Acquisition Status
Music Lab — Acquisition
Deal Progress
Phase 4 of 5Legal & Corporate
5 items| Item | Status |
|---|---|
|
Non-Disclosure Agreement (NDA)
Fully executed by both co-owners, William Swan and Devon Brabham.
|
Completed |
|
Letter of Intent (LOI)
Skipped — all parties agreed to waive the LOI and proceed directly into the Definitive Purchase Agreement.
|
Completed |
|
Intellectual Property
Identifying and scheduling all intellectual property — trademarks, brand assets, and associated rights — to be assigned to the buyer at closing.
|
In Progress |
|
Definitive Purchase Agreement (DPA) — Draft
Draft reviewed and agreed to by all parties.
|
Completed |
|
DPA — Full Signatures
Fully executed by all parties.
|
Completed |
Deal Phases
Documents & Signatures
Review and electronically sign deal documents.
Escrow Phase 1 — Complete
Funding, release conditions, and disbursement for this transaction.
Phase 1 Complete
Seller Personal & Legal Representations
Personal legal representations needed from each seller to finalize the sale of Music Lab.
Ownership & Authority
Legal History & Disclosures
Citizenship & Compliance
Escrow
Available Sept. 17 at 11:00 AM CTClosing & Transition
Server, infrastructure, and account transfer at close.
Closing Checklist
5 items| Item | Status |
|---|---|
|
Server & Infrastructure Transfer
Transfer of hosting, servers, and production infrastructure to the buyer.
|
Completed |
|
Domain & DNS Transfer
Transfer of domain registration and DNS management to the buyer.
|
In Progress |
|
Hosting & Admin Access Handover
Handover of hosting panel, admin credentials, and system access to the buyer.
|
In Progress |
|
Customer & User Data Migration
Migration of customer and user data to buyer-controlled systems.
|
In Progress |
|
Final Closing & Funds Disbursement
Closing of the transaction and disbursement of funds per the escrow agreement.
|
Pending |
Dev Build Upload
Beta builds and technical files for Music Lab.