Common use of Purpose of the Offer Clause in Contracts

Purpose of the Offer. The purpose of the Offer and the Merger is for Purchaser to acquire control of, and the entire equity interest in, Turnstone. Pursuant to the Merger, Purchaser will acquire all of the stock of Turnstone not purchased pursuant to the Offer or otherwise. Stockholders of Turnstone who sell their Shares in the Offer will cease to have any equity interest in Turnstone or any right to participate in its earnings and future growth.