Frank R. Knight, C.P.A.

Compiled Financial Statements

Fee is generally combined with other services and paid as a Monthly Fee

Each calendar quarter (March 31, June 30, September 30 & December 31), I will compile, from information you provide, statement of assets, liabilities and equity – income tax basis of «Company» and the related statement of revenues, expenses, and retained earnings – income tax basis for the period then ended. I will not audit or review such financial statements.

My reports on the quarter-end financial statements of <<Company>> are presently expected to read as follows:

 I have compiled the accompanying statement of assets, liabilities and equity – income tax basis of <<Company>> as of <<date>> and the related statement of revenues, expenses, and retained earnings – income tax basis for the period then ended, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants.

A compilation is limited to presenting in the form of financial statements information that is the representation of management. I have not audited or reviewed the accompanying financial statements and, accordingly, do not express an opinion or any other form of assurance on them.

Management has elected to omit substantially all of the disclosures required by generally accepted accounting principles. If the omitted disclosures were included in the financial statements, they might influence the user’s conclusions about the Company’s financial position, results of operations, and cash flows. Accordingly, these financial statements are not designed for those who are not informed about such matters.

I am not independent with regard to <<Company>>.

If, for any reason, I am unable to complete the compilations of your financial statements, I will not issue reports on such statements as a result of this engagement.

My engagement cannot be relied upon to disclose errors, fraud, or illegal acts that may exist. However, I will inform you of any material errors that come to my attention and any fraud or illegal acts that come to my attention, unless they are clearly inconsequential. In addition, I have no responsibility to identify and communicate significant deficiencies or material weaknesses in your internal control as part of this engagement.