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Old 08-15-2017
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arig arig is offline
Winning Races / Advanced Member (250+ Posts)
Join Date: Oct 2004
Location: Woodmere, LI
Posts: 483
Re: Skip Barber Racing School liquidation sale

Liquid Assets paid $830k for Skippy's assets minus a Purchase Price Adjustment to be determined at closing if assets have materially changed in their condition. I attached the order authorizing the sale and the Asset Purchase Agreement, which includes the Schedules of included assets (Schedule A and A-1) and excluded assets (Schedule B). The only excluded asset is "Debtorís rights to credit card receipts from Card Connect." They are also selling: Customer & Vendor lists; Social Media accounts and log inís: Facebook, Twitter, Instagram, YouTube, etc.; and Sales Force Log in and data download.

I'm not certain but I think non-confidential personal information of its customers is for sale. I'm curious how that is handled.
Attached Files
File Type: pdf ASSET PURCHASE AGREEMENT.pdf (1.53 MB, 40 views)
File Type: pdf Order auth Sale.pdf (214.4 KB, 32 views)
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