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<SEC-DOCUMENT>0000926236-10-000027.txt : 20100722
<SEC-HEADER>0000926236-10-000027.hdr.sgml : 20100722
<ACCEPTANCE-DATETIME>20100722122923
ACCESSION NUMBER:		0000926236-10-000027
CONFORMED SUBMISSION TYPE:	8-K/A
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20100604
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20100722
DATE AS OF CHANGE:		20100722

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HENRY JACK & ASSOCIATES INC
		CENTRAL INDEX KEY:			0000779152
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		IRS NUMBER:				431128385
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14112
		FILM NUMBER:		10964233

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 807
		STREET 2:		663 HWY 60
		CITY:			MONETT
		STATE:			MO
		ZIP:			65708-0807
		BUSINESS PHONE:		4172356652

	MAIL ADDRESS:	
		STREET 1:		PO BOX 807
		STREET 2:		663 HWY 60
		CITY:			MONETT
		STATE:			MO
		ZIP:			65708-0807
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<FILENAME>jha8ka06042010.htm
<DESCRIPTION>CURRENT REPORT FORM 8-K/A (AMENDMENT NO. 1) JUNE 4, 2010
<TEXT>

<HTML>
<HEAD>
<TITLE>JKHY FORM 8-K/A 06042010  </TITLE>
</HEAD>
<BODY>
<HR>

<P ALIGN="CENTER">&nbsp;</P>
<B><FONT SIZE=2><P ALIGN="CENTER">UNITED STATES SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</P>
</FONT><FONT SIZE=5><P ALIGN="CENTER">Form 8-K/A<BR>
</FONT>(Amendment No. 1)</P>
<FONT SIZE=2><P ALIGN="CENTER">CURRENT REPORT</P>
<P ALIGN="CENTER">Pursuant to Section 13 or 15(d) of the<BR>
Securities Exchange Act of 1934</P>
</B></FONT><P ALIGN="CENTER">Date of Report (Date of earliest event reported):&nbsp;&nbsp; <B>June 4, 2010</P>
</B><FONT SIZE=6><P ALIGN="CENTER">JACK HENRY &amp; ASSOCIATES, INC.</FONT><FONT SIZE=2><BR>
 (Exact name of registrant as specified in its charter)</P>
</FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="100%">
<TR><TD WIDTH="33%" VALIGN="TOP">
<B><P ALIGN="CENTER">Delaware</B><FONT SIZE=2><BR>
 (State or other jurisdiction of<BR>
incorporation)</FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<B><P ALIGN="CENTER">0-14112</B><FONT SIZE=2><BR>
 (Commission<BR>
File Number <I>)</I></FONT></TD>
<TD WIDTH="33%" VALIGN="TOP">
<B><P ALIGN="CENTER">43-1128385</B><FONT SIZE=2><BR>
 (I.R.S. Employer<BR>
Identification No.)</FONT></TD>
</TR>
</TABLE>

<B><P ALIGN="CENTER">663 Highway 60, P.O. Box 807<FONT SIZE=2><BR>
 Monett, Missouri 65708</B><BR>
 (Address of principal executive office) (Zip Code)</P>
</FONT><B><P ALIGN="CENTER"> (417) 235-6652</B><FONT SIZE=2><BR>
 (Registrant's telephone number, including area code)</P>
</FONT><B><P ALIGN="CENTER">Not Applicable</B><FONT SIZE=2><BR>
 (Former name or former address, if changed since last report)</P>
<P>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
</FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="100%">
<TR><TD WIDTH="7%" VALIGN="TOP">
<FONT FACE="Wingdings" SIZE=2><FONT FACE="Wingdings" SIZE=2><P ALIGN="CENTER">&#168;</FONT></FONT></TD>
<TD WIDTH="93%" VALIGN="TOP">
<FONT SIZE=2><P>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=2>
<FONT SIZE=2><P>&nbsp;</FONT></TD>
</TR>
<TR><TD WIDTH="7%" VALIGN="TOP">
<FONT FACE="Wingdings" SIZE=2><FONT FACE="Wingdings" SIZE=2><P ALIGN="CENTER">&#168;</FONT></FONT></TD>
<TD WIDTH="93%" VALIGN="TOP">
<FONT SIZE=2><P>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=2>
<FONT SIZE=2><P>&nbsp;</FONT></TD>
</TR>
<TR><TD WIDTH="7%" VALIGN="TOP">
<FONT FACE="Wingdings" SIZE=2><FONT FACE="Wingdings" SIZE=2><P ALIGN="CENTER">&#168;</FONT></FONT></TD>
<TD WIDTH="93%" VALIGN="TOP">
<FONT SIZE=2><P>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=2>
<FONT SIZE=2><P>&nbsp;</FONT></TD>
</TR>
<TR><TD WIDTH="7%" VALIGN="TOP">
<FONT FACE="Wingdings" SIZE=2><FONT FACE="Wingdings" SIZE=2><P ALIGN="CENTER">&#168;</FONT></FONT></TD>
<TD WIDTH="93%" VALIGN="TOP">
<FONT SIZE=2><P>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD>
</TR>
</TABLE>

