Common use of Consultation; Periodic Reports Clause in Contracts

Consultation; Periodic Reports. The Company shall engage an independent certified public accountant or accounting firm, in the discretion of the Manager, to audit the Company’s financial statements as of the end of each fiscal year. As soon as practicable after the end of such fiscal year, but in no event later than 120 days after the end of such fiscal year, the Manager shall provide to each Member: audited financial statements of the Company as of the end of and for such fiscal year, including a Statement of Assets, Liabilities, and Members’ Equity and statement of operations, together with the report thereon of the Company’s independent certified public accountant or accounting firm, and · a statement of Properties of the Company, including the cost of such Properties. Within 90 days, the Manager shall provide the following to the Members: · a Schedule K-1 for such Member with respect to such fiscal year, prepared in accordance with the Internal Revenue Code (‘IRS Code’), together with corresponding forms for state income tax purposes, setting forth such Member’s distributive share of Company items of Profit or Loss for such fiscal year and the amount of such Member’s Capital Account at the end of such fiscal year, and · such other financial information and documents respecting the Company and its business as the Manager deems appropriate, or as a Member may reasonably require and request in writing, to enable such Member to prepare its federal and state income tax returns. As soon as practicable after the end of each semi-annual period, but in no event later than 90 days following the end of each such period, the Manager shall prepare and e-mail, mail or make available on its secure website, to each Member · the Company’s unaudited financial statements as of the end of such fiscal semi-annual and for the portion of the fiscal year then ended, · a statement of the properties of the Company, including the cost of all properties, and · a report reviewing the Company’s activities and business strategies for such period. The Manager shall cause the Company reports to be prepared in accordance with Generally Accepted Accounting Principles (“GAAP’).

Consultation; Periodic Reports. The Company shall engage an independent certified public accountant or accounting firm, in the discretion of the Manager, to audit the Company’s financial statements as of the end of each fiscal year. As soon as practicable after the end of such fiscal year, but in no event later than 120 days after the end of such fiscal year, the Manager shall provide to each Member: audited financial statements of the Company as of the end of and for such fiscal year, including a Statement of Assets, Liabilities, and Members’ Equity and statement of operations, together with the report thereon of the Company’s independent certified public accountant or accounting firm, and · a statement of Properties of the Company, including the cost of such Properties. Within 90 days, the Manager shall provide the following to the Members: · a Schedule K-1 for such Member with respect to such fiscal year, prepared in accordance with the Internal Revenue Code (‘IRS Code’), together with corresponding forms for state income tax purposes, setting forth such Member’s distributive share of Company items of Profit or Loss for such fiscal year and the amount of such Member’s Capital Account at the end of such fiscal year, and · such other financial information and documents respecting the Company and its business as the Manager deems appropriate, or as a Member may reasonably require and request in writing, to enable such Member to prepare its federal and state income tax returns. As soon as practicable after the end of each semi-annual period, but in no event later than 90 days following the end of each such period, the Manager shall prepare and e-mail, mail or make available on its secure website, to each Member · the Company’s unaudited financial statements as of the end of such fiscal semi-annual and for the portion of the fiscal year then ended, · a statement of the properties of the Company, including the cost of all properties, and · a report reviewing the Company’s activities and business strategies for such period. The Manager shall cause the Company reports to be prepared in accordance with Generally Accepted Accounting Principles (“GAAP’).. Cardone Equity Fund V, LLC 14 Operating Agreement

Consultation; Periodic Reports. ☐ The Company shall engage an independent certified public accountant or accounting firm, in the discretion of the Manager, to audit the Company’s financial statements as of the end of each fiscal year. As soon as practicable after the end of such fiscal year, but in no event later than 120 days after the end of such fiscal year, the Manager shall provide to each Member: audited financial statements of the Company as of the end of and for such fiscal year, including a Statement of Assets, Liabilities, and Members’ Equity and statement of operations, together with the report thereon of the Company’s independent certified public accountant or accounting firm, and · ☐ a statement of Properties of the Company, including the cost of such Properties. Within 90 days, the Manager shall provide the following to the Members: · ☐ a Schedule K-1 for such Member with respect to such fiscal year, prepared in accordance with the Internal Revenue Code (‘IRS Code’), together with corresponding forms for state income tax purposes, setting forth such Member’s distributive share of Company items of Profit or Loss for such fiscal year and the amount of such Member’s Capital Account at the end of such fiscal year, and · ☐ such other financial information and documents respecting the Company and its business as the Manager deems appropriate, or as a Member may reasonably require and request in writing, to enable such Member to prepare its federal and state income tax returns. As soon as practicable after the end of each semi-annual period, but in no event later than 90 days following the end of each such period, the Manager shall prepare and e-mail, mail or make available on its secure website, to each Member · ☐ the Company’s unaudited financial statements as of the end of such fiscal semi-annual and for the portion of the fiscal year then ended, · ☐ a statement of the properties of the Company, including the cost of all properties, and · ☐ a report reviewing the Company’s activities and business strategies for such period. The Manager shall cause the Company reports to be prepared in accordance with Generally Accepted Accounting Principles (“GAAP’).

