World Surveillance Group Inc (fka WSGI)

[coastiretired]

Phipps HAD a non-compete with WSGI until 2016. WSGI released him of those covenants in December when they sold the assets to what has now become Orbital Tracking Corp (TRKK). It doesn't appear he ever really complied with them anyway. . .

See Section 6.02. . .
http://www.sec.gov/Archives/edgar/data/919742/000114420411033076/v224429_ex10-1.htm

"Release of Non-Compete and Confidentiality. In consideration of the release set forth in Section 4 below and for good and other consideration, (i) GTC and the Company shall as of the Termination Date release Phipps from (x) the non-competition, intellectual property and non-solicitation covenants and provisions set forth in his Employment Agreement dated May 25, 2011 (the “Employment Agreement”) and in the Stock Purchase Agreement among GTC, Growth Enterprise Fund, S.A., the Company and Phipps dated May 25, 2011 (the “Stock Purchase Agreement”), as such covenants and provisions relate solely to Phipps’ potential employment or engagement by either Great West Resources, Inc. or Orbital Satcom Corp. or their respective successors or affiliates following the Termination Date"
http://www.sec.gov/Archives/edgar/data/919742/000110262414002038/exh10_3.htm