Common use of Parent Reports Clause in Contracts

Parent Reports. Buyer and Parent have delivered to Sellers true and correct copies of (a) Parent's Annual Report on Form 10-KSB for the year ended December 31, 1997, as amended, and (b) Parent's Quarterly Report on Form 10-QSB for the quarter ended March 31, 1998 (collectively, the "PARENT REPORTS"). The Parent Reports, taken as a whole, did not at the time they were filed contain an untrue statement of material fact, nor omit to state a material fact necessary to make the statements made therein not misleading.