0001002554-07-000054 Sample Contracts

BUSINESS ACQUISITION AGREEMENT
Business Acquisition Agreement • July 5th, 2007 • Emerging Vision Inc • Retail-retail stores, nec • Ontario

This Business Acquisition Agreement (this “Agreement”) is made and entered into as of June 29th, 2007, by and among 1725758 Ontario Inc., d/b/a The Optical Group, a corporation governed under the laws of the Province of Ontario (“OG”), Corowl Optical Credit Services, Inc., a corporation governed under the laws of Canada (“COC”), Grant Osborne (hereinafter referred to as the “Shareholder”), an individual residing in the Province of Ontario, and OG Acquisition, Inc. (hereinafter referred to as the “Purchaser”), a New York corporation with offices located at 100 Quentin Roosevelt Boulevard, Suite 508, Garden City, New York 11530. Hereinafter OG, COC, Shareholder and Purchaser may sometimes hereinafter collectively be referred to as the “Parties”, and individually as a “Party”.

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