<FONT SIZE=2><P ALIGN="JUSTIFY">&#9;The undersigned Registrant previously reported the completed acquisition of iPay Technologies Holding Company, LLC, a Delaware limited liability company (&quot;iPay&quot;) on its Current Report on Form 8-K filed on June 4, 2010 (the &quot;Initial 8-K&quot;).  This Amendment Number 1 to Current Report on Form 8-K/A (this &quot;Form 8-K/A&quot;) amends the Initial 8-K to include the financial statements and pro forma financial information required to be filed in connection with the acquisition pursuant to Item 9.01(a) and (b) of Form 8-K.  The information previously reported under Item 2.01 in the Initial 8-K is hereby incorporated by reference into this Form 8-K/A.</P>
<P ALIGN="JUSTIFY"></P>
<HR>
<P ALIGN="JUSTIFY"></P>
<B>
<P>ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.</P>
</B><P>(a) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial statements of businesses acquired.</P>
<P>The following historical audited financial statements of iPay Technologies Holding Company, LLC and Subsidiary (&quot;iPay&quot;) are filed as Exhibit 99.2 and are hereby incorporated herein by reference:</P>

<UL>
<P ALIGN="JUSTIFY"><LI>Report of Independent Certified Public Accountants, issued by Grant Thornton LLP dated February 19, 2010;</LI></P>
<P ALIGN="JUSTIFY"><LI>Consolidated Balance Sheets as of December 31, 2009 and December 31, 2008;</LI></P>
<P ALIGN="JUSTIFY"><LI>Consolidated Statements of Operations for the years ended December 31, 2009 and December 31, 2008;</LI></P>
<P ALIGN="JUSTIFY"><LI>Consolidated Statements of Changes in Members' Equity for the years ended December 31, 2009 and December 31, 2008;</LI></P>
<P ALIGN="JUSTIFY"><LI>Consolidated Statements of Cash Flows for the years ended December 31, 2009 and December 31, 2008; and</LI></P>
<P ALIGN="JUSTIFY"><LI>Notes to Consolidated Financial Statements.</LI></P></UL>

<P ALIGN="JUSTIFY">The following historical unaudited financial statements of iPay are filed as Exhibit 99.3 and are hereby incorporated herein by reference:</P>

<UL>
<P ALIGN="JUSTIFY"><LI>Consolidated Balance Sheet for the three-month periods ended March 31, 2010 and March 31, 2009;</LI></P>
<P ALIGN="JUSTIFY"><LI>Consolidated Statements of Operations for the three-month periods ended March 31, 2010 and March 31, 2009; </LI></P>
<P ALIGN="JUSTIFY"><LI>Consolidated Statements of Cash Flows for the three-month periods ended March 31, 2010 and March 31, 2009; and</LI></P>
<P ALIGN="JUSTIFY"><LI>Consolidated Statements of Members' Equity for the three-month periods ended March 31, 2010 and March 31, 2009.</LI></P></UL>

<P> (b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pro Forma Financial Information.</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following unaudited pro forma financial statements, including notes thereto, of Jack Henry &amp; Associates, Inc. (&quot;Jack Henry&quot;) are filed as Exhibit 99.4 and are hereby incorporated herein by reference:</P>

<UL>
<P ALIGN="JUSTIFY"><LI>Unaudited Pro Forma Condensed Consolidated Balance Sheet as of March 31, 2010;</LI></P>
<P ALIGN="JUSTIFY"><LI>Unaudited Pro Forma Condensed Consolidated Statements of Operations for the nine months ended March 31, 2010 and year Ended June 30, 2009; and</LI></P>
<P ALIGN="JUSTIFY"><LI>Notes to the Unaudited Pro Forma Condensed Consolidated Financial Statements.</LI></P></UL>

