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Re: lifegear post# 26

Monday, 05/07/2007 9:25:58 PM

Monday, May 07, 2007 9:25:58 PM

Post# of 59
I wonder who owns it now---or did they work out a deal over the years--or did the old gang start it back up again years after the forclosure

from 2002 8k

The collateral to be sold by First Source Loan Obligations Insured Trust, a
Delaware business trust ("First Source") shall consist of all property of Omni
Nutraceuticals, a Utah corporation ("Omni"), wherever located, whether owned,
licensed, leased, or consigned, in each case solely to the extent that First
Source has a perfected security interest therein, including, without limitation,
to the extent that First Source has a perfected security interest therein, all
of Omni's: (i) Accounts; (ii) Goods (including, without limitation, all of
Omni's Equipment, Fixtures and Inventory), (iii) General Intangibles, including,
without limitation, (A) all tax refunds, (B) all Intellectual Property
Collateral, (C) rights arising out of leases, licenses and contracts which are
not Accounts, and (D) all goodwill of Omni or associated with Omni's business;
(iv) Chattel Paper, Documents, Instruments, Certificated Securities,
Uncertificated Securities and Investment Property; (v) property (other than
money) currently in the possession or under the control of, or in transit to,
First Source, or any lender or any bank or other depository institution, or any
bailee, agent or custodian of First Source, or any lender or bank or other
depository institution or Omni; (vi) right, title and interest (if any) in and
to all accounts of Omni maintained by any bank and all other accounts maintained
by Omni (exclusive of any accounts maintained with First Source), all funds on
deposit therein, all investments arising out of such funds, all claims
thereunder or in connection therewith; (vii) insurance policies, including
claims or rights to payment thereunder; and (viii) liens, guaranties and other
rights and privileges pertaining to any of the foregoing or the following;
together with (ix) all books, ledgers, books of account, records, writings, data
bases, information and other property relating to, used or useful in connection
with, evidencing, embodying, incorporating or referring to, any of the
foregoing.


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