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Wednesday, July 13, 2005 4:45:25 PM
Anyone want to decifer this into simple language? I'm still sorting all this out:
"In addition, to induce the shareholders of Biofrontera to consent to the transaction, the Registrant entered into a put agreement with another Biofrontera shareholder, Heidelberg Innovation. Pursuant to this agreement, if by December 31, 2005 Biofrontera does not complete its current offering of debt securities for at least (euro)10 million, Heidelberg Innovation may require the Registrant to purchase Heidelberg Innovation's ownership interest in Biofrontera of approximately 49% for (euro)1.6 million (approximately $1.96 million).
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