Date Closed

November 20, 2009

Lead Office

Québec City

Value

7.00 Million CAD

On October 21, 2009, Advitech Inc. completed the acquisition of Botaneco Specialty Ingredients Inc. from SemBioSys Genetics, Inc., a biotechnology company, and Avrio Ventures Management Corporation, a venture capital firm. The company acquired Botaneco for a purchase consideration of approximately C$4.5 million.

The acquisition enables Advitech to expand into new markets through the addition of products and distribution channels.

On November 26, 2009, Advitech announced that, further to the consolidation of its common shares on a 8-for-1 basis (the "Consolidation"), the TSX Venture Exchange Inc. (the "TSX-V") has approved the release from escrow of the previously announced acquisition of all the issued and outstanding shares of Botaneco held by Avrio and SemBioSys (the "Transaction"), an equity financing in the amount of C$2.5 million with, among others, AgeChem Venture Fund L.P. ("AgeChem") and Avrio (the "Equity Financing") and the redemption of the 58,083,334 pre-Consolidation common share purchase warrants held by AgeChem (the "Redemption of the AgeChem Warrants"), which have been closed in escrow on November 20, 2009. The approval of the TSX-V being the only condition to the release of the escrow, the escrow has now been lifted.

Advitech, headquartered in San Antonio, Texas, is a health sciences and technology company with a mission to discover and commercialize proprietary and evidence-based natural health products.

Botaneco, haedquartered in Calgary, Alberta, is the global developer and marketer of innovative Oleosome-based ingredients to the personal care and OTC topical markets.

McCarthy Tétrault LLP represented Advitech, as acquiror, with a team led by Philippe Leclerc.