Common use of Audit Confirmation Clause in Contracts

Audit Confirmation. The parties recognize that, in order to comply with the reporting requirements of the Exchange Act, it will be necessary for Southshore to prepare and file with the Commission a Current Report on Form 8-K which must include the audited financial statements of RV and pro forma financial information in accordance with Item 7 of Form 8-K. Prior to Closing, RV shall have received confirmation from its independent accountants that the books and records of RV will permit the preparation by RV of audited financial statements, together with report of independent public accountants, in conformity with generally accepted accounting principles consistently applied and in compliance with all requirements of Regulation SX under the Securities Act.

Audit Confirmation. The parties recognize that, in order to comply with the reporting requirements of the Exchange Act, it will be necessary for Southshore to prepare and file with the Commission a Current Report on Form 8-K which must include the audited financial statements of RV and pro forma financial information in accordance with Item 7 of Form 8-K. Prior to Closing, RV Southshore shall have received confirmation from its independent accountants or the independent public accountants selected by RV that the books and records of RV will permit the preparation by RV Southshore of audited financial statements, together with report of independent public accountants, in conformity with generally accepted accounting principles consistently applied and in compliance with all requirements of Regulation SX under the Securities Act.