a. If the firm writing the opinion also has acted as an adviser on the deal b. If the firm writing the opinion is receiving compensation contingent on the deal closing successful (either for advising or writing the opinion or for any other reason) i. The amount of the fee does not require disclosure i. Disclosure of a fee is not required if it is not contingent on a successful closing c. Any material relationship between the firm and a party to the transaction in the last two years d. If the data provided to prepare the opinion was verified by an independent party e. Whether the opinion considers the fairness of the compensation to officers, directors or employees relative to the compensation paid to public shareholders.