Free Non-Compete Agreement Template 17Free Non-Compete Agreement Template 17Free Non-Compete Agreement Template 17
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DEED OF NON-COMPETITION UNDERTAKING AND RELEASE
THIS DEED is entered into on the 22nd day of September 2006
BY
[Name of the Subject], holder of People's Republic of China identity card
number
[ID number of the Subject] (the "SUBJECT")
IN FAVOUR OF
[Name of the PRC entity], a limited liability company incorporated under the
laws of the PRC and having its registered office at [address of the PRC
entity]
(the "COMPANY")
AND
XINHUA FINANCE MEDIA LIMITED, a company incorporated in the Cayman Islands
with
registration number 157511 and having its registered office located at Century
Yard, Cricket Square, Hutchins Drive, P.O. Box 2681GT, George Town, Grand
Cayman, British West Indies (the "XFM")
WHEREAS:
A. All of the outstanding interest in the Company not already beneficially
owned
by XFM (the "BSG EQUITY") has or will be beneficially acquired by XFM pursuant
to, inter alia, the subscription agreement to be entered into between XFM and
the Subject (the "SUBSCRIPTION AGREEMENT").
B. It is a