Management and Reporting. 5.1 The Shareholders, acting through the Management Committee, shall appoint qualified individuals to act as the General Manager and. Finance Manager of the Company. The General Manager shall manage the day-today operations of the Company in accordance with the specific powers delegated to him by the Management Committee and the decisions, budgets and guidelines established by the Management Committee from time to time. 5.2 All books of account and the annual financial statements shall be prepared and maintained by the Company in Rials. The Shareholders shall appoint a firm of accountants of international repute established in Muscat that shall audit, within ninety (90) days after the end of each financial year, the annual financial statements of the Company for such financial year. 5.3 The financial statements shall be prepared in accordance with international accounting standards issued by Omani regulations, the International Accounting Standards Committee and the International Financial Reporting Standard (IFRS) and shall include the Company's audited balance sheet and audited statements of income and cash flows, and audit reports. 5.4 The Shareholders shall cause the Management Committee to adopt internal regulations including in respect of a business plan , annual budget, annual finance plan:
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Sources: Earn in Agreement, Earn in Agreement (Gentor Resources, Inc.)