AGREEMENT CONCERNING NON-DISCLOSURE/NON-CIRCUMVENTION
EXHIBIT
10.8
AGREEMENT
CONCERNING NON-DISCLOSURE/NON-CIRCUMVENTION
It
is
understood that this is a Proprietary Information and Non-Competition Agreement
with regards to Xxxx Xxxxxx (“Xxxxxx”) and Sweetskinz, Inc., a Pennsylvania
corporation (“Sweetskinz”). Mellet and Sweetskinz shall be sometimes
collectively be referred to as “Parties". It is understood further that changes
to this Agreement must be in writing and acknowledged by the
Parties.
The
Agreement contains material restrictions on Mellet’s right to (i) compete with
Sweetskinz, or (ii) disclose or use information learned or developed by Mellet
through his association with or as an employee of Sweetskinz from the beginning
of time through April 4, 2016 (“Term”).
1.
|
CONSIDERATION
|
Mellet
shall receive 5,123,878 shares of Sweetskinz common stock (“Shares”) as full
consideration for this Agreement.
2.
|
NON-COMPETITION
AND NON-SOLICITATION
|
(a) In
consideration of Sweetskinz’s agreement to provide Mellet with the Shares,
Mellet agrees:
(1)
to
refrain, directly or indirectly, during the Term from accepting business from,
doing business with, inducing or soliciting any Sweetksinz customers to whom
Mellet rendered any services during the course of Mellet’s employment with
Sweeetskinz, to do business with Mellet, or with any other person or entity,
in
competition with the type of services performed by Mellet for Sweetskinz except
on behalf of and as an authorized representative of Sweetskinz.
(2)
to
refrain, directly or indirectly, during the Term from accepting business from,
doing business with or inducing or soliciting, any Sweetskinz vendor who is
instrumental in any aspect of the design, development, production or sales
of
any Sweetskinz product.
(3)
to
refrain, directly or indirectly, during the Term from having any interest in
or
association with any business which competes with Sweetskinz pneumatic colorized
tire products or any other future Products produced by Sweetskinz. Such entities
shall include any related entity in which Mellet or his immediate family is
a
shareholder, director, officer, employee, partner, proprietor, joint venturer,
consultant or otherwise, anywhere worldwide.
(4)
any
idea, concept, technique, invention, creation, copyrightable or patentable
work
("Product") relating to pneumatic colorized tires or other products sold or
developed by Sweetskinz, that Mellet is instrumental in creating, developing
or
producing, or helping to create, develop or produce, during the time that Mellet
is employed by Sweetskinz shall be considered owned by Sweetskinz, whether
conceived by Mellet individually or jointly, on or off Sweetskinz's premises.
Mellet hereby irrevocably assigns such Product to Sweetskinz and authorizes
Sweetskinz to execute on Mellet’s behalf such documents as it may deem necessary
to confirm and protect its interests therein. However, Mellet may develop
products which do not in any material way compete with any Product of
Sweeetskinz so long as such development is of no cost to Sweetskinz, is done
after “working hours” (defined as 45-hour work week) and does not interfere with
Mellet’s responsibilities as the Chief Technology Officer of
Sweetskinz.
Mellet
acknowledges that this Section 2 is reasonable, among other things, because
Sweetskinz anticipates selling its products on all continents of the world
and
developing relationships with manufacturers, wholesalers and retailers on such
continents
3.
|
CONFIDENTIALITY:
|
Each
Party agrees at all times during the Term to hold in the strictest confidence,
and not use, except for the benefit of the Parties or to disclose, transfer
or
reveal, directly or indirectly to any person or entity any confidential
information.
4.
|
INJUNCTIVE
RELIEF:
|
If
Sweetskinz so elects, Sweetskinz shall be entitled, in addition to all other
remedies available, including but not limited to actual, compensatory and
punitive damages, or to specifically enforce the performance by Mellet and
to
enjoin the violation by Mellet of any provision hereof. Moreover, the parties
hereto acknowledge that the damages suffered by Sweetskinz as a result of any
violations of Section 2 by Mellet may be difficult to ascertain and Sweetskinz
may not have an adequate remedy at law. Accordingly, the parties agree that
in
the event of a breach by Mellet of Xxxxxxxxx 0, Xxxxxxxxxx shall be entitled
to
specific enforcement by injunctive relief of Mellet’s obligations to Sweetskinz,
without bond and such remedies shall not be deemed to be exclusive of any other
remedies available to Sweetskinz, by judicial or arbitral proceedings or
otherwise.
The
remedies referred to above shall not be deemed to be exclusive of any other
remedies available to Sweetskinz, by judicial or arbitral proceedings or
otherwise, including to enforce the performance or observation of the covenants
and agreements contained in this Agreement.
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5.
|
ATTORNEY’S
FEES:
|
It
is
agreed that if any legal action or other proceeding is brought for the
enforcement of this Agreement, or because of an alleged dispute, breach, default
or misrepresentation in connection with any provision of this Agreement the
successful Party or Parties, as the case may be, shall be entitled to recover
reasonable attorney’s fees and other costs incurred in that proceeding in
addition to any other relief or judgment to which it may be
entitled.
6.
|
GENERAL:
|
The
obligations under the Agreement are binding upon the heirs, assigns and legal
representatives. This Agreement is governed by the laws of Pennsylvania. If
any
of this Agreement is more restrictive than permitted by law in any jurisdiction
in which enforcement is sought, this Agreement will be limited only to the
extent necessary to bring this Agreement within the law of such jurisdiction
and
other provisions of the Agreement will remain in force.
The
parties signing below have read and understood this Agreement and agree to
its
terms and conditions.
Xxxxx
0,
0000
XXXXXXXXXX,
INC.
By:
/s/ Xxxxxx Xxxxxxx
Xxxxxx
Xxxxxxx
Chief
Executive Officer
/s/
Xxxx
Xxxxxx
Xx.
Xxxx
Xxxxxx
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