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loanranger

09/28/10 9:03 AM

#330737 RE: dpilon #330735

"7. You agree that you will not, at any time, during the term of this Agreement, and for one (1) year following the termination of this Agreement or your employment hereunder, either directly or indirectly, engage in, with or for any enterprise, institution, whether or not for profit, business, or company, competitive with the “Business” of the Company or SpongeTech as such Business may be conducted on the date thereof, as a creditor, guarantor, or financial backer, stockholder, director, officer, consultant, advisor, employee, member, or otherwise of or through any corporation, partnership, association, sole proprietorship or other entity; provided, that an investment by you, your spouse or your children is permitted if such investment is not more than four percent (4%) of the total debt or equity capital of any such competitive enterprise or business. SpongeTech shall have the right in its sole discretion to waive this covenant not to non-compete. As used herein, the term “Business” shall mean, with respect to the Company, the development, manufacture and distribution of products derived from “Hydrophilic Urethane Chemistry,” and with respect to SpongeTech, the development, manufacture, sale and distribution of hydrophilic polyurethane and polyurethane sponge cleaning and waxing products."



Which of the following Bell Pharmaceutical Products or lines of business in the links that YOU provided competes with the "Business" as defined?

PRODUCTS
Bell Pharmaceuticals offers a broad assortment of our own branded products available for mass retail distribution. Our team can work with your company to distribute our branded products in your retail locations.

A sampling of our our branded products includes:

*Caffeine Stimulants (JET-ALERT)
*Hand Sanitizers (HAND-ALERT)
*Motion Sickness (TRAV-L-TABS)
*Ear Ache Relief
*Breath Mints
*Lip Balm

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BikerBob

09/28/10 11:16 AM

#330739 RE: dpilon #330735

OH NO... did Bell Pharm just add SpongeBob Square Pants sponges?
No.
But he was the reason Spong got into the Big Box Stores.
The other $50 million sales were M+M's doing, not his.
Or he would be on the hook too.

Hard to compete with a BK company.
Who's going to file law suites against you anyway??

All non-disclosure non-complete contracts vary State to State.
They are illegal in CA.
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puppydotcom

09/28/10 2:44 PM

#330747 RE: dpilon #330735

Dicon is gone .. time to get over the loss of 100% of the money invested in SPNG