The total consideration for Alward was $2,857,000, payable $1,600,000 in cash, $1,000,000 in a note payable
and $257,000 in EquiVision common stock.
FACT Corporation (OTCBB:FCTOA), an emerging nutrition solutions company, today announced that it has entered into an agreement with various third parties whereby FACT has transferred all of its rights and interest in a promissory note payable
to FACT by a former subsidiary, Capital Reserve Canada Corporation (CRCL).
Upon the approval and closing of the Recapitalization, OESI will use the $5 million cash received from LFC to eliminate a note payable
, plus interest, to its existing partner in PGV.
The balance of the purchase price was provided by the issuance of a $17,300,000 note payable
with Wachovia Bank, National Association.