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warrants that he has removed therefrom his
personal effects only and all files, documents,
data, and any information whatever pertaining to
the business of the Buyer will remain the property
of the Buyer and will remain on the Buyer’s
premises.
* * * * * * *
6. COMPETITION: The Seller, R. William
Becker, will be free to engage in any and all
aspects of the citrus industry, including the
growing, picking, and packing of citrus fruit,
except that, for a period of three (3) years from
closing, Seller shall not directly or indirectly
engage in the processing or sale of citrus
concentrate or fresh juices; provided further,
Seller covenants and agrees that he will not
solicit the company’s existing customers or in any
way interfere with the Company’s presently-
existing business relationships, nor will he
provide to any person, firm or corporation any
information concerning the present business of
BECKER HOLDING CORPORATION that is not public
knowledge, including without limitation, the terms
of said Company’s agreement with Coca-Cola Company
or its subsidiaries, the Company’s customer lists,
the Company’s marketing strategy, the Company’s
financial data, or other internal marketing or
production information of BECKER HOLDING
CORPORATION. The Seller will not in any way take
any action that would lead to impairment of the
Buyer’s currently-existing banking relationships.
* * *
At the closing on April 1, 1991, BHC paid William Becker $5
million as a downpayment. BHC also executed a promissory note
for $18,953,934, payable to William Becker, requiring annual
payments of $5 million per year, including interest, on the first
day of April each year up to and including April 1, 1996. The
promissory note stated in part that “This note is issued pursuant
to that certain Agreement dated March 15, 1991, by and between
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