Common use of Reporting Covenant Clause in Contracts

Reporting Covenant. Required Complies ------------------ -------- -------- Quarterly financial statements Quarterly within 45 days Yes No Annual (CPA Audited) FYE within 90 days Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No A/R Agings Monthly within 20 days Yes No

Reporting Covenant. Required Complies ------------------ -------- -------- Quarterly Monthly financial statements Quarterly Monthly within 45 days Yes No Annual (CPA Audited) FYE within 90 30 days Yes No 10-Q, 10-K and 8-K Within 5 10Q 10 days after of SEC filing with SEC date Yes No A/R Agings & A/P Agings, Borrowing Base Cert. Monthly within 20 25 days Yes No A/R Audit Initial and Semi-Annual Yes No

Reporting Covenant. Required Complies ------------------ -------- -------- Quarterly Monthly financial statements Quarterly + CC Monthly within 45 30 days Yes No Annual (CPA Audited) FYE within 90 days Yes No 10-Q, Q and 10-K and 8-K Within 5 days after filing with SEC Yes No A/R & A/P Agings (by invoice date) Monthly within 20 30 days Yes No Borrowing Base Certificate Monthly within 30 days Yes No Board approved financial projections FYE within 30 days Yes No

Reporting Covenant. Required Complies ------------------ -------- -------- Quarterly Monthly financial statements Quarterly Monthly within 45 30 days, quarterly, within 5 days of filing Yes No Annual (CPA Audited) FYE within 90 days Yes No 10Q and 10-Q, 10-K and 8-K Within 5 days after filing with the SEC Yes No A/R Agings Monthly within 20 30 days Yes No

Reporting Covenant. Required Complies ------------------ -------- -------- Quarterly Monthly financial statements Quarterly and Comp. Cert. Monthly within 45 30 days Yes No Annual (CPA Audited) and Comp. Cert. FYE within 90 days Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No A/R Agings Monthly within 20 days (if applicable) Yes No

Reporting Covenant. Required Complies ------------------ -------- -------- Quarterly Monthly financial statements Quarterly Monthly within 45 30 days (except Yes No quarter ends by furnishing SEC report in timely manner) Annual (CPA Audited) FYE within 90 days Yes No 10Q and 10-Q, 10-K and 8-K other SEC Within 5 days after filing with SEC Yes No A/R Agings Monthly within 20 days Yes NoReports

Reporting Covenant. Required Complies ------------------ -------- -------- Quarterly financial statements Quarterly within 45 days Yes No Annual (CPA Audited) FYE within 90 days Yes No 10-QA/R Agings When borrowing, 10-K and 8-K Within 5 within 30 days after filing with SEC of month end Yes No A/R Agings Monthly within 20 days Audit Initial and Annual Yes No

Reporting Covenant. Required Complies ------------------ -------- -------- --------- --------- Quarterly financial statements Quarterly within 45 days Yes No Annual (CPA Audited) FYE within 90 days Yes No 10-Q, 10-K and 8-K Within 5 days after filing with SEC Yes No A/R Agings Monthly within 20 days Yes NoNo Inventory Report Monthly within 20 days* Yes No * when Advances have been made or are outstanding under the EXIM Agreement based upon the value of Borrower's Inventory