Common use of Further Transactions Clause in Contracts

Further Transactions. The parties acknowledge that the transaction herein is the first of two contemplated transactions among the parties; that pursuant to a letter of intent, the Purchaser intends to purchase either the remaining 81% of member interests, making the Company a wholly owned subsidiary, or in the alternative, purchase 100% of the Company’s assets. The structure of the second contemplated transaction is subject to the completion of due diligence and accounting advice. The parties agree that the Purchaser shall have the exclusive right to purchase the remaining member interests or the assets until January 20, 2010.

Further Transactions. The parties acknowledge that the transaction herein is the first of two contemplated transactions among the parties; that pursuant to a letter of intent, the Purchaser intends to purchase either the remaining 81% of member interests, making the Company a wholly owned subsidiary, or in the alternative, purchase 100% of the Company’s 's assets. The structure of the second contemplated transaction is subject to the completion of due diligence and accounting advice. The parties agree that the Purchaser shall have the exclusive right to purchase the remaining member interests or the assets until January 20, 2010.