LifeCell Corporation Confidentiality, Assignment of Contributions and Inventions, Non-Competition, and Non-Solicitation AgreementConfidentiality, Assignment of Contributions and Inventions, Non-Competition, and Non-Solicitation Agreement • May 20th, 2008 • Lifecell Corp • Surgical & medical instruments & apparatus
Background. I, Bruce Lamb, am executing this Confidentiality, Assignment of Contributions and Inventions, Non-Competition, and Non-Solicitation Agreement (this “Covenants Agreement”) with LifeCell Corporation (the “Company”) as a material inducement for Purchaser to enter into the Merger Agreement with the Company and as consideration for the substantial Sale Consideration which I will receive as a result of the transactions contemplated by the Merger Agreement. I acknowledge that (a) I have extensive knowledge of Confidential Information (as defined below), (b) I have developed relationships with the Company’s customers, distributors and suppliers through my employment with, and at the expense of, the Company, (c) I possess valuable skills and knowledge which have contributed to the successful operation of the Company prior to the closing of the Offer and which are expected to contribute to the successful operation of the Company after the closing of the Offer, (d) the Company wishes
