Launch Haus LLC shares Launch NoCo's standard template and checklist for Founders & Their Investors preparing or doing due diligence for early stage venture investment.

1. A publication of
THE DEFINITIVE GUIDE FOR
EARLY-STAGE VENTURE
INVESTING DUE DILIGENCE
A CHECKLIST FOR FOUNDERS & THEIR INVESTORS
Ver s ion 1.1
Chris J Snook & Brianne Snook
Co-Founders- Launch Haus

2. INVEST IN NOCO INNOVATORS!
THE PURPOSE OF THIS MEMORANDUM
To provide our ecosystem of innovators and capital providers a
more tangible assessment and transparent checklist to prepare and
create speed to the capital raising and acquisition cycle of early
stage ventures.
2020 BLUEPRINT OBJECTIVES
u Establish Northern Colorado as a national leading ecosystem for new venture financings
u Retain, Grow, & Recruit Companies and Talent to our market through well funded companies
u Increase Access to Capital and Attract Regional Institutional Capital Firms
u Create, Establish, & Market the Launch NoCo Regional Brand and Core Cities Nationally
u Nurture Sustainable Innovation Across our Core Advanced Industries
u Cultivate a Business-Friendly Environment
Disclaimer: Invest at your own risk. This guide is not a silver bullet for sound investing
diligence but will serve as a good starting point for those actively participating.

3. KEY AREAS FOR DUE DILIGENCE
Organization
Issuances
Contracts
Finance and Loans
Properties
Environmental
Intellectual Property
SEC Information
Litigation
due dil·i·gence (noun): a comprehensive appraisal of
a business undertaken by a prospective buyer,
especially to establish its assets and liabilities and
evaluate its commercial potential

4. ORGANIZATION CHECKLIST
1) Articles of Incorporation and Current Bylaws
2) Minutes of all meetings of the Board of Directors and Stockholders, including
copies of all Written Consents, if any.
3) A list of all current members of the Board, stockholders, and Officers of the
Company
4) List of all the cities and states, as well as other countries, if any, in which the
Company owns property, has registered tradenames and/or in which any
Company’s employees, agents, subcontractors, or other representatives are
located.
5) List of all jurisdictions (including non-US jurisdictions, if any) in which the
Company or its known subsidiaries is qualified to do business and/or is doing
business currently
6) Any additional substantive organizational documents related to the
operating and/or holding Company (if any)
7) Background check (formal or informal) on all Founder, Key or Controlling
Stakeholders, and formal Board members of the Company

5. ISSUANCES CHECKLIST
1) A detailed capitalization table schedule of all securities of the Company
2) Copies of all securities issued by the Company, including purchase
agreements
3) Copies of any voting trust, shareholder or other similar agreement covering
any portion of the Company’s securities
4) Any equity incentive plans which have been used or approved by the Board
5) Copies of all agreements and instruments containing restrictions on transfer,
rights of first refusal with respect to, encumbrances upon, or other
restrictions with respect to, the securities of the Company
6) Permits or other state or federal securities law filings for issuance or transfer
of Company’s securities
7) Any other agreements relating to the registration rights or Company
Securities

6. CONTRACTS CHECKLIST
1) Collaboration, Joint Venture, Partnership or any similar Agreement between
any party and the Company
2) Contracts with major distributors or suppliers
3) Contracts with customers (or forms where there haven’t been modifications
to the forms across a particular customer base)
4) Insurance policies, if any, (key person, disability, general liability etc.)
5) Any research and development agreements (including tech transfer)
6) Any other material contracts outstanding or currently in force.
7) List of any parties whose consent to sale of all or substantially all of the
assets of any Company is or may be required and copies of all relevant
documents evidencing the same
8) Current notices, consents, information requests, permits, licenses, approvals,
and certificates of authority from federal, state and local authorities held or
required to be held by the Company.

