Common use of REPORTS AND FINANCIAL STATEMENTS OF THE COMPANY Clause in Contracts

REPORTS AND FINANCIAL STATEMENTS OF THE COMPANY. The preliminary balance sheet for the period ending as of September 30, 1999 (the "Preliminary Audited Balance Sheet"), and the preliminary statements of operations, cash flows, and stockholders' equity for the period ending as of September 30, 1999, copies of all of which are attached hereto as EXHIBIT D (collectively, the "Financial Statements"), are true and complete in all material respects, fairly represent the financial position and results of operations of the Company as of and for the periods shown, and were prepared in accordance with generally accepted accounting principles. None of the Financial Statements contains any untrue statement of a material fact or omits to state a material fact necessary in order to make the statements therein not misleading. Except as and to the extent of (i) liabilities reflected or reserved against in the Preliminary Audited Balance Sheet and (ii) liabilities which have arisen since the date of the Preliminary Audited Balance Sheet in the ordinary course of business and which have been fully disclosed to Purchaser in writing, the Company does not have any liabilities or obligations (whether accrued, absolute or contingent), and including without limitation, any liabilities resulting from failure to comply with any laws or any federal, state, or local tax liabilities due or to become due whether (a) incurred in respect of or measured by income for any financial statement or balance sheet period, or (b) arising out of transactions entered into, or any state of facts existing, prior or subsequent thereto.

REPORTS AND FINANCIAL STATEMENTS OF THE COMPANY. The preliminary audited balance sheet of the Company for the period ending as of September 30December 31, 1999 (the "Preliminary Audited Balance Sheet"), ) and the preliminary statements of operations, cash flowschanges in stockholders equity, and stockholders' equity cash flows of the Company for the period ending as of September 30December 31, 1999, copies of all of which are attached hereto as EXHIBIT D C (collectively, the "Financial Statements"), are true and complete in all material respects, fairly represent the financial position and results of operations of the Company as of and for the periods shown, and were prepared in accordance with generally accepted accounting principles. None of the Financial Statements contains any untrue statement of a material fact or omits to state a material fact necessary in order to make the statements therein not misleading. Except as and to the extent of (i) liabilities reflected or reserved against in the Preliminary Audited Balance Sheet and (ii) liabilities which have arisen since the date of the Preliminary Audited Balance Sheet in the ordinary course of business and which have been fully disclosed to Purchaser in writing, the Company does not have any liabilities or obligations (whether accrued, absolute or contingent), and including without limitation, any liabilities resulting from failure to comply with any laws or any federal, state, or local tax liabilities due or to become due whether (a) incurred in respect of or measured by income for any financial statement or balance sheet period, or (b) arising out of transactions entered into, or any state of facts existing, prior or subsequent thereto.

REPORTS AND FINANCIAL STATEMENTS OF THE COMPANY. The preliminary balance sheet of the Company for the period ending as of September November 30, 1999 (1999, a copy of which is attached hereto as EXHIBIT C ( the "Preliminary Audited Balance Sheet"), and the preliminary statements of operations, cash flows, and stockholders' equity for the period ending as of September 30, 1999, copies of all of which are attached hereto as EXHIBIT D (collectively, the "Financial Statements"), are is true and complete in all material respects, fairly represent represents the financial position and results of operations of the Company as of and for the periods period shown, and were was prepared in accordance with generally accepted reasonable and acceptable accounting principlesprinciples and practices, consistently applied. None of the Financial Statements contains The Balance Sheet does not contain any untrue statement of a material fact or omits omit to state a material fact necessary in order to make the statements therein not misleading. Except as and to the extent of (i) liabilities reflected or reserved against in the Preliminary Audited Balance Sheet and (ii) liabilities which have arisen since the date of the Preliminary Audited Balance Sheet November 30, 1999 in the ordinary course of business and which have been fully disclosed to Purchaser in writing, the Company does not have any liabilities or obligations (whether accrued, absolute or contingent), and including without limitation, any liabilities resulting from failure to comply with any laws or any federal, state, or local tax liabilities due or to become due whether (a) incurred in respect of or measured by income for any financial statement or balance sheet period, or (b) arising out of transactions entered into, or any state of facts existing, prior or subsequent thereto.

REPORTS AND FINANCIAL STATEMENTS OF THE COMPANY. The balance sheet and statement of income for calendar year 1998, the preliminary audited balance sheet for the period ending as of September 30, 1999 (the "Preliminary Audited Balance Sheet"), and the preliminary statements of operations, cash flows, and stockholders' equity audited income statement for the period ending as of September 30, 1999, copies of all of which are attached hereto as EXHIBIT D C (collectively, the "Financial Statements"), are true and complete in all material respects, fairly represent the financial position and results of operations of the Company as of and for the periods shown, and, in the instance of the 1998 financial statements were prepared in accordance with reasonable accounting principles and practices, consistently applied, and, in the instance of the September 30, 1999 financial statements were prepared in accordance with generally accepted accounting principles. None of the Financial Statements contains any untrue statement of a material fact or omits to state a material fact necessary in order to make the statements therein not misleading. Except as and to the extent of (i) liabilities reflected or reserved against in the Preliminary Audited Balance Sheet and (ii) liabilities which have arisen since the date of the Preliminary Audited Balance Sheet in the ordinary course of business and which have been fully disclosed to Purchaser in writing, the Company does not have any liabilities or obligations (whether accrued, absolute or contingent), and including without limitation, any liabilities resulting from failure to comply with any laws or any federal, state, or local tax liabilities due or to become due whether (a) incurred in respect of or measured by income for any financial statement or balance sheet period, or (b) arising out of transactions entered into, or any state of facts existing, prior or subsequent thereto.