Common use of Purchase and Sale of the Ownership Interests Clause in Contracts

Purchase and Sale of the Ownership Interests. Buyer and Sellers hereby agree that upon the terms and subject to the satisfaction or waiver, if permissible, of the conditions set forth herein, Sellers shall sell, transfer and deliver to Buyer, and Buyer shall purchase from Sellers, free and clear of all Encumbrances, ninety-nine percent (99%) of the membership interests in Van Keuren (the “Ownership Interest”) for a purchase price equal to one million (1,000,000) shares of common stock of the Parent, par value $0.001 per share (the “Purchase Price”).