STOCK PURCHASE AND PROFITS INTEREST AGREEMENTStock Purchase and Profits Interest Agreement • July 23rd, 2002 • Davis Gary J • Services-misc health & allied services, nec • Texas
This Stock Purchase and Net Profits Agreement (this "Agreement") is made as of July 17, 2002, by and between Rodney B. Matthews, Agent (the "Seller"), and NHLT Equity Partners, L. P. (the "Purchaser"). In consideration of the mutual promises and covenants herein, the receipt and sufficiency are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows: SECTION 1 Authorization and Sale of Common Stock 1.1 Sale of Stock. Subject to the terms and conditions hereof, Seller will sell to the Purchaser and the Purchaser will buy from Seller at the Closing (as defined in Section 2.1) Forty-four Million (44,000,000) Common Shares (the "Shares") of National Health & Safety Corporation ("NHLT") for the aggregate purchase price of Eight Hundred Eighty Thousand Dollars ($880,000.00). Seller, as Agent, is selling shares for the following trusts: Lucinda Kay Nix Trust - 14,702,162 shares; Leah Janine Nix Trust - 14,702,163 shares; and, Jo M. Nix - 14,595,675
