MEMBERSHIP INTEREST PURCHASE AGREEMENT AMONG PROSPECT GLOBAL RESOURCES, INC., A DELAWARE CORPORATION, AMERICAN WEST POTASH, LLC AND THE KARLSSON GROUP, INC. DATED AS OF MAY 30, 2012Membership Interest Purchase Agreement • June 4th, 2012 • Prospect Global Resources Inc. • General bldg contractors - residential bldgs • Arizona
This Membership Interest Purchase Agreement (this “Agreement”), dated as of May 30, 2012 (the “Effective Date”), is entered into between The Karlsson Group, Inc., an Arizona corporation, having an office located at 18 Ozone Avenue, Venice, CA 90291 (“Seller”), American West Potash, LLC, a Delaware limited liability company with its principal office located at 1621 18th Street, Suite 260, Denver, CO 80202 (“AWP” or “Company”), and Prospect Global Resources Inc., a Delaware corporation (“Buyer”), a wholly-owned subsidiary of Prospect Global Resources Inc., a Nevada corporation (“PGRX”), with its principal office located at 1621 18th Street, Suite 260, Denver, CO 80202. Buyer, Seller and Company are sometimes referred to in this Agreement, collectively, as the “Parties,” and individually, as a “Party.”
PROSPECT GLOBAL RESOURCES, INC. DENVER, COLORADO 80202 MAY 30, 2012Purchase Agreement • June 4th, 2012 • Prospect Global Resources Inc. • General bldg contractors - residential bldgs
Reference is made to that certain Membership Interest Purchase Agreement (the “Purchase Agreement”), of even date herewith, entered into by and among The Karlsson Group, Inc., an Arizona corporation (“KG”), American West Potash, LLC, a Delaware limited liability company (“AWP”), and Prospect Global Resources Inc., a Delaware corporation (“Prospect”). Capitalized terms used but not defined in this Agreement (this “Agreement”) shall have the meaning set forth in the Purchase Agreement.
