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MARK A. URICK and HEATHER URICK, - page 3 / 19

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1995 that was in the window treatment business. Through WFD, Inc., Mark operated two

stores: Window Fashion Design I (WFD I), located in Carmel; and Window Fashion

Design III (WFD III), located in Zionsville. (Window Fashion Design II was owned by

Mark’s sister and was entirely distinct from WFD, Inc.) Heather began working for Mark

in 1997, and later the two married in September 2001. Heather was formerly a certified

public accountant, but that certification lapsed by the time she began working for Mark.

In 1999, Mark decided to sell all of his stock in WFD, Inc., and contracted with

Larry Battershell, an agent with Indiana Business Resource (IBR), in order to facilitate

the sale. In March 2000, Huizinga became aware that Mark wanted to sell his stake in

WFD, Inc., and in early April 2000 he met with Mark regarding the business. At that

time, Huizinga operated a Budget Blinds franchise that was wholly owned by Huizinga,

Inc., which was Huizinga’s wife’s company. When Huizinga met with Mark to discuss

the sale of WFD, Inc., Mark gave Huizinga a “Confidential Business Profile” and

referred

him

to

Battershell.

Exhibits

at

15

(sequentially,

p.53).3

The

“Confidential

Business Profile” contained the following relevant information: (1) WFD, Inc.’s “[g]ross

revenues [we]re $1.1 million a year[,]” id.; (2) the “owner’s[, i.e., Mark’s,] cash flow

[was] over $175,000 a year[,]” id.; (3) the “asking price” was $450,000, id.; and (4) the

3 The index of the volume entitled “Exhibits” lists the “Confidential Business Profile” as appearing on page 15. The “Confidential Business Profile” in fact appears on the page following that which is marked as page 15. For ease of navigation, we note the “Confidential Business Profile” is sequentially the fifty- third page of the Exhibits volume. Given the numbering scheme of this volume, there appears to be no simpler way of indicating the location of the “Confidential Business Profile.” This proviso applies to every reference to the Exhibits.

3

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