Distributor Non-Compete Agreement


For good and valuable consideration the receipt of which is hereby acknowledged, _________ (Distributor), the undersigned Distributor hereby agrees not to directly or indirectly compete with the business of SKYRUNWAYS PRIVATE LIMITED (Company) and its successors and assigns during the period of employment and for a period of 5 years following termination of employment and notwithstanding the cause or reason for termination. Distributor shall not own, manage, operate, consult or to be employed in a business substantially similar to, or competitive with, the present business of Company or such other business activity in which Company may substantially engage during the term of employment. Distributor acknowledges that Company may, in reliance of this agreement, provide Distributor access to trade secrets, customers and other confidential data and good will. Distributor agrees to retain said information as confidential and not to use said i nformation on his or her own behalf or disclose same to any third party. This agreement shall be binding upon and inure to the benefit of the parties, their successors, assigns, and personal representatives.