<P>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits<A NAME="FIS_UNIDENTIFIED_TABLE"></A></P>
</FONT>


<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="100%">
<TR><TD WIDTH="10%" VALIGN="TOP">
<U><FONT SIZE=2><P>Exhibit No.</U></FONT></TD>
<TD WIDTH="90%" VALIGN="TOP">
<U><FONT SIZE=2><P>Description</U></FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
<TD WIDTH="90%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;23.1</FONT></TD>
<TD WIDTH="90%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">Consent of Grant Thornton LLP, independent auditors for iPay Technologies Holding Company, LLC and Subsidiary.</FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
<TD WIDTH="90%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;99.2</FONT></TD>
<TD WIDTH="90%" VALIGN="TOP">
<FONT SIZE=2><P>Audited financial statements of iPay Technologies Holding Company, LLC and Subsidiary as of and for the years ended December 31, 2009 and December 31, 2008.</FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="90%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P>&nbsp;99.3</FONT></TD>
<TD WIDTH="90%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P>Unaudited financial statements of iPay Technologies Holding Company, LLC as of March 31, 2010 and March 31, 2009 and for the three-months then ended.</FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="90%" VALIGN="TOP" HEIGHT=16><P></P></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P>&nbsp;99.4</FONT></TD>
<TD WIDTH="90%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P>Unaudited pro forma financial statements of Jack Henry as of and for the nine months ended March 31, 2010 and for the year ended June 30, 2009.</FONT></TD>
</TR>
</TABLE>

<FONT SIZE=2><P ALIGN="CENTER">&nbsp;</P>
<HR>
<B><P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">SIGNATURES</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
</B></FONT><P ALIGN="CENTER"></P>
<P>&nbsp;</P>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="100%">
<TR><TD WIDTH="38%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
<TD WIDTH="62%" VALIGN="TOP" COLSPAN=2>
<FONT SIZE=2><P>JACK HENRY &amp; ASSOCIATES, INC.</FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
<TD WIDTH="56%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
<TD WIDTH="56%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP">
<FONT SIZE=2><P>By:</FONT></TD>
<TD WIDTH="56%" VALIGN="TOP">
<U><FONT SIZE=2><P>/s/ Kevin D. Williams</U></FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
<TD WIDTH="56%" VALIGN="TOP">
<FONT SIZE=2><P>Kevin D. Williams</FONT></TD>
</TR>
<TR><TD WIDTH="38%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
<TD WIDTH="56%" VALIGN="TOP">
<FONT SIZE=2><P>Chief Financial Officer</FONT></TD>
</TR>
</TABLE>

<FONT SIZE=2><P>Date:&nbsp;&nbsp;July 22, 2010</P>
</FONT><P ALIGN="JUSTIFY">&nbsp;</P>
<HR>
<FONT SIZE=2><P ALIGN="CENTER">&nbsp;<A NAME="FIS_UNIDENTIFIED_TABLE_2"></A></P>
</FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="100%">
<TR><TD WIDTH="14%" VALIGN="TOP">
<U><FONT SIZE=2><P>Exhibit No.</U></FONT></TD>
<TD WIDTH="86%" VALIGN="TOP">
<U><FONT SIZE=2><P>Description</U></FONT></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
<TD WIDTH="86%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;23.1</FONT></TD>
<TD WIDTH="86%" VALIGN="TOP">
<FONT SIZE=2><P ALIGN="JUSTIFY">Consent of Grant Thornton LLP, independent auditors for iPay Technologies Holding Company, LLC and Subsidiary.</FONT></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
<TD WIDTH="86%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;</FONT></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=2><P>&nbsp;99.1</FONT></TD>
<TD WIDTH="86%" VALIGN="TOP">
<FONT SIZE=2><P>Press Release dated June 4, 2010 issued by Jack Henry &amp; Associates, Inc.*</FONT></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="86%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P>&nbsp;99.2</FONT></TD>
<TD WIDTH="86%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P>Audited financial statements of iPay Technologies Holding Company, LLC and Subsidiary as of and for the years ended December 31, 2009 and December 31, 2008.</FONT></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="86%" VALIGN="TOP" HEIGHT=16><P></P></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P>&nbsp;99.3</FONT></TD>
<TD WIDTH="86%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P>Unaudited financial statements of iPay Technologies Holding Company, LLC as of March 31, 2010 and March 31, 2009 and for the three-months then ended.</FONT></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="86%" VALIGN="TOP" HEIGHT=16><P></P></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P>&nbsp;99.4</FONT></TD>
<TD WIDTH="86%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P>Unaudited pro forma financial statements of Jack Henry as of and for the nine months ended March 31, 2010 and for the year ended June 30, 2009.</FONT></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="86%" VALIGN="TOP" HEIGHT=16><P></P></TD>
</TR>
<TR><TD WIDTH="14%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="86%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P>*Previously filed with the Initial 8-K</FONT></TD>
</TR>
</TABLE>
<P>&nbsp;</P>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>2
<FILENAME>exh23-1.htm
<DESCRIPTION>CONSENT
<TEXT>
<HTML>
<HEAD>
<TITLE>JKHY Consent Exh 23.1</TITLE>
</HEAD>
<BODY>
<HR>

