The purchase process will be confidential to facilitate a transition with minimal impact on employees and customers. The transaction and transition will be led by me, Bob, from start to finish. Below is a summary of the steps to establish an understanding of the business and ensure a good fit and transition for both parties:

• Introductory conversation to improve understanding of current owner and business

• Preliminary business review and assessment of high-level financial information

• Requests for additional data and follow-up questions

• Signing of a letter of intent (LOI)

• Detailed due diligence process to evaluate all key aspects of the business

• Terms agreement, planning the transition, closing the transaction, and issuing funds