Munzee has delivered to Buyer the following unaudited financial statements prior to the Closing (the “Munzee Financial Statements”): the unaudited statement of operations and balance sheet of Munzee for the calendar years ended December 31, 2016, December 31, 2015 and December 31, 2014. Except as stated therein or in the notes thereto, the Munzee Financial Statements: (a) present fairly the financial position of Munzee as of the respective dates thereof and the results of operations and changes in financial position of Munzee for the respective periods covered thereby; and (b) have been prepared in accordance with Munzee’s normal business practices applied on a consistent basis throughout the periods covered. Munzee will cooperate with Buyer to prepare the following audited financial statements prior to the Closing (the “Munzee Audited Financial Statements”): (i) the audited statement of operations and statement of cash flows for the calendar years ended December 31, 2016 and December 31, 2015, and balance sheets as of December 31, 2016, December 31, 2015, and December 31, 2014, and the (ii) audited statement of operations and statement of cash flows for the partial calendar year ended December 31, 2017, and the balance sheet as of the calendar quarter ended, which precedes the effective date of this Agreement. All financial statements shall be prepared in accordance with generally accepted accounting principles.