Common use of Internal Accounting Controls Clause in Contracts

Internal Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (I) transactions are executed in accordance with management's general or specific authorizations; (II) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; (III) reasonable controls to safeguard assets are in place; and (IV) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (I) transactions are executed in accordance with management's general or specific authorizations; (II) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; (III) reasonable controls access to safeguard assets are is permitted only in placeaccordance with management's general or specific authorization; and (IV) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (I) transactions are executed in accordance with management's ’s general or specific authorizations; (II) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; (III) reasonable controls to safeguard assets are in place; and (IV) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (I) transactions are executed in accordance with management's ’s general or specific authorizations; (II) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; (III) reasonable controls access to safeguard assets are is permitted only in placeaccordance with management’s general or specific authorization; and (IV) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each is aware of no respect in which its Subsidiaries maintain a system of internal accounting controls is not sufficient to provide reasonable assurance that (Ii) transactions are executed in accordance with management's general or specific authorizations; , (IIii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; , (IIIiii) reasonable controls access to safeguard assets are is permitted only in place; accordance with management's general or specific authorization and (IViv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (Ii) transactions are executed in accordance with management's ’s general or specific authorizations; (IIii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; (IIIiii) reasonable controls access to safeguard assets are is permitted only in placeaccordance with management’s general or specific authorization; and (IViv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (Ii) transactions are executed in accordance with management's general or specific authorizations; (IIii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; (IIIiii) reasonable controls access to safeguard assets are is permitted only in placeaccordance with management's general or specific authorization; and (IViv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that that (I) transactions are executed in accordance with management's general or specific authorizations; (II) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; (III) reasonable controls to safeguard assets are in place; and (IV) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient sufficient, in the judgment of the Company's Board, to provide reasonable assurance that (Ii) transactions are executed in accordance with management's general or specific authorizations; , (IIii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; , (IIIiii) reasonable controls access to safeguard assets are is permitted only in place; accordance with management's general or specific authorization, and (IViv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each is aware of no instance in which its Subsidiaries maintain a system of internal accounting controls is not sufficient to provide reasonable assurance that (Ii) transactions are executed in accordance with management's general or specific authorizations; , (IIii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; , (IIIiii) reasonable controls access to safeguard assets are is permitted only in place; accordance with management's general or specific authorization and (IViv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (I) transactions are executed in accordance with management's ’s general or specific authorizations; (II) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles international financial reporting standards by a firm with membership to the PCAOB and CPAB and to maintain asset accountability; (III) reasonable controls to safeguard assets are in place; and (IV) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each of its Subsidiaries maintain maintains a system of internal accounting controls sufficient to provide reasonable assurance assurances that (IA) transactions are executed in accordance with management's general or specific authorizationsauthorization; (IIB) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to and the PCAOB rules of Bank Regulators, and to maintain asset accountabilityaccountability for assets; (IIIC) reasonable controls access to safeguard assets are records is permitted only in placeaccordance with management's general or specific authorization; and (IVD) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient which are intended to provide reasonable assurance that (Ii) transactions are executed in accordance with management's ’s general or specific authorizations; (IIii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; (IIIiii) reasonable controls access to safeguard assets are is permitted only in placeaccordance with management’s general or specific authorization; and (IViv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. The Company’s management has determined that the Company’s internal accounting controls were not effective as of the date of this Agreement as further described in the SEC Documents.

Internal Accounting Controls. The Company and each of its Subsidiaries maintain maintains a system of internal accounting controls sufficient sufficient, in the judgment of management, to provide reasonable assurance that (Ia) transactions are executed in accordance with management's general or specific authorizations; , (IIb) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; , (IIIc) reasonable controls access to safeguard assets are is permitted only in place; accordance with management's general or specific authorization and (IVd) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Except as disclosed in the SEC Documents, the Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (I) transactions are executed in accordance with management's general or specific authorizations; (II) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; (III) reasonable controls to safeguard assets are in place; and (IV) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (I) transactions are executed in accordance with management's general or specific authorizations; (II) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles international financial reporting standards by a firm with membership to the PCAOB and CPAB and to maintain asset accountability; (III) reasonable controls to safeguard assets are in place; and (IV) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (I) transactions are executed in accordance with management's general or specific authorizations; (II) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to and standards of the PCAOB and to maintain asset accountability; (III) reasonable controls to safeguard assets are in place; and (IV) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each of its Subsidiaries subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (Ii) transactions are executed in accordance with management's general or specific authorizations; , (IIii) transactions are recorded as necessary to permit preparation of financial statements in conformity inconformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; , (IIIiii) reasonable controls access to safeguard assets are is permitted only in place; accordance with management's general or specific authorization and (IViv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each any of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (I) transactions are executed in accordance with management's general or specific authorizations; (II) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; (III) reasonable controls access to safeguard assets are is permitted only in placeaccordance with management's general or specific authorization; and (IV) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (I) transactions are executed in accordance with management's general or ’s written specific authorizations; (II) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; (III) reasonable controls access to safeguard assets are is permitted only in placeaccordance with management's general or specific authorization; and (IV) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (I) transactions are executed in accordance with management's ’s general or specific specf1c authorizations; (II) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; (III) reasonable controls access to safeguard assets are is permitted only in placeaccordance with management’s general or specific authorization; and (IV) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (I) transactions are executed in accordance with management's general or specific authorizations; (II) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; (III) reasonable controls access to safeguard assets are is permitted only in placeaccordance with management's general or specific authorization; and (IV) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.. Artfest International, Inc.

Internal Accounting Controls. The Each of the Company and each of its the Subsidiaries maintain maintains a system of internal accounting controls sufficient to provide reasonable assurance that (Ii) transactions are executed in accordance with management's general or specific authorizations; (IIii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; (IIIiii) reasonable controls access to safeguard assets are is permitted only in placeaccordance with management's general or specific authorization; and (IViv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company for itself and on behalf of each of its Subsidiaries maintain Specified Subsidiary maintains a system of internal accounting controls sufficient to provide reasonable assurance that (Ii) transactions are executed in accordance with management's general or specific authorizations; (IIii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; (IIIiii) reasonable controls access to safeguard assets are is permitted only in placeaccordance with management's general or specific authorization; and (IViv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each of its the Subsidiaries maintain maintains a system of internal accounting controls sufficient in the judgment of the Company's management to provide reasonable assurance that (Ii) transactions are executed in accordance with management's general or specific authorizations; , (IIii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB GAAP and to maintain asset accountability; , (IIIiii) reasonable controls access to safeguard assets are is permitted only in place; accordance with management's general or specific authorization, and (IViv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (I) transactions are executed in accordance with management's general or specific authorizations; (II) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; (III) reasonable controls access to safeguard assets are is permitted only in placeaccordance with management's general or specific authorization; and (IV) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.. TRUE?

Internal Accounting Controls. The Company and each of its Subsidiaries believes that they maintain a system of internal accounting controls for its operations that are sufficient to provide reasonable assurance that (I) transactions are executed in accordance with management's general or specific authorizations; (II) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; (III) reasonable controls access to safeguard assets are is permitted only in placeaccordance with management's general or specific authorization; and (IV) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Internal Accounting Controls. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that that (I) transactions are executed in accordance with management's general or specific authorizations; (II) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles by a firm with membership to the PCAOB and to maintain asset accountability; (III) reasonable controls access to safeguard assets are is permitted only in placeaccordance with management's general or specific authorization; and (IV) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.