Bowmo Inc (BOMO)

[Chaddy]

Can anyone dissect this for me?

Pursuant to the terms of a non-competition agreement to be entered into as of the Subsequent Closing of the Supreme Sweets Acquisition, Seller and its affiliates will agree that neither Seller nor any of their respective affiliates will (i) engage in the Business in Canada for a period of five years following the closing of the Supreme Sweets Acquisition or (ii) solicit Seller employees for a period of five years following the closing of the Supreme Sweets Acquisition, each subject to certain exceptions.

Does this mean that once the agreement closes, even though Mario is a 20% Shareholder with Supreme Sweets Acquisitions, he will not be affiliated with the company for a minimum of 5 years?