SALE AND ASSIGNMENT OF OWNERSHIP INTERESTSSale and Assignment of Ownership Interests • July 20th, 2015 • Advanced Drainage Systems, Inc. • Plastics foam products
This Sale and Assignment of Ownership Interests dated July 17, 2015 (this “Sale Agreement”) is entered into by and among ADS Ventures, Inc. (“ADS/V”), BaySaver Technologies, Inc. (“BTI”) and Mid-Atlantic Storm Water Research Center, Inc. (“Mid-Atlantic”). Unless otherwise defined in this Sale Agreement, capitalized terms used herein shall have the meanings provided them in the BaySaver Technologies, LLC (the “Company”) Limited Liability Company Agreement dated July 15, 2013 (the “Agreement”). Advanced Drainage Systems, Inc. (“ADS”) joins in this Sale Agreement as Guarantor of the financial obligations of ADS/V, as set forth more fully herein.
