Common use of Reporting Requirements; Audit Rights Clause in Contracts

Reporting Requirements; Audit Rights. During the Term, Distributor agrees to provide to Supplier monthly reports detailing Distributor’s marketing, sales and distribution efforts and results in the Territory. Such reports shall include the number of Units installed to date, the current inventory by Territory, the repair parts in inventory, forecasts of prospective Courses, number of golf carts upon which the Units are installed, including the manufacturer and make of such carts, and current warranty issues on the Product. Supplier shall have the right, upon reasonable notice to Distributor and during normal business hours, to (a) audit the books and records of Distributor related to its obligations under this Agreement to verify the information contained in the reports, and (b) perform physical inspections of Distributor’s physical locations to verify the information contained in the reports.

Reporting Requirements; Audit Rights. During the Term, Distributor agrees to provide to Supplier monthly reports detailing Distributor’s marketing, sales and distribution efforts and results in the Territory. Such reports shall include the number of Units installed to date, the current inventory by Territory, the repair parts in inventory, forecasts of prospective Courses, number of golf carts upon which the Units are installed, including the manufacturer and make of such carts, and current warranty issues on the Product. Supplier shall have the right, upon reasonable notice to Distributor and during normal business hours, to (a) audit the books and records of Distributor related to its obligations under this Agreement to verify the information contained in the reports, and (b) perform physical inspections of Distributor’s physical locations to verify the information contained in the reports.. Distribution Agreement - May 2008

Reporting Requirements; Audit Rights. During the Term, Distributor agrees to provide to Supplier monthly reports detailing Distributor’s marketing, sales and distribution efforts and results in the Territory. Such reports shall include the number of Units installed to date, the current inventory by Territory, date the repair parts in inventory, forecasts of prospective Courses, number of golf carts upon which the Units are installed, including the manufacturer and make of such carts, and current warranty issues on the Product. Supplier shall have the right, upon reasonable notice to Distributor and during normal business hours, to (a) audit the books and records of Distributor related to its obligations under this Agreement to verify the information contained in the reports, and (b) perform physical inspections of Distributor’s physical locations to verify the information contained in the reports.. Distribution Agreement – June 2008