Free Non-Compete Agreement Template 16Free Non-Compete Agreement Template 16Free Non-Compete Agreement Template 16
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NON-COMPETITION AGREEMENT
This Non-Competition (this "Agreement") is made and entered into as of October 30, 2006 by and
between _________________________________ ("Acquiror"), _____________________________ (the
"Target"), and _________________________ ("Smith" and, together with Target, the "Inducer").
RECITALS
A.
Pursuant to that certain Asset Purchase Agreement (the "Purchase Agreement") dated as of
even date herewith by and among Acquiror, Target, and certain other parties thereto, Acquiror will acquire
substantially all of the assets of the Target together with all of the goodwill of Target related to the
business of Target being conducted and proposed to be conducted by Target, comprised of the
establishing, maintaining and publishing of an online marketplace whereby consumers may search,
compare and apply for credit cards suited to such consumers' needs (the "Target Business"). The effective
time of this Agreement (the "Effective Time") shall be the effective time of the closing