7. FINANCE AND LOANS CHECKLIST
1) Cash Flow, Balance Sheet, and Income Statement (actual and pro-forma) on a
monthly basis for the past two years (or since inception)
2) Budget goals and targets approved by the Board or managed too for the past
two years (or since inception)
3) Copies of all documents and agreements evidencing any material financial
arrangements of the Company, including notes, amendments, lendings, sale
and lease back arrangements, capitalized leases, inventory financings
agreements, construction loans, mortgages, real estate and other material
installment purchases, material equipment leases, etc.
4) Any other documents relating to the material financing arrangements of the
Company and/or its Founders

8. PROPERTIES CHECKLIST
1) Title reports for any real property owned by the Company and
documentation regarding the purchase or transfer of real property of the
Company
2) All documents purporting to create liens, mortgages (private or institutional),
security agreements, pledges, charges or other encumbrances on real or
personal property or UCC filings against material assets of the Company
3) Lease agreements for offices and other facilities or vehicles of the Company

9. ENVIRONMENTAL CHECKLIST
1) Environmental or safety studies (if applicable) audits, assessments, or reports
prepared by, for or in the possession of the Company and agreements,
citations, notices, orders, or requests relating to environmental matters
involving the Company

10. INTELLECTUAL PROPERTY CHECKLIST
1) List of patents or pending applications (both domestic and international) and
copyright or pending copyright applications of the Company
2) Trademarks/service marks, trademark or service mark registrations or
pending applications of the Company
3) License, joint development, royalty or collaboration agreements of the
Company
4) License and technology transfer agreements and other agreements of the
Company regarding technology with founders, corporate partners or other
parties
5) Schedule and description of all software to which each Company has (or had)
rights, indicating whether such Company has (or had) title to such software
or is (or was) a nonexclusive or exclusive licensees thereof, specifying the
author of such software, indicating whether the copyrights in such software
are registered or otherwise protected

11. INTELLECTUAL PROPERTY CHECKLIST
6) Listing of the programming language of such software (including list of all
software or other technology that is distributed as “free software”, “open source
software” or under a similar licensing or distribution model (including but not
limited to the GNU General Public License (GPL), GNU Lesser General Public
License (LGPL), Mozilla Public License (MPL), BSD licenses, the Artistic License,
the Netscape Public License, the Sun Community Source License (SCSL) the Sun
Industry Standards License (SISL) and the Apache License) (“Open Source
Materials”) and that is used by the Company in any way, and describe the
manner in which such Open Source Materials are used (such description to
include, without limitation, whether (and, if so, how) the Open Source Materials
have been modified or distributed by such Company)
7) Evidence of title or right to use (including all licenses and other similar
agreements) all software in which each Company has rights, including
description of all escrow arrangements with respect to software

12. INTELLECTUAL PROPERTY CHECKLIST
8) For all such software, please provide the following to the extent appropriate:
i. The names of all persons who assisted in the design, development or
implementation of such rights
ii. The nature of each person’s relationship to each Company (i.e.
consultant, independent contractor, employee, etc.
iii. Whether each person signed a consulting, confidentiality,
nondisclosure, or employment agreement (if so, include a copy of the
agreements)
iv. For each person who no longer works with the Company, the present
location (and if possible, known employment, of the person)
v. A description of all measures used to protect the confidentiality of such
rights

13. INTELLECTUAL PROPERTY CHECKLIST
9) Any and all royalty arrangements, agreements, license agreements and
similar promises written or implied relating to the use of the Company’s
software, intellectual property, or APIs, by a third party
10) A listing of all domain name registrations owned by the Company
11) A listing of all domain name registrations used by the Company, not
identified above that are similar to any trade names, trademarks or service
marks, registered or unregistered and owned by the Company
12) Proprietary Information and Invention agreements with employees and
consultants of the Company and copies of all key hires (contractor or otherwise)
to date

14. SEC INFORMATION CHECKLIST
1) All SEC Filings (if applicable) and material correspondence

15. LITIGATION CHECKLIST
1) Documentation relating to pending or threatened litigation, assessments, or
claims against the Company
2) Documentation relating to any discharged personal (founders and key
Officers) or Company bankruptcy proceedings (Ch 7, 11, or 13)
3) Documentation related to any outstanding State or Federal tax liabilities,
judgements, offers in compromise, or installment agreements on the
Company

16. LAUNCH NOCO HAS BIG ASPIRATIONS
THANKS FOR READING OUR GUIDE AND WE HOPE IT
SERVES YOU AS A VALUABLE RESOURCE!
MISSION 2020
u Leading the State in Regional Growth Across All Key Metrics
u Nationally Recognized Innovation & Technology Hub
u An Increased Capacity to Attract Business, Talent, and Economic Builders
u Best in Class Utilization of Natural Resources
u A Vibrant, Diverse, and Highly Educated Workforce

17. CONTACT US:
FOR SPEAKING AND SPONSOR INQUIRIES
¡ Chris J Snook (970) 658 5040 c@launchha.us
¡ Brianne Snook (970) 658 5040 b@launchha.us
¡ Tom Maynard (970) 290 0040 tom@launchha.us