According to the document in the link at the end of this post the purchase of Roadtrek by 𝗥𝗮𝗽𝗶𝗱𝗼 𝗚𝗿𝗼𝘂𝗽𝗲 is proceeding. 𝗟𝗮 𝗠𝗲𝘀𝗮 𝗥𝗩 𝗶𝘀 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗶𝗻𝗴 𝟭𝟭𝟯 𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗲𝗱 𝗥𝗩𝘀 𝗳𝗿𝗼𝗺 𝗛𝗚𝗡𝗔 𝗶𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆 using the “Hymer” or “Carado” brand 𝗮𝘀 𝗽𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝘁𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻. La Mesa has provided a US$1 million deposit. Here are some key aspects of the agreement. Read the document at the link for additional information and to view the source:
"𝗧𝗵𝗲 𝗥𝗼𝗮𝗱𝘁𝗿𝗲𝗸 𝗕𝘂𝘆𝗲𝗿 (Rapido Group) 𝗶𝘀 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗶𝗻𝗴 𝘁𝗵𝗲 𝗳𝗼𝗹𝗹𝗼𝘄𝗶𝗻𝗴 𝗮𝘀𝘀𝗲𝘁𝘀 relating to the Roadtrek Business: a. “Roadtrek” branded recreational vehicle inventory, including raw chassis, work-in-process and finished goods and all related raw material and spare part inventory located in Ontario; b. fixed assets and equipment; c. certain prototype vehicles; d. the lease for 20 Tyler Street, Cambridge, Ontario (the “Lease”), including the security deposit but excluding tenant inducements; e. intellectual property solely relating to the Roadtrek Business; f. information technology systems, including hardware, software, licences and associated contracts; g. goodwill; h. business records; i. motor vehicles; and j. all dealer tags in the Receiver’s possession. .....
𝗧𝗵𝗲 𝗥𝗼𝗮𝗱𝘁𝗿𝗲𝗸 𝗕𝘂𝘆𝗲𝗿 𝘄𝗶𝗹𝗹 𝗵𝗼𝗻𝗼𝘂𝗿 𝘄𝗮𝗿𝗿𝗮𝗻𝘁𝘆 𝗰𝗹𝗮𝗶𝗺𝘀 𝗼𝗳 𝘂𝗽 𝘁𝗼 $𝟭,𝟱𝟬𝟬 𝗽𝗲𝗿 𝘂𝗻𝗶𝘁 on “Roadtrek” vehicles forming part of the Purchased Assets for a two year warranty period starting on the date of purchase by a consumer, but only for warranty claims made by the original purchaser. No warranty shall be provided in respect of certain itemized vehicles identified as Excluded Warranty Vehicles under the Roadtrek APA [Agreement of Purchase and Sale] which shall include vehicles potentially subject to the second row seating issue (described in Section 10.0 below). [From section 10.0: 𝗧𝗵𝗲 𝟮𝟬𝟭𝟲 𝗧𝗲𝘀𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗮𝗽𝗽𝗲𝗮𝗿𝗲𝗱 𝘁𝗼 𝗶𝗻𝗱𝗶𝗰𝗮𝘁𝗲 𝘁𝗵𝗮𝘁 𝘁𝗵𝗲 𝘀𝗲𝗰𝗼𝗻𝗱 𝗿𝗼𝘄 𝘀𝗲𝗮𝘁𝗶𝗻𝗴 𝗶𝗻 𝗰𝗲𝗿𝘁𝗮𝗶𝗻 𝗥𝗼𝗮𝗱𝘁𝗿𝗲𝗸 𝗯𝗿𝗮𝗻𝗱 𝗥𝗩 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆, 𝘀𝘂𝗰𝗵 𝘀𝗲𝗰𝗼𝗻𝗱 𝗿𝗼𝘄 𝘀𝗲𝗮𝘁𝗶𝗻𝗴 𝗵𝗮𝘃𝗶𝗻𝗴 𝗯𝗲𝗲𝗻 𝗶𝗻𝘀𝘁𝗮𝗹𝗹𝗲𝗱 𝗯𝘆 𝗘𝗛𝗚𝗡𝗔 𝗼𝗻 𝘁𝗵𝗲 𝗠𝗲𝗿𝗰𝗲𝗱𝗲𝘀 𝟯𝟱𝟬𝟬 𝗥𝗮𝘄 𝗖𝗵𝗮𝘀𝘀𝗶𝘀, 𝗱𝗶𝗱 𝗻𝗼𝘁 𝗽𝗮𝘀𝘀 𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻 𝗠𝗼𝘁𝗼𝗿 𝗩𝗲𝗵𝗶𝗰𝗹𝗲 𝗦𝗮𝗳𝗲𝘁𝘆 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 (𝗖𝗠𝗩𝗦𝗦) 𝗮𝗻𝗱 𝗙𝗲𝗱𝗲𝗿𝗮𝗹 𝗠𝗼𝘁𝗼𝗿 𝗩𝗲𝗵𝗶𝗰𝗹𝗲 𝗦𝗮𝗳𝗲𝘁𝘆 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 (𝗙𝗠𝗩𝗦𝗦) 𝟮𝟬𝟳, 𝗦𝟰.𝟮 (𝗰) ].......
𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀. The Roadtrek APA contemplates that the Roadtrek Buyer may, but is not required to, offer employment to current or former employees of the 026 Page 14 Company (such employees who accept employment offers being “New Hires”). The Receiver understands that the 𝗥𝗼𝗮𝗱𝘁𝗿𝗲𝗸 𝗕𝘂𝘆𝗲𝗿 𝗶𝗻𝘁𝗲𝗻𝗱𝘀 𝗼𝗻 𝗼𝗳𝗳𝗲𝗿𝗶𝗻𝗴 𝗲𝗺𝗽𝗹𝗼𝘆𝗺𝗲𝗻𝘁 𝘁𝗼 𝗮𝗽𝗽𝗿𝗼𝘅𝗶𝗺𝗮𝘁𝗲𝗹𝘆 𝟭𝟬𝟬-𝟭𝟭𝟬 𝗼𝗳 𝘁𝗵𝗲𝘀𝗲 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀 𝘂𝗽𝗼𝗻 𝗖𝗹𝗼𝘀𝗶𝗻𝗴 𝗼𝗿 𝘄𝗵𝗲𝗻 𝗽𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗿𝗲𝘀𝘂𝗺𝗲𝘀 post-Closing, with the stated goal of growing its workforce to more than 200 employees by the end of 2020. Closing Conditions The Closing of the Roadtrek Transaction is subject to the following........". and so on.
𝗧𝗵𝗲 𝗥𝗼𝗮𝗱𝘁𝗿𝗲𝗸 𝗕𝘂𝘆𝗲𝗿 𝘄𝗶𝗹𝗹 𝗵𝗼𝗻𝗼𝘂𝗿 𝘄𝗮𝗿𝗿𝗮𝗻𝘁𝘆 𝗰𝗹𝗮𝗶𝗺𝘀 𝗼𝗳 𝘂𝗽 𝘁𝗼 $𝟭,𝟱𝟬𝟬 𝗽𝗲𝗿 𝘂𝗻𝗶𝘁 on “Roadtrek” vehicles forming part of the Purchased Assets for a two year warranty period starting on the date of purchase by a consumer, but only for warranty claims made by the original purchaser. No warranty shall be provided in respect of certain itemized vehicles identified as Excluded Warranty Vehicles under the Roadtrek APA [Agreement of Purchase and Sale] which shall include vehicles potentially subject to the second row seating issue (described in Section 10.0 below). [From section 10.0: 𝗧𝗵𝗲 𝟮𝟬𝟭𝟲 𝗧𝗲𝘀𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗮𝗽𝗽𝗲𝗮𝗿𝗲𝗱 𝘁𝗼 𝗶𝗻𝗱𝗶𝗰𝗮𝘁𝗲 𝘁𝗵𝗮𝘁 𝘁𝗵𝗲 𝘀𝗲𝗰𝗼𝗻𝗱 𝗿𝗼𝘄 𝘀𝗲𝗮𝘁𝗶𝗻𝗴 𝗶𝗻 𝗰𝗲𝗿𝘁𝗮𝗶𝗻 𝗥𝗼𝗮𝗱𝘁𝗿𝗲𝗸 𝗯𝗿𝗮𝗻𝗱 𝗥𝗩 𝗜𝗻𝘃𝗲𝗻𝘁𝗼𝗿𝘆, 𝘀𝘂𝗰𝗵 𝘀𝗲𝗰𝗼𝗻𝗱 𝗿𝗼𝘄 𝘀𝗲𝗮𝘁𝗶𝗻𝗴 𝗵𝗮𝘃𝗶𝗻𝗴 𝗯𝗲𝗲𝗻 𝗶𝗻𝘀𝘁𝗮𝗹𝗹𝗲𝗱 𝗯𝘆 𝗘𝗛𝗚𝗡𝗔 𝗼𝗻 𝘁𝗵𝗲 𝗠𝗲𝗿𝗰𝗲𝗱𝗲𝘀 𝟯𝟱𝟬𝟬 𝗥𝗮𝘄 𝗖𝗵𝗮𝘀𝘀𝗶𝘀, 𝗱𝗶𝗱 𝗻𝗼𝘁 𝗽𝗮𝘀𝘀 𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻 𝗠𝗼𝘁𝗼𝗿 𝗩𝗲𝗵𝗶𝗰𝗹𝗲 𝗦𝗮𝗳𝗲𝘁𝘆 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 (𝗖𝗠𝗩𝗦𝗦) 𝗮𝗻𝗱 𝗙𝗲𝗱𝗲𝗿𝗮𝗹 𝗠𝗼𝘁𝗼𝗿 𝗩𝗲𝗵𝗶𝗰𝗹𝗲 𝗦𝗮𝗳𝗲𝘁𝘆 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 (𝗙𝗠𝗩𝗦𝗦) 𝟮𝟬𝟳, 𝗦𝟰.𝟮 (𝗰) ].......
𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀. The Roadtrek APA contemplates that the Roadtrek Buyer may, but is not required to, offer employment to current or former employees of the 026 Page 14 Company (such employees who accept employment offers being “New Hires”). The Receiver understands that the 𝗥𝗼𝗮𝗱𝘁𝗿𝗲𝗸 𝗕𝘂𝘆𝗲𝗿 𝗶𝗻𝘁𝗲𝗻𝗱𝘀 𝗼𝗻 𝗼𝗳𝗳𝗲𝗿𝗶𝗻𝗴 𝗲𝗺𝗽𝗹𝗼𝘆𝗺𝗲𝗻𝘁 𝘁𝗼 𝗮𝗽𝗽𝗿𝗼𝘅𝗶𝗺𝗮𝘁𝗲𝗹𝘆 𝟭𝟬𝟬-𝟭𝟭𝟬 𝗼𝗳 𝘁𝗵𝗲𝘀𝗲 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀 𝘂𝗽𝗼𝗻 𝗖𝗹𝗼𝘀𝗶𝗻𝗴 𝗼𝗿 𝘄𝗵𝗲𝗻 𝗽𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗿𝗲𝘀𝘂𝗺𝗲𝘀 post-Closing, with the stated goal of growing its workforce to more than 200 employees by the end of 2020. Closing Conditions The Closing of the Roadtrek Transaction is subject to the following........". and so on.
No comments:
Post a Comment