<FONT SIZE=2>
<P>&nbsp;</P>
<P ALIGN="CENTER"><A NAME="eolPage2"><A NAME="EXH99_1_HTM"><A NAME="FIS_EXHIBIT_99"></A></A></A></P>
<P ALIGN="CENTER">&nbsp;</P>
<B><P ALIGN="RIGHT">Exhibit 23.1</P>
</B>
<U><P ALIGN="CENTER">CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS</P>
<P ALIGN="CENTER"></P>
</U></FONT><FONT FACE="Calibri" SIZE=2><FONT FACE="Calibri" SIZE=2><P ALIGN="JUSTIFY">We have issued our report dated February 19, 2010, with respect to the consolidated financial statements of iPay Technologies Holding Company, LLC included in the Current Report of Jack Henry &amp; Associates, Inc. on Form 8-K/A dated June 4, 2010.  We hereby consent to the incorporation by reference of said report in the Registration Statements of Jack Henry &amp; Associates, Inc. on Forms S-8 (File No. 33-65251, effective January 9, 1996; File No. 333-16989, effective November 27, 1996; File No. 333-63912, effective June 27, 2001; File No. 333-101680, effective December 6, 2002; File No. 333-130078, effective December 2, 2005; File No. 333-130079, effective December 2, 2005; and File No. 333-138891, effective November 22, 2006).</P>
</FONT></FONT><FONT SIZE=2>
<P>/s/ GRANT THORNTON LLP</P>

<P>Cincinnati, Ohio<BR>
July 22, 2010</P></FONT>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>exh99-2.htm
<DESCRIPTION>AUDITED FINANCIAL STATEMENTS OF IPAY TECHNOLOGIES
<TEXT>
<HTML>
<HEAD>
<TITLE>JKHY Audited financial statements of iPay Technologies Exh 99.2</TITLE>
</HEAD>
<BODY>
<HR>

<FONT SIZE=2>
<P>&nbsp;</P>
<B><P ALIGN="RIGHT">Exhibit 99.2</P>
<P ALIGN="CENTER">Report of Independent Certified Public Accountants</P>
</B><P>To the Members<BR>
iPay Technologies Holding Company, LLC</P>

