1. Brief description of the business as at the Valuation Date, including:

a)Description of the role and involvement of the shareholder(s)and related partiesin the operations;

b)Description of the management team (e.g. name, position, years with the Company);

c)Approximate number of employees(part-time and full-time) as at the Valuation Date;

d)Description of the Company’s target customer and approximate number of customers as at the Valuation Date;

e)Schedule of revenue to top 5 customers for the last three fiscal years;

f)List of the Company’smajor competitors;

g)Strengths, weaknesses, opportunities and threats facing the Company; and

h)A summary of the Company’s main key success factors.

  1. Financial statements for the Company for the five fiscal years preceding the Valuation Date;
  1. Most recent corporation income tax returns for the Company;
  1. Copies of business plans, budgets, forecasts or projections in existence as at the Valuation Date with respect to the future operations of the Company (i.e. income statement), if any. If not, please provide management’s expectations (as at the Valuation Date) as to revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) for the coming fiscal year;
  1. Summary of and details regarding any major contracts or agreements entered into by the Companyas at the Valuation Date (e.g. customer, supplier, employee, lease, etc.);
  1. An estimate of the fair market value of the capital assets (including any real estate) as at the Valuation Date, or confirmation that the net book value is representative of the fair market value;
  1. An estimate of the annual ongoing amount of capital reinvestment (i.e. with respect to the capital assets) required to sustain the existing operations and details regarding any unusual, one-time capital investments required in the near future;
  1. A summary of the actual remuneration (i.e. salary and bonus) expensed on the financial statements of the Companyfor the shareholderand any related parties on a fiscal year basis for the last five fiscal years;
  1. Confirm rent is paid to an independent third party at market rates. If not, please indicate what an economic annual rent expense would be if the space were leased from an independent third party;
  1. Please provide the following on a fiscal year basis for each of the last five fiscal years:
  2. A description and the quantum of any material unusual or non-recurring (i.e. one-time) revenues and/or expenses; and
  3. A description and the quantum of any personal or discretionary expenditures expensed by the Companythat are not required to generate revenue for the business.
  4. Copy of prior valuations, if any, conducted on the assets or shares of the Company;
  1. Confirmation that there were no transactions involving the assets or shares of the Company;
  1. Confirmation that there have been no offers received to purchase the assets or shares of the Company;and
  1. Follow-up interview with management to be scheduled for a mutually convenient date and time.

Please note that we may request additional documents as our analysis progresses.

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