Common use of Contribution Consideration Clause in Contracts

Contribution Consideration. As consideration for the contribution and transfer of the Contributed Interests, the Purchaser shall issue to the Seller (the “Contribution Consideration”) membership interests representing in the aggregate four percent (4.0%) of the issued and outstanding membership interests of the Purchaser (the “Greenlane Interests”), in accordance with the terms of the Governing Documents of the Purchaser and free and clear of all Encumbrances (other than any restrictions under the Securities Act or applicable state securities Laws or as set forth in the Purchaser’s Governing Documents).