Financial Reporting

        
(i)   

the Regional Franchisor will keep a proper set of books of account and proper records relevant to the Business in accordance with procedures set out by the company from time to time, and accurately maintain them up to date at all time.  The Regional Franchisee acknowledges that the Company may require that the books of account and records relevant to the Business be maintained on a computer using software approved by the Company from time to time;
           

       
(ii)   

the Regional Franchisor will permit the Company and its servants and agents at all reasonable times and with 24 hours notice to inspect and copy each book of account and other records relating to the conduct of the Business as far as they concern any matter in this Deed at such  location as is nominated by the Company from time to time;

       
(iii)   

if the Company considers that there is any irregularity of the books of accounts of the Regional Franchisor then it may nominate an independent auditor to examine such books of account and records, calculating or other equipment used by the Regional Franchisor.  The cost of such audit shall, subject to subÄ?Ë?Â?clause (w)(ii) be borne by the Company;

       
(iv)   

if in the opinion of the independent auditor, the Regional Franchisor's books of account are not in order and are inaccurate to the extent that the gross revenue have been understated to the extent of 2% or more then the auditor's fees and expenses shall be paid by the Regional Franchisor;