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COVENANT NOT TO COMPETE
For
and in consideration of $10.00 and other good and valuable
consideration, the receipt and sufficiency of which is hereby
acknowledged, the undersigned and Sitestar Corporation
covenant and agree as follows:
| 1. |
The
undersigned agrees that for a period of five years following the
date of execution of this covenant he will not directly,
individually, together, or as a partner, agent, manager, member,
officer, director, shareholder, by contract, or in any similar
manner, engage in any or all of the prohibited activities, as
defined herein, with any other party or in association with any
entity within the states of Idaho or Montana.
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| 2. |
Prohibited
activities include any activity involving the sales, design, and/or
servicing and maintaining service for dialup internet, broadband
internet, wide area networks, and network security.
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| 3. |
The
undersigned further agrees that he will not engage in the
solicitation of customers, business, or patronage, on behalf of any
person or entity engaged in the prohibited activities, will refrain
from entering into or engaging in any discussion or negotiation, or
assisting in such actions intended to obtain information from any
employee, agent, or manager of Sitestar Corporation concerning the
prohibited activit
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