Common use of Report and Financial Statements Clause in Contracts

Report and Financial Statements. Schedule 4.6 sets forth the audited balance sheet of Ranor as of March 31, 2005 and the audited statements of operations, stockholders equity and cash flows for the years ended March 31, 2005 and 2004, and the unaudited balance sheet as of September 30, 2005 and unaudited statements of operations and cash flows for the six months ended September 30, 2005 and 2004 and stockholders' equity for the six months ended September 30, 2005, in each cash including notes to the financial statements (collectively, the "Financial Statements"). Each of the balance sheets contained in or incorporated by reference into any such Financial Statements (including the related notes and schedules thereto) fairly presented the financial position of Ranor, as of its date, and each of the statements of operations, stockholders' equity and cash flows in such Financial Statements (including any related notes and schedules thereto) fairly presents, changes in stockholders' equity and changes in cash flows, as the case may be, of Ranor, for the periods to which they relate, in each case in accordance with United States generally accepted accounting principles ("U.S. GAAP") consistently applied during the periods involved, except in each case as may be noted therein, subject to normal year-end audit adjustments in the case of unaudited statements. The books and records of the Company have been, and are being, maintained in all material respects in accordance with U.S. GAAP and any other applicable legal and accounting requirements and reflect only actual transaction.

Report and Financial Statements. Schedule 4.6 sets forth The Company’s Annual Report on Form 10-KSB, filed on July 26, 2004 with the SEC contains the audited balance sheet financial statements of Ranor the Company as of March December 31, 2005 2003 and the Company has previously provided to the Investor the audited financial statements of operations, stockholders equity and cash flows for the years ended March CSI as of December 31, 2005 2003 and 2004, and the unaudited balance sheet as of September 30, 2005 and unaudited statements of operations and cash flows for the six months ended September June 30, 2005 and 2004 and stockholders' equity the unaudited financial statements of CSI for the six months ended September eleven month period ending November 30, 2005, in each cash including notes to the financial statements 2004 (collectively, the "“Financial Statements"”). Each of the balance sheets contained in or incorporated by reference into any such Financial Statements (including the related notes and schedules thereto) fairly presented the financial position of Ranorthe Company or CSI, as the case may be, as of its date, and each of the statements of operations, income and changes in stockholders' ’ equity and cash flows or equivalent statements in such Financial Statements (including any related notes and schedules thereto) fairly presents, changes in stockholders' ’ equity and changes in cash flows, as the case may be, of Ranorthe Company or CSI, as applicable, for the periods to which they relate, in each case in accordance with United States generally accepted accounting principles ("“U.S. GAAP"”) consistently applied during the periods involved, except in each case as may be noted therein, subject to normal year-end audit adjustments in the case of unaudited statements. The Except as noted therein, the books and records of the Company have been, and are being, maintained in all material respects in accordance with U.S. GAAP without variances and any other applicable legal and accounting requirements and reflect only actual transactiontransactions.

Report and Financial Statements. Schedule 4.6 sets forth ICEWEB, INC.’s Annual Report on Form 10-K, filed on January 14, 2005, with the SEC, and since amended, contains the audited balance sheet financial statements of Ranor as of the Company for fiscal year 2004. In addition the company has provided the report for the quarter ending December 31, 2004 on Form 10-QSB, filed on February 17, 2005; the report for the quarter ending March 31, 2005 and on Form 10-QSB, filed on May 16, 2005; the audited statements of operations, stockholders equity and cash flows report for the years ended March 31, 2005 and 2004, and the unaudited balance sheet as of September quarter ending June 30, 2005 on Form 10-QSB, filed on August 19, 2005; and unaudited statements Form SB-2, filed on July 26, 2005, all filed with the SEC, which have been reviewed by the Company’s auditors. Certain of operations and cash flows for these filings have been amended from time to time. Collectively, the six months ended September 30, 2005 and 2004 and stockholders' equity for company has provided “Financial Statements” to the six months ended September investor which accurately represent the financial condition of the company through June 30, 2005, in each cash including notes to the financial statements (collectively, the "Financial Statements"). Each of the balance sheets contained in or incorporated by reference into any such Financial Statements (including the related notes and schedules thereto) fairly presented the financial position of Ranorthe Company, as of its date, and each of the statements of operations, income and changes in stockholders' ’ equity and cash flows or equivalent statements in such Financial Statements (including any related notes and schedules thereto) fairly presents, changes in stockholders' ’ equity and changes in cash flows, as the case may be, of Ranorthe Company, for the periods to which they relate, in each case in accordance with United States generally accepted accounting principles ("“U.S. GAAP"”) consistently applied during the periods involved, except in each case as may be noted therein, subject to normal year-end audit adjustments in the case of unaudited statements. The books and records of the Company ICEWEB, INC. have been, and are being, maintained in all material respects in accordance with U.S. GAAP and any other applicable legal and accounting requirements and reflect only actual transaction.. STOCK PURCHASE AGREEMENT BETWEEN ICEWEB, INC. AND XXXXXX PARTNERS LP

