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172981943v5 18 Section 4.9 Financial Information and Reporting. Except as otherwise stated in this Agreement, all financial information provided to the Lender shall be compiled using GAAP. During the term of this Agreement, and afterward until all amounts due under this Agreement are paid in full, unless the Lender shall otherwise agree in writing, the Borrower agrees to: (1) Provide the Lender, within 150 days after Borrower’s fiscal year end, annual audited financial statements for Borrower with an unqualified opinion of an independent certified public accountant of recognizable standing selected by Borrower and approved by Lender, certified as true and correct by an officer or other authorized representative of Borrower upon request; (2) Provide the Lender, within 30 days after the end of each month, unaudited financial statements for such month; (3) [Intentionally Omitted]; (4) Provide the Lender, within 30 days after the start of each fiscal year of Borrower or more frequently as requested by the Lender, the Borrower’s projected operating budget for the next succeeding fiscal year in form and substance acceptable to Lender; (5) Provide the Lender, within 30 days after the start of each fiscal year of Borrower or more frequently as requested by the Lender, the Borrower’s enrollment figures for the school year aligning with such fiscal year in detail acceptable to Lender; and (6) Provide the Lender with such other information as it may reasonably request, and permit the Lender or its agent(s) to visit and inspect its properties and examine its books and records. Section 4.10 Financial Covenants. The Borrower covenants and agrees that while this Agreement is in effect, the Borrower shall maintain the following financial covenants: (1) Bank Accounts. The Borrower shall maintain its primary demand deposit operating accounts with the Lender during the term of the Note. The Borrower shall have six (6) months from the date of this Agreement to move the majority of its depository accounts to accounts with the Lender, with all deposit accounts transferred to the Lender within twelve (12) months from the date of this Agreement. Section 4.11 Access to Land and Facility. The Borrower grants to the Lender and to the Lender’s agents access to the Land and Facility at any reasonable time during normal business hours in order to inspect the Facility and the Borrower’s other property. Lender’s activities at the Land and Facility shall be conducted in a manner that minimizes disruption of the Borrower’s activities, taking into consideration the needs of teachers and students as reasonably understood by the Lender or as communicated by the Borrower to the Lender, and subject to the terms of any leases or licenses affecting the Land or the Facility. Section 4.12 Access to Books and Inspection. The Borrower shall keep proper books of record and accounts with respect to the use and operation of the Facility and the Borrower’s other