Use the effective agreement and an accurate explanation of relevant changes to the acquisition.
Update the operating evidence
Identify excluded assets and any separate arrangements supporting their use. Do not describe a proposed replacement as already obtained merely to preserve the original forecast.
Collect the letter of intent or purchase agreement, asset and equipment schedules, several years of financial statements and tax returns, the lease, and any appraisal or broker valuation. The manufacturing agreement, signed or negotiated customer and distributor agreements, purchase orders, a lease or documented workspace arrangement, employment or contractor agreements, and payment records for each. A purchase agreement with a price allocation, an escrow agreement releasing funds on visa issuance, the seller note with its security terms, the home line-of-credit agreement, and statements tracing each dollar from source to closing. Ownership records, the complete funding history, purchase or formation agreements, and any loan or escrow provisions should be included, together with operational evidence describing what the enterprise will actually do. The escrow agreement with its release conditions, the purchase agreement including schedules and amendments, proof of the transfer into escrow, and correspondence showing the consent request is genuinely pending. The reserve named in the conservative case deserves evidence of its own, whether a statement showing the balance, a committed facility with its terms attached, or a lender's agreement setting out what secures the loan.