<p> Standard Due Diligence Report Outline January 2009</p><p>RAIN Fund Standard Due Diligence Report Outline</p><p>Purpose: provide information to enable informed investment decisions by Fund members and provide standard format for sharing due diligence results with other RAIN Funds.</p><p>COVER PAGE Due Diligence Report for (company name) Prepared for (Fund name) on (date) by (due diligence team members) Disclaimer: This document has been created for the purpose of sharing information to enable the co-investment by two or more RAIN funds or their members. This recommendation and additional materials have been provided on an “as is” basis without warranty, implied or otherwise to the accuracy, consistency, or thoroughness about this Company. It is understood that each RAIN Fund and RAIN member shall be responsible for their own independent due diligence and reliance upon this report shall be at your own risk.</p><p>SUBSEQUENT PAGES (cut & paste company information from business plan) Recommendation from due diligence team o Investment amount recommended</p><p>Summarize the Business</p><p>Management o Brief information on key management o RAIN Fund due diligence team management analysis (including feedback from reference checks)</p><p>Market o General market information o Competition o Sales strategy o Target customer/demographics o RAIN Fund due diligence team market analysis</p><p>©RAIN Source Capital® 0ce915f90a1b6b40006adb0e89da01bb.doc Page 2 of 2</p><p>Product/Service Uniqueness o Description o Value proposition o Intellectual property/other competitive strategies o RAIN Fund due diligence team product/service uniqueness analysis</p><p>Financial o Summary table of past 2-3 years financials and projections for next 2-3 years o Current financials o Sources and uses o Current capitalization o Current financing o Pre-money valuation and relevant terms o Other investors o Investment expectation o Exit strategy and time to exit o Future value at exit o Estimated % of company held at exit o Estimated total return (IRR) o RAIN Fund due diligence team financial analysis</p><p>Goal synergy o Alignment of management and Fund goals o RAIN Fund due diligence team goal synergy analysis</p><p>©RAIN Source Capital® 0ce915f90a1b6b40006adb0e89da01bb.doc</p>