<P ALIGN="JUSTIFY">We have audited the consolidated balance sheets of iPay Technologies Holding Company, LLC and Subsidiary as of December 31, 2009 and 2008, and the related consolidated statements of operations, members' equity, and cash flows for the years then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. </P>
<P ALIGN="JUSTIFY">We conducted our audits in accordance with auditing standards generally accepted in the United States of America as established by the American Institute of Certified Public Accountants.  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting.  Accordingly, we express no such opinion.  An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  We believe that our audits provi
de a reasonable basis for our opinion.</P>
<P ALIGN="JUSTIFY">In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of iPay Technologies Holding Company, LLC and Subsidiary as of December 31, 2009 and 2008, and the results of their operations and their cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.</P>
<P>/s/ GRANT THORNTON LLP</P>
<P>Cincinnati, Ohio<BR>
February 19, 2010</P>
</FONT>
<HR>
<P ALIGN="CENTER">
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="90%">
<TR><TD VALIGN="BOTTOM" COLSPAN=8 HEIGHT=19>
<B><FONT SIZE=2><P ALIGN="CENTER">iPAY TECHNOLOGIES HOLDING COMPANY, LLC AND SUBSIDIARY</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=8 HEIGHT=19><P></P></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=8 HEIGHT=19>
<B><FONT SIZE=2><P ALIGN="CENTER">CONSOLIDATED BALANCE SHEETS</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=8 HEIGHT=19><P></P></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=8 HEIGHT=19>
<B><FONT FACE="Calibri" SIZE=3><FONT FACE="Calibri" SIZE=3><P ALIGN="CENTER">December&nbsp;31, 2009 and 2008</B></FONT></FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P><A NAME="RANGE_A1_K45">ASSETS</A></B></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P ALIGN="CENTER">2009</B></FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P ALIGN="CENTER">2008</B></FONT></TD>
</TR>
<TR><TD WIDTH="29%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>CURRENT ASSETS</FONT></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="29%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>  Cash and cash equivalents</FONT></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">8,640,805</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">4,763,360</FONT></TD>
</TR>
<TR><TD WIDTH="29%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>  Accounts receivable</FONT></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">381,903</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">344,784</FONT></TD>
</TR>
<TR><TD WIDTH="29%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>  Unbilled revenue</FONT></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">160,146</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">6,262</FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>  Prepaid expenses and other current assets</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">510,483</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">210,950</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=19>
<FONT SIZE=2><P>  Deferred costs</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">1,946,709</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">1,598,640</FONT></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P> Total current assets</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">11,640,046</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">6,923,996</FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>PROPERTY AND EQUIPMENT, NET</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">7,916,167</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">7,992,671</FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Goodwill</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">48,923,131</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">48,923,131</FONT></TD>
</TR>
<TR><TD WIDTH="29%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>Intangible assets</FONT></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">15,945,833</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">18,395,833</FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>Deferred costs, less current portion</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">1,651,105</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">1,064,758</FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>Unbilled revenue, less current portion</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">1,255,203</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">49,082</FONT></TD>
</TR>
<TR><TD WIDTH="29%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>Other assets</FONT></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">204,199</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">299,147</FONT></TD>
</TR>
<TR><TD WIDTH="29%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$</B></FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">87,535,684</B></FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$</B></FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">83,648,618</B></FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="18%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="23%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT">
<DIV style="border-bottom: 3px double #000000"></DIV>
</FONT></TD>
<TD WIDTH="5%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=9><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=9><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=9><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=9><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=9><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=9><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=9><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=9><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<B><FONT SIZE=2><P>LIABILITIES AND MEMBERS' EQUITY</B></FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="29%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>CURRENT LIABILITIES</FONT></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>  Accounts payable and accrued expenses</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">3,492,970</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">2,717,753</FONT></TD>
</TR>
<TR><TD WIDTH="29%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>  Deferred revenue</FONT></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">6,487,366</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">6,108,665</FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>  Current maturities of long-term debt</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">4,575,033</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">4,575,033</FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P> Total current liabilities</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">14,555,369</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">13,401,451</FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=22>
<FONT SIZE=2><P>Deferred revenue, less current portion</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=22>
<FONT SIZE=2><P ALIGN="RIGHT">1,191,716</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=22><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=22>
<FONT SIZE=2><P ALIGN="RIGHT">1,450,214</FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>Long-term debt, less current maturities</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">9,150,067</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">13,725,100</FONT></TD>
</TR>
<TR><TD WIDTH="29%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>Other liabilities</FONT></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">184,320</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P> Total liabilities</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">25,081,472</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">28,576,765</FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="29%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>MEMBERS' EQUITY</FONT></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=19>
<FONT SIZE=2><P>  Members' units - 64,859,011 units authorized;</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>    58,483,248 units issued and outstanding</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">53,100,000</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">53,100,000</FONT></TD>
</TR>
<TR><TD WIDTH="29%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>  Retained earnings</FONT></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">9,354,212</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">1,971,853</FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P> Total members' equity</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">62,454,212</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">55,071,853</FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$</B></FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">87,535,684</B></FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$</B></FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">83,648,618</B></FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="18%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="23%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="5%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
<TR><TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="23%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="64%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=20>
<FONT SIZE=2><P>The accompanying notes are an integral part of these statements.</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
</TR>
</TABLE>
</P>
<HR>
<B><FONT SIZE=2><P ALIGN="CENTER"></P>
</B>
<U><P><A NAME="gmnh1page_fg75901_1_4"><A NAME="fg75901_goldleaf_financial_solut"><A NAME="toc_fg75901_1"></A></A></A></P></U></FONT>
<P ALIGN="CENTER">
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="80%">
<TR><TD VALIGN="BOTTOM" COLSPAN=7 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">iPAY TECHNOLOGIES HOLDING COMPANY, LLC AND SUBSIDIARY</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=7 HEIGHT=17><P></P></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=7 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">CONSOLIDATED STATEMENTS OF OPERATIONS</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=7 HEIGHT=17><P></P></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=7 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">Years Ended December&nbsp;31, 2009 and 2008</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=7 HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P><A NAME="RANGE_A1_K30"></A></FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">2009</B></FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">2008</B></FONT></TD>
</TR>
<TR><TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>REVENUES</FONT></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">43,153,488</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">35,190,852</FONT></TD>
</TR>
<TR><TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>OPERATING EXPENSES</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  Personnel</FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">12,182,526</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">12,516,217</FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>  Selling and marketing expenses</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">6,622,839</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">5,620,947</FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>  Occupancy and equipment</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">247,987</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">255,826</FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>  Telecommunications</FONT></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">242,105</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">241,601</FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>  Technology</FONT></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">326,316</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">361,428</FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>  Professional</FONT></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">614,477</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">631,340</FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>  Processing </FONT></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">4,807,906</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">4,363,545</FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>  Other operating expenses</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">1,116,116</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">1,078,431</FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>  Depreciation and amortization</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">4,183,596</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">3,887,044</FONT></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="35%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P> Total operating expenses</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">30,343,868</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">28,956,379</FONT></TD>
</TR>
<TR><TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="35%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>OPERATING INCOME</FONT></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">12,809,620</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">6,234,473</FONT></TD>
</TR>
<TR><TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>OTHER INCOME (EXPENSE)</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>  Interest expense</FONT></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(834,977)</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(1,460,425)</FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>  Interest income</FONT></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">36,415</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">27,959</FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="35%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P> Total other expense, net</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(798,562)</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(1,432,466)</FONT></TD>
</TR>
<TR><TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="53%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>INCOME BEFORE INCOME TAXES</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">12,011,058</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">4,802,007</FONT></TD>
</TR>
<TR><TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>Income tax expense</FONT></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">151,905</FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">71,578</FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=20>
<FONT SIZE=2><P>NET INCOME</FONT></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$</B></FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">11,859,153</B></FONT></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$</B></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">4,730,429</B></FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="TOP" COLSPAN=2 HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="17%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="6%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="18%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
<TR><TD WIDTH="33%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="82%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=20>
<FONT SIZE=2><P>The accompanying notes are an integral part of these statements.</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
</TR>
</TABLE>
</P>
<HR>
<B><FONT SIZE=2><P ALIGN="CENTER"></P></B></FONT>

