Case Doc 329 Filed 01/04/19 Page 1 of 5 IN THE UNITED STATES BANKRUPTCY COURT FOR THE MIDDLE DISTRICT OF NORTH CAROLINA DURHAM DIVISION

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1 Case Doc 329 Filed 01/04/19 Page 1 of 5 IN THE UNITED STATES BANKRUPTCY COURT FOR THE MIDDLE DISTRICT OF NORTH CAROLINA DURHAM DIVISION In re: Chapter 11 Advanced Sports Enterprises, Inc., et al., 1 Case No (Joint Administration Debtors. NOTICE OF ASSUMPTION, ASSIGNMENT AND CURE AMOUNT WITH RESPECT TO ADDITIONAL EXECUTORY CONTRACTS AND UNEXPIRED LEASES Advanced Sports Enterprises, Inc. and certain of its affiliates, as debtors and debtors in possession (collectively, the "Debtors", are seeking to sell their property and other related interests (the "Assets". The Debtors will consider proposals to acquire some or all of the Assets through a sale under section 363 of the Bankruptcy Code. In connection with this marketing and sale process, the Debtors are seeking authority to assume or assume and assign certain of their executory contracts and unexpired leases related to the Assets (collectively, the "Assumed Contracts". The Debtors previously filed a Notice of Assumption, Assignment and Cure Amount (Doc. 219, the First Notice. This Second Notice lists additional executory contracts or unexpired leases related to the Assets. By order, dated December 7, 2018 (Doc. 205, the "Bidding Procedures Order", the Bankruptcy Court approved certain "Bidding Procedures" that govern the sale of all of the Assets to the highest and best bidders. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Bidding Procedures Order. Copies of the Bidding Procedures Order, the Bidding Procedures, and other pleadings are available for download from Debtors' claims and noticing agent, Kurtzman Carson Consultants, LLC; (the "Case Website". You are receiving this Notice because you may be a party to executory contract or unexpired lease which may be assumed and assigned to a purchaser (an Assumed Contract. A list of the additional Assumed Contracts is attached hereto as Exhibit A. The Debtors have determined the current amounts owing (the "Cure Amounts" under each Assumed Contract and have listed the applicable Cure Amounts on Exhibit A. The Cure Amounts are the 1 The Debtors in this case, along with each Debtor s case number, are: (i Advanced Sports Enterprises, Inc., Case No ; (ii, Case No ; (iii Performance Direct, Inc., Case No ; (iv Bitech, Inc., Case No ; and (v Nashbar Direct, Inc., Case No Each Debtor is a North Carolina Corporation.

2 Case Doc 329 Filed 01/04/19 Page 2 of 5 only amounts proposed to be paid upon any assumption or assumption and assignment of the Assumed Contracts, in full satisfaction of all amounts outstanding under the Assumed Contracts. An auction (the "Auction" for the Assets, including the Assumed Contracts, will be conducted on January 15, 2019 at 10:00 a.m. (ET at a location to be determined in the vicinity of Chapel Hill, NC. After the Auction occurs (or after the cancellation of the Auction, if applicable, the Debtors will file and serve a notice that identifies the proposed acquirers of the Assets, and the proposed assignees of any Assumed Contracts (the Supplemental Notice. To the extent that a nondebtor party to an Assumed Contract objects to (i the assumption and assignment of such party's Assumed Contract or (ii the applicable Cure Amounts, the nondebtor counterparty must file and serve an objection in accordance with the Bidding Procedures Order, so as to be received by the undersigned counsel for the Debtors and the other parties specified therein by January 21, 2019, at 4:00 p.m. (ET. If no objection is timely received with respect to Cure Amounts or the assumption of an Assumed Contract, (i a nondebtor party to a Contract shall be forever barred from objecting to the Cure Amounts and from asserting any additional cure or other amounts with respect to such Contract, (ii the Cure Amounts set forth on Exhibit A attached hereto shall be controlling, notwithstanding anything to the contrary in any Assumed Contract, or any other document, and the nondebtor party to an Assumed Contract shall be deemed to have consented to the Cure Amounts, (iii the nondebtor party to a Contract shall be forever barred and estopped from asserting any other claims related to such Contract against the Debtors or the applicable transferee, or the property of any of them; and (iv the Counterparty shall be deemed to consent to, and the Debtors shall be permitted to proceed with, the assumption and assignment of the applicable Assigned Contract. The Debtors will seek to assume and assign the Assumed Contracts that have been selected by a Successful Bidder or the Stalking Horse Purchaser, if applicable, at a hearing in Courtroom #1, U.S. Bankruptcy Court, 101 S. Edgeworth St., Greensboro, NC (the "Sale Hearing" on January 22, 2019 at 11:00 a.m. (ET, or such other date as determined by the Debtors in accordance with the terms of the Bidding Procedures Order. A hearing regarding the Cure Amounts, if any, may be adjourned by agreement of the Debtors and applicable objection party or by order of the Court. 2

3 Case Doc 329 Filed 01/04/19 Page 3 of 5 Dated: January 4, 2019 Respectfully submitted, NORTHEN BLUE LLP /s/ John A. Northen John A. Northen (NC Bar No jan@nbfirm.com Vicki L. Parrott (NC Bar No vlp@nbfirm.com John Paul H. Cournoyer (NC Bar No jpc@nbfirm.com 1414 Raleigh Road, Suite 435 Chapel Hill, North Carolina Telephone: ( and FLASTER/GREENBERG P.C. William J. Burnett (PA Bar No (pro hac vice Harry J. Giacometti (PA Bar No (pro hac vice Damien Nicholas Tancredi (PA Bar No (pro hac vice 1835 Market Street, Suite 1050 Philadelphia, PA ( Telephone ( Facsimile william.burnett@flastergreenberg.com COUNSEL FOR THE DEBTORSINPOSSESSION 3

