Article: Organic, Inc., Announces Sale of Stock by Majority Shareholder and Restructure of San Francisco Office Lease.

Business Editors

SAN FRANCISCO--(BUSINESS WIRE)--Dec. 4, 2001

Organic, Inc. (Nasdaq:OGNC), a technology-enabled marketing partner to Global 1000 companies, today announced that Organic Holdings LLC, its majority shareholder, has completed the previously announced sale of a majority of Organic's common stock to Seneca Investments LLC. Organic also announced that it has restructured the lease for its San Francisco headquarters.

Prior to Seneca's purchase, the agreement between Seneca and Organic Holdings was amended in various respects, including, but not limited to:

 
 
 
  (i) a reduction in the cash down-payments payable at the ...

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