5- Customers invoiced in each month subscribe to a standard 12-month membership and are

required to join as of the first of the current month (they are given retroacve access to content and data). The monthly sales report (for January) can be found in Appendix II. Customers who purchased ckets to the in-person conference are also noted in the report.

6- As of Jan 31st, your policy requires 5% of outstanding receivables as an allowance for bad debt. The Company has never recorded an allowance for bad debt in the past.

7- During January Clear Vent received an addional USD $27,000 from non-client on-line conference registraons. The revenue is collected immediately at registraon and the credit card company charges a fee of 2% on all conference registraons up front. For simplicity Clear Vent expenses any fees in the month they are paid/incurred.

8- In January Clear Vent invoiced and collected $176,000 from US and Canadian customers for custom research projects, a non-taxable product. The project team provided you with a detailed status report in Appendix III. Revenue is recorded based on the % of compleon of work each month

- Ticket sales include both the sale of tickets to clients/members at the time of joining as well as non-clients we market to. " June walk ins not budgeted to high level of unpredictability (assume zero). Appendix III-Research Report Appendix II - Extract of monthly sales report (January): Membership (subscription) sales to Canadian customers require a 5% GST charged on top of the list price while USA based customers are not taxed. Ticket (event) sales are not taxable regardless of where clients are located. Appendix II - Extract of monthly sales report (January): Membership (subscription) sales to Canadian customers require a 5% GST charged on top of the list price while USA based customers are not taxed. Ticket (event) sales are not taxable regardless of where clients are located. - Ticket sales include both the sale of tickets to clients/members at the time of joining as well as non-clients we market to. " June walk ins not budgeted to high level of unpredictability (assume zero). Appendix III-Research Report Appendix II - Extract of monthly sales report (January): Membership (subscription) sales to Canadian customers require a 5% GST charged on top of the list price while USA based customers are not taxed. Ticket (event) sales are not taxable regardless of where clients are located. Appendix II - Extract of monthly sales report (January): Membership (subscription) sales to Canadian customers require a 5% GST charged on top of the list price while USA based customers are not taxed. Ticket (event) sales are not taxable regardless of where clients are located