<FONT SIZE=2><P ALIGN="CENTER"></P></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="100%">
<TR><TD VALIGN="BOTTOM" COLSPAN=13 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER"><A NAME="gmnh1page_fi75901_1_5"><A NAME="fi75901_goldleaf_financial_solut"><A NAME="toc_fi75901_1"></A></A></A>IPAY TECHNOLOGIES HOLDING COMPANY, LLC AND SUBSIDIARY</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=13 HEIGHT=17><P></P></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=13 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">CONSOLIDATED STATEMENTS OF MEMBERS' EQUITY</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=13 HEIGHT=17><P></P></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=13 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">Years Ended December&nbsp;31, 2009 and 2008</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=13 HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">Members'</B></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">Retained</B></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">Units</B></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">Earnings</B></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">Total</B></FONT></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="34%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=17>
<FONT SIZE=2><P>Balance, December 31, 2007</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">53,100,000</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(554,316)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">52,545,684</FONT></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="30%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=17>
<FONT SIZE=2><P>Distributions to members</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(2,443,342)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(2,443,342)</FONT></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="30%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=17>
<FONT SIZE=2><P>Redemption of incentive units</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(47,834)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(47,834)</FONT></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="40%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=17>
<FONT SIZE=2><P>Unit-based compensation expense</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">286,916</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">286,916</FONT></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>Net income</FONT></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">4,730,429</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">4,730,429</FONT></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="34%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=17>
<FONT SIZE=2><P>Balance, December 31, 2008</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">53,100,000</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,971,853</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">55,071,853</FONT></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="30%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=17>
<FONT SIZE=2><P>Distributions to members</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(4,793,587)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(4,793,587)</FONT></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="30%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=17>
<FONT SIZE=2><P>Redemption of incentive units</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(10,996)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(10,996)</FONT></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="40%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=17>
<FONT SIZE=2><P>Unit-based compensation expense</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">327,789</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">327,789</FONT></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>Net income</FONT></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">11,859,153</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">11,859,153</FONT></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="34%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=18>
<FONT SIZE=2><P>Balance, December 31, 2009</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=18>
<B><FONT SIZE=2><P ALIGN="RIGHT">$</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=18>
<B><FONT SIZE=2><P ALIGN="RIGHT">53,100,000</B></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=18>
<B><FONT SIZE=2><P ALIGN="RIGHT">$</B></FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=18>
<B><FONT SIZE=2><P ALIGN="RIGHT">9,354,212</B></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=18>
<B><FONT SIZE=2><P ALIGN="RIGHT">$</B></FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=18>
<B><FONT SIZE=2><P ALIGN="RIGHT">62,454,212</B></FONT></TD>
</TR>
<TR><TD WIDTH="34%" VALIGN="TOP" COLSPAN=4 HEIGHT=18><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
<TR><TD WIDTH="34%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=18><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="BOTTOM" COLSPAN=7 HEIGHT=18>
<FONT SIZE=2><P>The accompanying notes are an integral part of these statements.</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
</TR>
</TABLE>
<P></P>
<HR>
<B><FONT SIZE=2><P ALIGN="CENTER"></P></B></FONT>