Consultation; Periodic Reports. The Company shall engage an independent certified public accountant or accounting firm, in the discretion of the Manager, to audit the Company’s financial statements as of the end of each fiscal year. As soon as practicable after the end of such fiscal year, but in no event later than 120 days after the end of such fiscal year, the Manager shall provide to each Member: audited financial statements of the Company as of the end of and for such fiscal year, including a Statement of Assets, Liabilities, and Members’ Equity and statement of operations, together with the report thereon of the Company’s independent certified public accountant or accounting firm, and · a statement of Properties Royalty Interests of the Company, including the cost of such PropertiesRoyalty Interests. Within 90 daysNo later than March 31 of each year, the Manager shall endeavor to provide the following to the Members: · a Schedule K-1 for such Member with respect to such fiscal year, prepared in accordance with the Internal Revenue Code (‘IRS Code’), together with corresponding forms for state income tax purposes, setting forth such Member’s distributive share of Company items of Profit or Loss for such fiscal year and the amount of such Member’s Capital Account at the end of such fiscal year, and · such other financial information and documents respecting the Company and its business as the Manager deems appropriate, or as a Member may reasonably require and request in writing, to enable such Member to prepare its federal and state income tax returns. As soon as practicable after the end of each semi-annual period, but in no event later than 90 days following the end of each such period, the Manager shall prepare and e-mail, mail or make available on its secure website, to each Member · the Company’s unaudited financial statements as of the end of such fiscal semi-annual and for the portion of the fiscal year then ended, · a statement of the properties of the Company, including the cost of all properties, and · a report reviewing the Company’s activities and business strategies for such period. The Manager shall cause the Company reports to be prepared in accordance with Generally Accepted Accounting Principles (“GAAP’).

Consultation; Periodic Reports. The Company shall engage an independent certified public accountant or accounting firm, in the discretion of the Manager, to audit the Company’s financial statements as of the end of each fiscal year. As soon as practicable after the end of such fiscal year, but in no event later than 120 days after the end of such fiscal year, the Manager shall provide to each Member: audited financial statements of the Company as of the end of and for such fiscal year, including a Statement of Assets, Liabilities, and Members’ Equity and statement of operations, together with the report thereon of the Company’s independent certified public accountant or accounting firm, and · a statement of Properties of the Company, including the cost of such Properties. Within 90 days, the Manager shall provide the following to the Members: · a Schedule K-1 for such Member with respect to such fiscal year, prepared in accordance with the Internal Revenue Code (‘IRS Code’), together with corresponding forms for state income tax purposes, setting forth such Member’s distributive share of Company items of Profit or Loss for such fiscal year and the amount of such Member’s Capital Account at the end of such fiscal year, and · such other financial information and documents respecting the Company and its business as the Manager deems appropriate, or as a Member may reasonably require and request in writing, to enable such Member to prepare its federal and state income tax returns. As soon as practicable after the end of each semi-annual period, but in no event later than 90 days following the end of each such period, the Manager shall prepare and e-mail, mail or make available on its secure website, to each Member · the Company’s unaudited financial statements as of the end of such fiscal semi-annual and for the portion of the fiscal year then ended, · a statement of the properties of the Company, including the cost of all properties, and · a report reviewing the Company’s activities and business strategies for such period. The Manager shall cause the Company reports to be prepared in accordance with Generally Accepted Accounting Principles (“GAAP’).. Cardone Equity Fund VI, LLC 14 Operating Agreement

