The audited consolidated balance sheet of the Borrower and its subsidiaries as at January 30, 2016, and the related audited consolidated statements of income and cash flows for such fiscal year, reported on by and accompanied by a report from the Loan Parties’ independent auditors, copies of which have heretofore been furnished to each Lender, present fairly in all material respects the consolidated financial position of the Borrower as at such date and the consolidated results of operations and cash flows of the Borrower for the fiscal year then ended.