing Date, of (y) three (3) years for the area described in 1(a)(i) above and (z) one (1) year for the area described in 1(a)(ii) and 1(a)(iii) above, unless otherwise agreed between the parties in writing; or (b) interfere with the business of Buyer or approach, contact, or solicit Buyer’s users in connection with a purpose within the Non-Compete Field. In the event that the provisions of this Section 1 are deemed to exceed the time, geographic, or scope limitat


 
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