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Gries Investment Fund I, LLC, a Florida limited liability company, 4830 W. Kennedy Blvd., Suite 445, Tampa, Florida 33609 (the “Buyer”), hereby agrees with Bruce Harmon, 428 SW 9th Street, Cape Coral, Florida 33991 (the “Seller”), as follows:
Sale of the Shares. The Buyer hereby agrees to buy from the Seller, and the Seller hereby agrees to sell to the Buyer, 50,000 shares (the “Purchased Shares”) of Common stock in Alternative Construction Technologies, Inc. a Florida corporation, Ticker Symbol ACCY (the “Company”), for the price of $1.30 per share in accordance with the terms stated in this Agreement. The Purchased Shares are eligible for sale under Rule 144 commencing immediately.
Purchase Price. The total Purchase Price due from the Buyer is $65,000.00. The Purchase Price shall be paid to the Seller by such method as shall be specified by the Seller at the time that the Buyer executes this Agreement.
Delivery of Certificates Representing the Purchased Shares. The Seller shall deliver certificates representing the Purchased Shares within three (3) business days after the payment of the purchase price. The Purchased Shares shall be free of liens or encumbrances.
Seller’s Representations and Warranties. Seller hereby represents and warrants to Buyer, as of the date of this Agreement, and as of the closing of the transaction contemplated by this Agreement:
Seller has good, absolute and marketable title to the Purchased Shares, free and clear of any liens, encumbrances, agreements, voting trusts, proxies or restrictions of any kind. Seller has the complete and unrestricted right, power and authority to sell, transfer and assign the Purchased Shares pursuant to this Agreement. The delivery of the Purchased Shares to Buyer as herein contemplated will vest