This excerpt taken from the STEN 8-K filed Nov 28, 2005.
SECTION 5.04. Financial Statements. The Borrower has provided to Lender full and complete copies of the consolidated balance sheets of Borrower and the Subsidiaries as of March 31, 2003, March 31, 2004, and March 31, 2005 and the related statements of income and retained earnings of the Borrower and Subsidiaries for the fiscal years then ended, and the accompanying footnotes. The Borrower has also provided to Lender full and complete copies of the interim balance sheet of the Borrower and Subsidiaries as of August 31, 2005, and the related statement of income and retained earnings for the five (5) month period then ended. All financial statements provided to Lender are complete and correct and fairly present the financial condition of the Borrower and Subsidiaries as at such dates and the results of the operations of the Borrower for the periods covered by such statements, all in accordance with GAAP consistently applied (subject to year-end adjustments in the case of the interim financial statements), and since August 31, 2005, there has been no material adverse change in the condition (financial or otherwise), business, or operations of the Borrower. There are no liabilities of the Borrower, fixed or contingent, which are material but are not reflected in the financial statements provided to Lender or in the notes thereto, other than liabilities arising in the ordinary course of business since August 31, 2005. No information, exhibit, or report furnished by the Borrower to the Lender in connection with the negotiation of this Agreement contained any material misstatement of fact or omitted to state a material fact or any fact necessary to make the statement contained therein not materially misleading.