Consultation; Periodic Reports. The Company shall engage an independent certified public accountant or accounting firm, in the discretion of the Manager, to audit the Company’s financial statements as of the end of each fiscal year. As soon as practicable after the end of such fiscal year, but in no event later than 120 days after the end of such fiscal year, the Manager shall provide to each Member: audited financial statements of the Company as of the end of and for such fiscal year, including a Statement of Assets, Liabilities, and Members’ Equity and statement of operations, together with the report thereon of the Company’s independent certified public accountant or accounting firm, and · § a statement of Properties of the Company, including the cost of such Properties. Within 90 days, the Manager shall provide the following to the Members: · § a Schedule K-1 for such Member with respect to such fiscal year, prepared in accordance with the Internal Revenue Code (‘“IRS Code’”), together with corresponding forms for state income tax purposes, setting forth such Member’s distributive share of Company items of Profit or Loss for such fiscal year and the amount of such Member’s Capital Account at the end of such fiscal year, and · § such other financial information and documents respecting the Company and its business as the Manager deems appropriate, or as a Member may reasonably require and request in writing, to enable such Member to prepare its federal and state income tax returns. As soon as practicable after the end of each semi-annual period, but in no event later than 90 days following the end of each such period, the Manager shall prepare and e-mail, mail or make available on its secure website, to each Member · § the Company’s unaudited financial statements as of the end of such fiscal semi-annual and for the portion of the fiscal year then ended, · a statement of the properties of the Company, including the cost of all properties, and · a report reviewing the Company’s activities and business strategies for such period. The Manager shall cause the Company reports to be prepared in accordance with Generally Accepted Accounting Principles (“GAAP’).,

Consultation; Periodic Reports. The Company shall engage an independent certified public accountant or accounting firm, in the discretion of the Manager, to act as the accountant for the Company and to audit the Company’s financial statements books and accounts as of the end of each fiscal year. As soon as practicable after the end of such fiscal year, but in no event later than 120 days after the end of such fiscal year, the Manager shall provide to each Member: · audited financial statements of the Company as of the end of and for such fiscal year, including a Statement of Assets, Liabilities, and Members’ Equity balance sheet and statement of operationsincome, together with the report thereon of the Company’s independent certified public accountant or accounting firm, and · a statement of Properties of the Company, including the cost of such Properties. Within 90 days, the Manager shall provide the following to the Members: · a Schedule K-1 for such Member with respect to such fiscal year, prepared in accordance with the Internal Revenue Code (‘IRS Code’), together with corresponding forms for state income tax purposes, setting forth such Member’s distributive share of Company items of Profit or Loss for such fiscal year and the amount of such Member’s Capital Account at the end of such fiscal year, and · such other financial information and documents respecting the Company and its business as the Manager deems appropriate, or as a Member may reasonably require and request in writing, to enable such Member to prepare its federal and state income tax returns. As soon as practicable after the end of each semi-annual period, but in no event later than 90 days following the end of each such period, the Manager shall prepare and e-mail, mail or make available on its secure website, to each Member Member: · the Company’s unaudited financial statements as of the end of such fiscal semi-annual and for the portion of the fiscal year then ended, · a statement of the properties of the Company, including the cost of all properties, and · a report reviewing the Company’s activities and business strategies for such periodperiod and an update of such Member’s capital account. The Manager shall cause the Company reports to be prepared in accordance with Generally Accepted Accounting Principles (“GAAP’).

Consultation; Periodic Reports. The Company shall engage an independent certified public accountant or accounting firm, in the discretion of the Manager, to audit the Company’s financial statements as of the end of each fiscal year. As soon as practicable after the end of such fiscal year, but in no event later than 120 days after the end of such fiscal year, the Manager shall provide to each Member: audited financial statements of the Company as of the end of and for such fiscal year, including a Statement of Assets, Liabilities, and Members’ Equity and statement of operations, together with the report thereon of the Company’s independent certified public accountant or accounting firm, and · ·a statement of Properties Company Investments of the Company, including the cost of such PropertiesCompany Investments. Within 90 days, the Manager shall provide the following to the Members: · ·a Schedule K-1 for such Member with respect to such fiscal year, prepared in accordance with the Internal Revenue Code (‘IRS Code’), together with corresponding forms for state income tax purposes, setting forth such Member’s distributive share of Company items of Profit or Loss for such fiscal year and the amount of such Member’s Capital Account at the end of such fiscal year, and · ·such other financial information and documents respecting the Company and its business as the Manager deems appropriate, or as a Member may reasonably require and request in writing, to enable such Member to prepare its federal and state income tax returns. As soon as practicable after the end of each semi-annual period, but in no event later than 90 days following the end of each such period, the Manager shall prepare and e-mail, mail or make available on its secure website, to each Member · ·the Company’s unaudited financial statements as of the end of such fiscal semi-annual and for the portion of the fiscal year then ended, · ·a statement of the properties of the Company, including the cost of all properties, and · ·a report reviewing the Company’s activities and business strategies for such period. The Manager shall cause the Company reports to be prepared in accordance with Generally Accepted Accounting Principles (“GAAP’).