Report and Financial Statements. Schedule 4.6 sets forth the audited balance sheet of Ranor as of March 31ICEWEB, 2005 and the audited statements of operationsINC.'s Annual Report on Form 10-K, stockholders equity and cash flows for the years ended March 31, 2005 and 2004, and the unaudited balance sheet as of September 30, 2005 and unaudited statements of operations and cash flows for the six months ended September 30, 2005 and 2004 and stockholders' equity for the six months ended September 30filed on January 14th, 2005, in each cash including notes with the SEC contains the audited financial statements of the Company for fiscal year 2004. In addition the company has provided the first quarter report on Form 10-QSB, filed on February 17th, 2005 with the SEC which has been reviewed by the companies auditors. Collectively, the company has provided "FINANCIAL STATEMENTS" to the investor which accurately represent the financial statements (collectivelycondition of the company through December 31st, the "Financial Statements")2004. Each of the balance sheets contained in or incorporated by reference into any such Financial Statements (including the related notes and schedules thereto) fairly presented the financial position of Ranorthe Company, as of its date, and each of the statements of operations, income and changes in stockholders' equity and cash flows or equivalent statements in such Financial Statements (including any related notes and schedules thereto) fairly presents, changes in stockholders' equity and changes in cash flows, as the case may be, of Ranorthe Company, for the periods to which they relate, in each case in accordance with United States generally accepted accounting principles ("U.S. GAAP") consistently applied during the periods involved, except in each case as may be noted therein, subject to normal year-end audit adjustments in the case of unaudited statements. The books and records of the Company ICEWEB, INC. have been, and are being, maintained in all material respects in accordance with U.S. GAAP and any other applicable legal and accounting requirements and reflect only actual transaction.

Report and Financial Statements. Schedule 4.6 sets forth The Company's Annual Report on Form 10-KSB, to be filed no later than May 22, 2006 with the SEC, contains the audited balance sheet financial statements of Ranor the Company as of March December 31, 2005. The Company has previously provided to the Investor the unaudited financial statements of the Company for the three-, six-, nine-, and twelve-month periods ended December 31, 2005 and the audited statements of operations, stockholders equity and cash flows for the years three month period ended March 31, 2005 and 2004, and the unaudited balance sheet as of September 30, 2005 and unaudited statements of operations and cash flows for the six months ended September 30, 2005 and 2004 and stockholders' equity for the six months ended September 30, 2005, in each cash including notes to the financial statements 2006 (collectively, the "Financial StatementsFINANCIAL STATEMENTS"). Each of the balance sheets contained in or incorporated by reference into any such Financial Statements (including the related notes and schedules thereto) fairly presented the financial position of Ranorthe Company, as of its date, and each of the statements of operations, income and changes in stockholders' equity and cash flows or equivalent statements in such Financial Statements (including any related notes and schedules thereto) fairly presents, changes in stockholders' equity and changes in cash flows, as the case may be, of Ranorthe Company, for the periods to which they relate, in each case in accordance with United States generally accepted accounting principles ("U.S. GAAP") consistently applied during the periods involved, except in each case as may be noted therein, subject to normal year-end audit adjustments in the case of unaudited statements. The books and records of the Company have been, and are being, maintained in all material respects in accordance with U.S. GAAP and any other applicable legal and accounting requirements and reflect only actual transactiontransactions.