Document:

Exhibit
10.2

    NEW NYCON,
INC.

    

    NON-COMPETE
AGREEMENT

    

    

    By this
Agreement effective March 31 2010, for good and valuable consideration, the
receipt of which is hereby acknowledged by the undersigned Officers of New
Nycon, Inc. (“Seller”), Seller hereby agrees not to directly or indirectly
compete with the business of NYCON CORPORATION (“Buyer”) and its successors and
assigns by engaging in any activities in the continental United States involving
the manufacture, distribution or sale of any re-enforcing and/or recyclable
fibers used in congealable materials such as asphalt or concrete (“Business
Operations”) for a  period of six (6) years following the closing of
the asset purchase transaction pursuant to the Asset Purchase Agreement of even
date herewith between Buyer and Seller or until the discontinuance of the
Business Operations of Buyer, whichever occurs first (“Non-Compete
Period”).

    

    During
the Non-compete Period, Seller shall not own, manage, operate or consult in a
business in the continental United States substantially similar to or
competitive with the Business Operations of Buyer or such other business
activity in which Buyer may substantially engage during the term of this
Agreement.

    

    Seller
acknowledges and agrees that the services, creations, trade secrets of Buyer and
Buyer’s customers and contacts developed by Buyer are or are intended to be
marketed and licensed to customers throughout the United
States.  Seller further acknowledges and agrees to the reasonableness
of the above outlined non-compete restriction and the reasonableness of the
geographic area and duration of time which are a part of this
Agreement.

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    Any
attempt on the part of Seller to induce employees of Buyer to leave Buyer’s
employ, or any effort by Seller to interfere with Buyer’s relationship with its
employees would be harmful and damaging to Buyer.  Seller agrees that
during the Non-compete Period, Seller will not in any way, directly or
indirectly (i) induce or attempt to induce any employee of Buyer to quit
employment with Buyer; (ii) otherwise interfere with or disrupt Buyer’s
relationship with its employees; (iii) solicit, entice, or hire away any
employee of Buyer; or (iv) hire or engage any employee of Buyer or any former
employee of Buyer whose employment with Buyer ceased less that one (1) year
before the date of this Agreement.

    

    During
the Non-Compete Period, Seller will not divert or attempt to divert from Buyer
any business Buyer has enjoyed or solicited from its customers including any
former customers of Seller.

    

    Seller
acknowledges that Buyer may, in reliance of this Agreement, provide Seller
access to trade secrets, customers and other confidential data and good will of
Buyer.  Seller agrees to retain said information as confidential and
not to use said information on its own behalf or disclose same to any third
party.

    

    This
Non-Compete Agreement shall extend throughout the Continental United
States.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    This
Agreement shall be binding upon and inure to the benefit of the parties, their
successors, assigns, and personal representatives.

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	NEW
      NYCON, INC. (Seller)	 	 
      	 
      	 
	 	 
      	 	 
      	 
      	 
	By:  	
                                    /s/ Brent Kopenhaver

                                  	 	
                                    Dated:

                                  	
                                    March 31, 2010

                                  	 
	 	 
      	 	 
      	 
      	 
	NYCON
      CORPORATION (Buyer)	 	 
      	 
      	 
	 	 
      	 	 
      	
                                     
      

                                  	 
	By:	
                                    /s/ Barry E. Fleck

                                  	 	
                                    Dated:

                                  	
                                    March 31, 2010

                                  	 

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        3Exhibit
10.3

    

    SELLING
SHAREHOLDERS

    

    NON-COMPETE
AGREEMENT

    

    

    By this
Agreement effective March 31, 2010 for good and valuable consideration, the
receipt of which is hereby acknowledged, for PURE EARTH, INC. and all corporate
subsidiaries (“SELLER SHAREHOLDERS”), hereby agree not to directly or indirectly
compete with the business of NYCON CORPORATION (“BUYER”) and its successors and
assigns by engaging in any activities in the continental United States involving
the manufacture, distribution or sale of any re-enforcing and/or recyclable
fibers or related products thereto used in congealable materials such as asphalt
or concrete (“Business Operations”) for a  period of six (6) years
following the closing of the asset purchase transaction pursuant to the Asset
Purchase Agreement of even date herewith between Buyer and Selling Shareholder
or until the discontinuance of the Business Operations of Buyer, whichever
occurs first (“Non-Compete Period”).

    

    During
the Non-Compete Period, Selling Shareholder shall not own, manage, operate or
consult in a business in the continental United States substantially similar to,
or competitive with the Business Operations of Buyer or such other business
activity in which Buyer may substantially engage during the term of this
Agreement.

