Common use of Financial Records and Financial Statements Clause in Contracts

Financial Records and Financial Statements. (a) The Company is responsible for maintaining accurate accounting records according to the Egyptian Accounting Standards and in the absence of provisions, then IFRS standards in a currency agreed upon by EMRA, in order to comply with Applicable Law and this License and to support all fiscal returns or any other accounting reports required by the Applicable Law in relation to the Project. (b) The Company must keep in the State complete, accurate and up-to-date technical and commercial books and records of all Exploration Operations under this License, including those relating to all revenues, expenditures, all maps, geological, geophysical, mining, technical and other data, records and interpretations, mineral analyses, samples and reports, connected with and arising from such Exploration Operations. (c) The Company must supply and file such technical and commercial information, reports, returns and statements at such times and in such form as may be required by Applicable Law.

Financial Records and Financial Statements. (a) The Company is responsible for maintaining accurate accounting records according to the Egyptian Accounting Standards and in the absence of provisions, then IFRS standards in a currency agreed upon by EMRA, in order to comply with Applicable Law and this License and to support all fiscal returns or any other accounting reports required by the Applicable Law in relation to the Project. (b) The Company must keep in the State complete, accurate and up-to-date technical and commercial books and records of all Exploration Operations under this License, including those relating to all revenues, expenditures, all maps, geological, geophysical, mining, technical and other data, records and interpretations, mineral analyses, samples and reports, connected with and arising from such Exploration Operations. (c) The Company must supply and file such technical and commercial information, reports, returns and statements at such times and in such form as may be required by Applicable Law.