Common use of Deferred Income Taxes Clause in Contracts

Deferred Income Taxes. The term "Deferred Income Taxes" shall mean the deferred tax assets and liabilities required to be recorded under GAAP to reflect the tax effect of temporary differences between the financial statements carrying values and the tax bases of assets and liabilities. EXECUTED as of the date first written above. GENERAL ROOFING SERVICES, INC. By: /S/ Gregx Xxxxxxx ------------------------------ Gregx Xxxxxxx, Xxesident ADVANCED ROOFING, INC. By: /s/ ------------------------------

Deferred Income Taxes. The term "Deferred Income Taxes" shall mean the deferred tax assets and liabilities required to be recorded under GAAP to reflect the tax effect of temporary differences between the financial statements carrying values and the tax bases of assets and liabilities. EXECUTED as of the date first written above. GENERAL ROOFING SERVICES, INC. By: /S/ By:/s/ Gregx Xxxxxxx ------------------------------ -------------------------------- Gregx Xxxxxxx, Xxesident ADVANCED ROOFING, INC. By: /s/ ------------------------------Xxesident

Deferred Income Taxes. The term "Deferred Income Taxes" shall mean the deferred tax assets and liabilities required to be recorded under GAAP to reflect the tax effect of temporary differences between the financial statements carrying values and the tax bases of assets and liabilities. EXECUTED as of the date first written above. GENERAL ROOFING SERVICES, INC. By: /S/ By:/s/ Gregx Xxxxxxx ------------------------------ Gregx Xxxxxxx, Xxesident ADVANCED ROOFING, INC. By: /s/ ------------------------------Xxesident

Deferred Income Taxes. The term "Deferred Income Taxes" shall mean the deferred tax assets and liabilities required to be recorded under GAAP to reflect the tax effect of temporary differences between the financial statements carrying values and the tax bases of assets and liabilities. EXECUTED as of the date first written above. GENERAL ROOFING SERVICES, INC. By: /S/ /s/ Gregx Xxxxxxx ------------------------------ ------------------------------- Gregx Xxxxxxx, Xxesident ADVANCED ROOFING, INC. By: /s/ ------------------------------Xxesident