Common use of Company Creation and Use of Confidential Information Clause in Contracts

Company Creation and Use of Confidential Information. The Executive understands and acknowledges that the Company has invested, and continues to invest, substantial time, money, and specialized knowledge into developing its resources, creating a customer base, generating customer and potential customer lists, training its employees, and improving its offerings relating to the karaoke business including the development, production, marketing, and distribution of consumer karaoke audio equipment, accessories, music, musical instruments, and licensed youth electronic products. The Executive understands and acknowledges that as a result of these efforts, the Company has created, and continues to use and create Confidential Information. This Confidential Information provides the Company with a competitive advantage over others in the marketplace.

Company Creation and Use of Confidential Information. The Executive understands and acknowledges that the Company has invested, and continues to invest, substantial time, money, money and specialized knowledge into developing its resources, creating a customer base, generating customer and potential customer lists, training its employeesemployees (including the Executive), and improving its offerings relating to in the karaoke business including the developmentfield of diversified drugs, productiontherapeutics and medical devices for men’s and women’s reproductive health, marketing, urology and distribution of consumer karaoke audio equipment, accessories, music, musical instruments, and licensed youth electronic productsoncology. The Executive understands and acknowledges that as a result of these efforts, the Company has created, and continues to use and create Confidential Information. This Confidential Information provides the Company with a competitive advantage over others in the marketplace.