Extract to table

Each Compliance Certificate must be executed by the Chief Financial Officer of Stonefield and must set forth, in reasonable detail, calculations demonstrating compliance with each of the following financial covenants: (a) Maximum Total Leverage Ratio

The ratio of (i) LTM Adjusted EBITDA minus unfinanced capital expenditures minus cash taxes paid to (ii) Fixed Charges (as defined in the Mezzanine Credit Agreement) must be at least 1

Stonefield must maintain Liquidity of not less than $15,000,000 at all times

01 of the Mezzanine Credit Agreement: (a) Audited consolidated financial statements (including balance sheet, income statement, statement of cash flows, and statement of stockholders' equity) for each fiscal year must be delivered to Ridgeline within ninety (90) days after the end of such fiscal year

The financial statements must be prepared in accordance with GAAP and must be audited by an independent registered public accounting firm of recognized national standing

(b) Unaudited consolidated financial statements for each fiscal quarter (other than the fourth fiscal quarter) must be delivered within forty-five (45) days after the end of such fiscal quarter