Common use of Audited and Unaudited Financial Statements Clause in Contracts

Audited and Unaudited Financial Statements. Gysan has furnished to Dino the Gysan Financial Statements for the period ending October 31, 2011 and the interim financial statements for the period ending July 31, 2012 (the "Gysan Financial Statements"). The Gysan Financial Statements (including the related notes, where applicable) fairly present (subject, in the case of the unaudited statements, to audit adjustments normal in nature and amount and the addition of customary notes) the assets, liabilities, results of the operations and changes in stockholders' equity and financial position of Gysan for the respective periods or as of the respective dates therein set forth; and the Financial Statements (including the related notes, where applicable) have been prepared in accordance with Generally Accepted Accounting Principles ("GAAP") consistently applied during the periods involved, except as indicated in the notes thereto.