Draft Engagement letter

Business valuation assignment

Business Valuation LLC

P.O. Box 326

Morgantown, WV, 26507-0326

Gentlemen,

We are engaging your services for performing financial analysis and helping in preparing an estimate of fair market value/fair value of [ %] of [Entity] as of [date] for use in [Purpose]___in case of [_________].

This valuation is subject to the following conditions:

1. The various estimates of value presented in this report apply to this valuation only and may not be used out of the context presented herein. This valuation is valid only for the purpose or purposes specified herein.

2. This valuation assumes that the company will continue to operate as a going concern, and that the character of its present business will remain intact.

3. This analysis will be part of our work product and is to be covered under attorney/client privilege. It may not be reproduced or made available to any third party without our express written permission.

4. Your fees for analysis and preparation of this report are not contingent upon any conclusions being reached and/or results being achieved. These fees do not include expert witness testimony or deposition fees for presenting or supporting the conclusions reached in this report

5. You are not required to give testimony in court, or be in attendance during any hearings or depositions, with reference to the company being valued, unless previous arrangements have been made.

6.Your fees for this engagement will be $, plus out of pocket expenses not to exceed a total of $_________, unless our prior consent has been received by you. A retainer of $_______ is enclosed with this engagement letter.