SECURITIES PURCHASE AGREEMENT by and among COLD SPRING CAPITAL INC., SEDONA DEVELOPMENT PARTNERS, LLC, SEVEN CANYONS INVESTORS, L.L.C., DAVID V. CAVAN and CAVAN MANAGEMENT SERVICES, L.L.C. Dated as of November 3, 2006Securities Purchase Agreement • November 9th, 2006 • Cold Spring Capital Inc. • Blank checks • Delaware
This Securities Purchase Agreement (this “Agreement”) is entered into as of November 3, 2006 by and among (i) Cold Spring Capital Inc., a Delaware corporation (the “Purchaser”), (ii) Sedona Development Partners, LLC, an Arizona limited liability company (the “Company”), (iii) Seven Canyons Investors, L.L.C., an Arizona limited liability company (the “Seller”), and (iv) solely for purposes of Sections 5.3(b) and 5.5 through 5.11, David V. Cavan and Cavan Management Services, L.L.C., an Arizona limited liability company (together, “Cavan”).
