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NON-COMPETE AGREEMENT
This
NON-COMPETE AGREEMENT is
entered into as of the
1st day
of
November 2007 by
and between Sitestar Corporation (the “Company”) and
United Systems Access, Inc. (“Seller”).
For
value received in relation to this Transaction for good and
valuable consideration the receipt and sufficiency of which
are hereby acknowledged, Company and Seller hereby agre as
follows:
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1.
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During
the Restricted Period, the Seller will
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a.
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Not
directly or indirectly compete with the business of the Company and
it successors and assigns with regard to the dial-up Internet
access business. Nothing herein shall limit the ability of Seller
to provide web hosting services. Nothing herein shall limit the
ability of Seller to acquire an enterprise that includes dial-up
Internet access as an ancillary part of its business, provided that
Seller divests itself of such dial-up Internet business within a
reasonable time. Nothing herein shall limit the ability of Seller
to provide dial up Internet access to its commercial customers as a
back-up method of accessing the Internet.
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b.
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Not
induce or attempt to persuade any former, current or future
employee, agent, manager, consultant, director, or other
participant in the Company’s business to terminate such
employment or other relationship in order to enter into any
relationship with the Seller, any business organization in which
the Seller is a participant in any capacity whatsoever, or any
other business organization in competition with the
Corporation’s business; or
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c.
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Not
use contracts, proprietary information, trade secrets, confidential
information, customer lists, mailing lists, goodwill, or other
intangible property used or useful in connection with the
Company’s business as it pertains to Internet access except
in connection with Seller’s web hosting
business.
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d.
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Retain
information related to the dial-up Internet business which is set
forth as confidential and will not use said information on his or
her own behalf or disclose same to any third party.
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