Seller has delivered to TJC the financial statements for the Subject Franchises as of and for the calendar years 2013 and 2014 and for the first six (6) months of 2015 (collectively, the “ Financial Statements ”). The Financial Statements fairly present and will fairly present the financial position and results of operations of the Subject Franchises as of and for the periods presented and are prepared in accordance with U.S. generally accepted accounting principles, applied on a consistent basis.