CONDITIONS PRECEDENT CHECKLIST (M&A / ASSET PURCHASE)

• Corporate Approvals: Board/stockholder consents; officer certificates; good standings; bring-down certificates.
• Third-Party Consents: Key contracts, leases, IP licenses, debt instruments.
• Regulatory/Filings: HSR (if applicable); state/local filings; industry approvals.
• Financial Deliverables: Updated balance sheet; working capital certificate; debt payoff letters.
• Reps/Bring-Down: Accuracy of reps to closing standard; no MAE.
• Covenants Performed: Conduct of business covenant; pre-closing covenants satisfied.
• Tax Items: FIRPTA certs; withholding items; tax clearance (if required).
• Title/IP/Assets: Deeds, bills of sale, assignments, IP assignments.
• Insurance: Tail policies (D&O/E&O/Cyber); certificates.
• Closing Payments/Funds Flow: Funds flow memo; wire instructions; escrow agreement.
• State-Specific Items (Arizona): Confirm any Arizona-specific tax clearances or statutory notices.

[// GUIDANCE: Align this list with the definitive agreement's conditions precedent section.]