4 Case Doc 329 Filed 01/04/19 Page 4 of 5 Exhibit A Additional Assumed Contracts 4

5 Case Doc 329 Filed 01/04/19 Page 5 of 5 DebtorName Name of other parties with whom the debtor has an executory contract or unexpired lease Creditor Notice Name Address 1 City State Zip Country State what the contract or lease is for and the nature of the debtor's interest State the term remaining Debtors' Est. Cure Costs Shanghai Headline Development Co. LTD 966 Hua Xu Road, Qingpu District Shanghai China QC Inspection Services 2/28/ , Golden Springs Development Company, LLC E. Imperial Highway Santa Fe Springs CA USA ASI West Lease 37 months 34, Auroras Encore LLC Decatur Partners, LLP 380 Red Lion Road, Suite 202 Huntington Valley PA USA Rio Lease 2 months (ASI has a 60 day out clause beginning 2/1/19 M2 Lease Funds 175 N. PATRICK BLVD., STE. 140 Brookfield WI USA ASI West racking and Forklifs 25 months M2 Lease Funds 175 N. PATRICK BLVD., STE. 140 Brookfield WI USA ASI West Extra Forklift 42 months FEDEX P. O. BOX Pittsburgh PA USA Fed Ex Contract 15 months 129, Oris Intel, LLC 330 W Spring St, Suite 300 Columbus OH USA Map Monitoring 3 months Robert Bosch GmbH Tubinger Strasse 123 Reutlingen na Germany 2019 model year purchase till 7/31/2019 Robert Bosch LLC 12 Mauchly, Bldg E Irvine CA USA 2019 Assembler contract till 7/31/2019 Level One Engineering LLC 6406 N Vancouver Ave Portland OR USA 2020 Fuji EMlink design Till completion 2, Patryk Sawicki Gwiazdzista Street 10/1 Jelenia Gora Poland 2 yrs EPM contract work till 7/31/2019 Patryk Sawicki Gwiazdzista Street 10/1 Jelenia Gora Poland Product graphics for E bikes. Paychex, Inc John Street West Henrietta NY USA Payroll Processing *30 days' notice needed to terminate agreement. Guardian, Inc. 7 Hanover Square New York NY USA Dental, Life, ADD, LTD ins. *31 days' notice needed to terminate agreement Windstream PAETEC PO BOX Louisville KY USA Long distance phones 1/0/1900 Comcast Comcast po box Philadelphia PA USA Internet 8/18/2018 1, FlexIP FlexIP Solutions Inc 825 Springdale Drive Exton PA USA Phones in Philadelphia, Santa Fe Springs, and for 5/18/2018 1, remote users Canon Canon Solutions America One Canon Park Melville NY USA Santa Fe Springs ir1435f Printer supplies and 6/26/2019 Maintinance Canon Canon Solutions America One Canon Park Melville NY USA Phily ic 352 Printer supplies and Maintinance 8/21/2019 Canon Canon Solutions America One Canon Park Melville NY USA Santa Fe Springs ic 352 Printer supplies and 1/28/ Maintinance Canon Canon Solutions America One Canon Park Melville NY USA Phily ic 525 Printer supplies and Maintinance 9/17/2019 Canon Canon Solutions America One Canon Park Melville NY USA Phily ir1432 Printer supplies and Maintinance 8/29/2019 Canon Canon Solutions America One Canon Park Melville NY USA Donna's printer Printer supplies and Maintinance 8/29/2019 Canon Canon Solutions America One Canon Park Melville NY USA Phily irc 5235 `Printer supplies and Maintinance 8/29/ AT&T P.O. Box 6463 Carol Stream IL USA Cellular Phone Service (10 phones No Contract / $1, = 2, installment balance on phones Cintas Corporation P.O.Box Cincinnati OH USA Linens & Floor Mats at least 75% of avg. monthly charge per month, terminates 11/23/2020 Digital Security Systems 4245 Chalfont Place Philadelphia PA USA Security System RIO Warehouse 3 year contract, terminates July 15th 2021 E.B. O'Reilly 30 West Highland Ave. Philadelphia PA USA HVAC Inspection & Cleaning $4,527./ year ($1509. / 3 4, payments MGC Landscaping Inc. (Snow Removal 3338 Morrell Ave. Philadelphia PA USA Snow Removal Season (we 2, signed but have not started service 8350 Sunlight Drive, Suite 200 Fishers IN USA Security System Intrusion year to year contract, (Intrusion terminates in June Sunlight Drive, Suite 200 Fishers IN USA Security System Fire year to year contract, (Fire terminates in June 2018 T MOBILE P.O.Box Cincinnati OH USA Cellular Phone Service (44 phones No contract / $6,670. = installment balance on phones Republic Services ASI WEST Telegraph Rd. Santa Fe Springs CA USA Trash & Cardboard Removal Service 3 year contract, terminates August 15th Sunlight Drive, Suite 200 Fishers IN USA Security System Intrusion 60 month contract. Start date: (Intrusion ASI WEST 11/2016 American Express P.O. Box Phoenix AZ USA American Express Corporate Card Program Upon account closure BMW Financial Services P.O. Box Louisville KT USA Auto Vehicle Lease 12 months 14, ,551.96