    

    Selling
Shareholder acknowledges and agrees that the services, creations, trade secrets
of Buyer and Buyer’s customers and contacts developed by Buyer are or are
intended to be marketed and licensed to customers throughout the United
States.  Selling Shareholder further acknowledges and agrees to the
reasonableness of the above outlined non-compete restriction and the
reasonableness of the geographic area and duration of time which are a part of
this Agreement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Any
attempt on the part of Selling Shareholder to induce employees of Buyer to leave
Buyer’s employ, or any effort by Selling Shareholder to interfere with Buyer’s
relationship with its employees would be harmful and damaging to
Buyer.  Selling Shareholder agrees that during the Non-Compete Period,
Selling Shareholder will not in any way, directly or indirectly (i) induce or
attempt to induce any employee of Buyer to quit employment with Buyer; (ii)
otherwise interfere with or disrupt Buyer’s relationship with its employees;
(iii) solicit, entice, or hire away any employee of Buyer; or (iv) hire or
engage any employee of Buyer or any former employee of Buyer whose employment
with Buyer ceased less that one (1) year before the date of this
Agreement.

    

    During
the Non-Compete Period, Selling Shareholder will not divert or attempt to divert
from Buyer any business Buyer has enjoyed or solicited from its customers
including any former customers of Selling Shareholder.

    

    Selling
Shareholder acknowledges that Buyer may, in reliance of this Agreement, provide
Selling Shareholder access to trade secrets, customers and other confidential
data and good will of Buyer.  Selling Shareholder agrees to retain
said information as confidential and not to use said information on its own
behalf or disclose same to any third party.

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    This
Non-Compete Agreement shall extend throughout the continental United
States.

    

    This
Agreement shall be binding upon and inure to the benefit of the parties, their
successors, assigns, and personal representatives.

    

    
      
        
          
            	
                    Selling
      Shareholder and Pure Earth, Inc.

                  	 
      	 
      	 
      	 
	 
      	 
      	 
      	 
      	 
	
                    /s/ Brent Kopenhaver

                  	 
      	
                    Dated:

                  	
                    March 31, 2010

                  	 

          

        

      

    

    

    
      
        
          	
                  NYCON
      CORPORATION - Buyer

                	 
      	 
      	 
      	 
	 
      	 
      	 
      	 
      	 
      	 
	
                  By:

                	
                  /s/ Barry E. Fleck

                	 
      	
                  Dated:

                	
                  March 31, 2010

                	 

        

      

    

    
      
         

      

      
        3Exhibit
10.4

     

    LICENSE TERMINATION AND
EXTINGUISHING AGREEMENT

     

    This
License Termination and Extinguishing Agreement ("Termination Agreement") is entered into as
of March 31, 2010, by and between New Nycon, Inc. a Delaware corporation with an
address of One Neshaminy Interplex #201 Trevose, PA 19053, a wholly owned
subsidiary of Pure Earth, Inc. ("Licensee") and Paul E. Bracegirdle with an
address of P.O. Box 88 Langhorne, PA 19047 ("Licensor").  Capitalized terms
used herein and not otherwise defined shall have the respective meanings
ascribed to them in that certain License Agreement dated as of 30th day of
April, 2008 by and between Licensor and Licensee ("Exclusive License
Agreement”).

     

    WHEREAS, the Licensor granted
the Licensee the exclusive right and license to use the Technology and Products
pursuant to the License Agreement in accordance with the terms set forth
therein; and

     

    WHEREAS, the Licensor and
Licensee now wish to terminate and extinguish the License Agreement in its
entirety and in accordance with the terms set forth in this Termination
Agreement.

     

    NOW, THEREFORE, in
consideration of the foregoing and of the mutual promises contained herein and
for other valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties agree as follows:

     

    1.   Termination.
 The Licensor and the Licensee hereby terminate and extinguish the
Exclusive License Agreement effective as of the Termination Date (as defined
below). In furtherance of the foregoing, as of the Termination Date, Licensor
shall terminate and Licensee shall relinquish all of Licensee's rights set forth
in the Exclusive License Agreement, including, without limitation, Licensee's
right to use or sublicense in any manner the Technology, Product, Patents,
Licensed IP or the Trademarks. The Licensee agrees that any rights or
obligations contained within the Exclusive License Agreement shall be of no
further force and effect.

     

    2.   Termination Fee.
 The Licensor and the Licensee hereby agree that neither party shall be due
any Termination Fee or other obligation one-to-the-other
whatsoever.

     

    3.   Effective Date of
Termination.  The termination of the Exclusive License Agreement
provided for in Section 1 herein shall occur and be effective as of the date
first above written.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    By New
Nycon, Inc. (Licensee)

     

    
      
        	
                /s/ Brent Kopenhaver

              
	
                [Signature]

              
	 
      
	
                By
      Paul E. Bracegirdle (Licensor)

              
	 
      
	
                /s/ Paul E. Bracegirdle

              
	 
      
	
                By
      Pure Earth, Inc. (Shareholder of Licensee)

              
	 
      
	
                /s/ Brent Kopenhaver

              
	
                [Signature]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00174-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00174-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00174-of-00352.parquet"}]]