Steve Wallach and Michelle Wallach entered into a non-binding term sheet to acquire Direct Selling Division from Youngevity International, Inc. (NasdaqCM:YGYI) for $18.3 million on March 11, 2020. As part of the consideration, Steve Wallach and Michelle Wallach will give approximately 14 million shares of Youngevity's capital stock held and termination of stock options, the forgiveness of approximately $80 million of inter-company debt owed by the company to the direct selling business unit and the post-closing working capital level of the direct selling business unit to be mutually determined. All employees of Youngevity who are not primarily working in the Direct Selling Business Unit and are already employed by AL Global or one of its subsidiaries will be transitioned to become an employee of Youngevity or one of its subsidiaries on or prior to Closing. The company's Board of Directors has formed a special committee consisting of all of its independent directors to review and consider the terms of the proposed transaction. The transaction is subject to receipt of a fairness opinion and stockholder approval of the transaction. The special committee has engaged an investment banking firm to review the fairness of the proposed transaction to stockholders. Steve Wallach and Michelle Wallach cancelled the acquisition of Direct Selling Division from Youngevity International, Inc. (NasdaqCM:YGYI) on March 11, 2021.