5012507 Ontario Limited entered into a purchase agreement to acquire 50% interest in Fundata Canada, Inc. from GVIC Communications Corp. (TSX:GCT) for CAD 55 million on April 4, 2019. The consideration of the transaction will be CAD 55 million and the purchase price will be paid at closing, an amount equal to CAD 45 million and a promissory note of CAD 10 million is payable over four years through a vendor take-back ("VTB"). The VTB is structured such that $2.5 million is to be paid each year subject to certain terms and conditions, and any remaining balance of the $10 million VTB is to be paid in full by the fourth year. 5012507 ONTARIO LIMITED promises to pay CAD 10 million of promissory note on or before April 4, 2023, together with interest. Allen McDonald Swartz LLP acted as legal advisor to 5012507 Ontario Limited and Farris Vaughan Wills & Murphy LLP acted as legal advisor to GVIC Communications Corp. 5012507 Ontario Limited completed the acquisition of 50% interest in Fundata Canada, Inc. from GVIC Communications Corp. (TSX:GCT) on April 5, 2019.