NON-COMPETITION AGREEMENTNon-Competition Agreement • November 29th, 2006 • Moventis Capital, Inc. • Services-business services, nec • British Columbia
PTL ACQUISITION CORP., a corporation incorporated under the laws of British Columbia and having its registered office at Suite 304, 1959 – 152nd Street, White Rock, British Columbia, Canada, V4A 9P3
ACKNOWLEDGEMENT AGREEMENTAcknowledgement Agreement • November 29th, 2006 • Moventis Capital, Inc. • Services-business services, nec • British Columbia
This ACKNOWLEDGEMENT AGREEMENT (“Acknowledgement Agreement”) is entered into as of November ____, 2006 by and among MOVENTIS CAPITAL, INC., a corporation formed under the laws of the State of Delaware (the “Parent”), PTL ACQUISITION CORP., a wholly-owned subsidiary of the Parent organized under the laws of the Province of British Columbia (the “Buyer”), PTL ELECTRONICS LTD., a corporation organized under the laws of the Province of British Columbia (“PTL”), and ALBION SERVICES LTD., DR GRATIO TSANG in trust for THE TSANG FAMILY TRUST, CENTURY I HOLDINGS INC., DAVID MCALPINE, PAUL HEATHCOTE, GUNDYCO ITF MARILYN LEE/ANTHONY LEE and MARILYN LEE (collectively, the “Securityholders”). The Parent, the Buyer, PTL and the Securityholders are referred to collectively herein as the “Parties”.
