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Bylaws re Reporting

Per the Bylaws, quoted below, a quarterly financial report is required, which has been done, and an annual report stating income, outgo, and assets, which has been done. This is all a matter of record in the Minutes.

Section 11: Duties of the Treasurer

The Treasurer of Troubled Times, Inc. shall:

(j) prepare a quarterly Financial Statement for the Board, and prior to this pay all valid outstanding vouchers or bills and deposit all outstanding checks by the end of said quarter;

Section 5: Annual Report

The Board shall cause an Annual Report to be furnished not later than 120 days after the close of the corporation's Fiscal Year to all directors of the corporation and, if this corporation has members, to any member who requests it in writing, which report shall contain the following information in appropriate detail:

(a) the assets and liabilities, including the trust funds, of the corporation as of the end of the Fiscal Year;

(b) the principal changes in assets and liabilities, including trust funds, during the Fiscal Year;

(c) the revenue or receipts of the corporation , both unrestricted and restricted to particular purposes, for the Fiscal Year;

(d) the expenses or disbursements of the corporation, for both general and restricted purposes, during the Fiscal Year;

(e) any transactions involving members of directors or officers, the reporting of which may be required by the laws of the State of Delaware or the Internal Revenue Service.

The Annual Report shall be accompanied by any report thereon of independent accountants, or, if there is no such report, the certificate of an authorized officer of the corporation that such statements were prepared without audit from the books and records of the corporation. If this corporation receives $25,000, or more, in gross revenues or receipts during the Fiscal Year, this corporation shall automatically send the above Annual Report to all members, in such manner, at such time, and with such contents, including an accompanying report from independent accountants or certification of a corporate officer.