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MARK A. URICK and HEATHER URICK, - page 4 / 19

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“information [contained on the profile] [wa]s believed true, but [wa]s not verified. No

warranty [wa]s expressed, nor [wa]s it implied.” Id.

Shortly thereafter, Huizinga signed a confidentiality agreement provided by IBR

and Battershell arranged a meeting between him, Mark, Heather, and Huizinga. On April

5, 2000, Battershell provided Huizinga with the following documents relating to WFD,

Inc.: A 1997 profit and loss statement; a 1998 profit and loss statement; a 1999 profit and

loss statement; a balance sheet dated December 31, 1997; a balance sheet dated

December 31, 1998; and a balance sheet dated December 31, 1999.

On April 12 or 13, 2000, Huizinga met with the Uricks and Battershell. At that

meeting, the Uricks and Battershell provided Huizinga with the following additional

documents relating to WFD, Inc.: (1) A profit and loss statement dated January 1999 –

December 1999; (2) a profit and loss statement dated January 2000; (3) a profit and loss

statement dated August 15, 1999 – November 30, 1999; and (4) a second profit and loss

statement from WFD III dated January 2000. Regarding these documents, the Uricks

told Huizinga the financial statements being reviewed were final, rather than preliminary.

Additionally: Heather confirmed that WFD, Inc.’s cash flow was $175,000; both Heather

and Mark informed Huizinga that Heather was still a certified public accountant; and the

Uricks represented that the numbers contained on the documents relating to WFD III

were in addition to (rather than included in) those contained on the documents relating to

WFD I.

Following this meeting, Huizinga made a formal offer to purchase all of the shares

of WFD, Inc. for $450,000 on April 21, 2000. Mark did not accept Huizinga’s offer. 4

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