PURCHASE AND SALE AGREEMENT Dated as of November 10, 2011 by and between NATURE ENERGIES, INC., as Seller, and LAIDLAW ENERGY GROUP, INC., a New York corporation, as PurchaserPurchase and Sale Agreement • April 30th, 2012 • Laidlaw Energy Group, Inc. • Electric & other services combined • New York
Contract Type FiledApril 30th, 2012 Company Industry JurisdictionPage ARTICLE I DEFINITIONS 1 SECTION 1.1. Definitions 1 ARTICLE II PURCHASE AND SALE; CLOSING 9 SECTION 2.1. Closing 9 SECTION 2.2. Acquisition; Purchase Price; Closing Deliveries 9 2.2.1. Purchase Price 9 2.2.2. LLC Interests 12 2.2.3. Other Deliveries 12 2.2.4. General Right of Set Off; Dispute Resolution 13 2.2.5. Tax Treatment; Allocation 14 2.2.6. Transfer Taxes 15 ARTICLE III REPRESENTATIONS AND WARRANTIES OF SELLER 16 SECTION 3.1. Representations and Warranties of Seller 16 3.1.1. Company Status and Authority of Seller; Enforceability 16 3.1.2. No Conflicts or Liens 16 3.1.3. Enforceability 17 3.1.4. Organizational Documents 17 3.1.5. Minutes, etc 17 3.1.6. Ownership of the LLC Interests 17 3.1.7. Title to the LLC Interests 17 3.1.8. No Proceedings 18 3.1.9. Sophistication, etc 18 3.1.10. Brokers’ Fees 20 3.1.11. Ultimate Parent Entity 20 3.1.12. Financial Statements 20 SECTION 3.2. Joint and Several Representations and Warranties of Seller 20 3.2.1. Status and Authority of Susa
PURCHASE AND SALE AGREEMENT Dated as of November 10, 2011 by and between NATURE ENERGIES, INC., as Seller, and LAIDLAW ENERGY GROUP, INC., a New York corporation, as PurchaserPurchase and Sale Agreement • January 9th, 2012 • Laidlaw Energy Group, Inc. • New York
Contract Type FiledJanuary 9th, 2012 Company JurisdictionPage ARTICLE I DEFINITIONS 1 SECTION 1.1. Definitions 1 ARTICLE II PURCHASE AND SALE; CLOSING 9 SECTION 2.1. Closing 9 SECTION 2.2. Acquisition; Purchase Price; Closing Deliveries 9 2.2.1. Purchase Price 9 2.2.2. LLC Interests 12 2.2.3. Other Deliveries 12 2.2.4. General Right of Set Off; Dispute Resolution 13 2.2.5. Tax Treatment; Allocation 14 2.2.6. Transfer Taxes 15 ARTICLE III REPRESENTATIONS AND WARRANTIES OF SELLER 16 SECTION 3.1. Representations and Warranties of Seller 16 3.1.1. Company Status and Authority of Seller; Enforceability 16 3.1.2. No Conflicts or Liens 16 3.1.3. Enforceability 17 3.1.4. Organizational Documents 17 3.1.5. Minutes, etc 17 3.1.6. Ownership of the LLC Interests 17 3.1.7. Title to the LLC Interests 17 3.1.8. No Proceedings 18 3.1.9. Sophistication, etc 18 3.1.10. Brokers’ Fees 20 3.1.11. Ultimate Parent Entity 20 3.1.12. Financial Statements 20 SECTION 3.2. Joint and Several Representations and Warranties of Seller 20 3.2.1. Status and Authority of Susa