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Heckmann (NYSE:HEK)

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Tuesday, November 9, 2010

Earn out terms associated with a stock purchase agreement on November 8, 2010:

For each of fiscal years 2011, 2012 and 2013 in which CVR achieves targeted EBITDA of $20.0 million (as described in the Purchase Agreement), the Company will pay Shareholders an additional $2 million plus one-half of the amount by which EBITDA exceeds $20.0 million for the relevant fiscal year (the “Earn-Out Payments”).

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