USA (subject to an equity rebalancing mechanism) and extend a credit facility of up to USD$2 million (with potential for an additional USD$5 million line at the sole discretion of Fort) to accelerate U.S. growth, product development, and market expansion. The proposed structure includes performance-based equity compensation of shares of Fort to the founder of Logia USA, based on the performance of Logia USA. The LOI also provides for potential equity rebalancing based on certain milestone achievements, which may result in the founder of Logia holding up to 85% and Fort 15% of Logia USA upon full achievement of the targets within 3 years from the date of definitive agreements.
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