<P ALIGN="CENTER">
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="90%">
<TR><TD VALIGN="BOTTOM" COLSPAN=10 HEIGHT=19>
<B><FONT SIZE=2><P ALIGN="CENTER"><A NAME="gmnh1page_fk75901_1_6"><A NAME="fk75901_goldleaf_financial_solut"><A NAME="toc_fk75901_1"></A></A></A>iPAY TECHNOLOGIES HOLDING COMPANY, LLC AND SUBSIDIARY</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=10 HEIGHT=19><P></P></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=10 HEIGHT=19>
<B><FONT SIZE=2><P ALIGN="CENTER">CONSOLIDATED STATEMENTS OF CASH FLOWS</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=10 HEIGHT=19><P></P></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=10 HEIGHT=19>
<B><FONT SIZE=2><P ALIGN="CENTER">Years ended December&nbsp;31, 2009 and 2008</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=10 HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P><A NAME="RANGE_A1_J44"></A></FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P ALIGN="CENTER">2009</B></FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P ALIGN="CENTER">2008</B></FONT></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=19>
<FONT SIZE=2><P>CASH FLOWS FROM OPERATING ACTIVITIES</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>  Net income</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">11,859,153</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">4,730,429</FONT></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=19>
<FONT SIZE=2><P>  Adjustments to reconcile net income to net</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=19>
<FONT SIZE=2><P>   cash provided by operating activities</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="31%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>  Depreciation and amortization</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">4,297,544</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">4,000,992</FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=19>
<FONT SIZE=2><P>  Unit-based compensation expense</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">327,789</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">286,916</FONT></TD>
</TR>
<TR><TD WIDTH="31%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>  Loss on disposal of assets</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">28,572</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">27,155</FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=19>
<FONT SIZE=2><P>  Changes in operating assets and liabilities:</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="31%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>     Accounts receivable</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(37,119)</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(23,247)</FONT></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=19>
<FONT SIZE=2><P>     Prepaid expenses and other current assets</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(299,533)</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(107,190)</FONT></TD>
</TR>
<TR><TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>     Deferred costs</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(934,416)</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(555,383)</FONT></TD>
</TR>
<TR><TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>     Unbilled revenue</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(1,360,005)</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(55,344)</FONT></TD>
</TR>
<TR><TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>     Other assets</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">1,000</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(69,922)</FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=19>
<FONT SIZE=2><P>     Accounts payable and accrued expenses</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">314,064</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">407,818</FONT></TD>
</TR>
<TR><TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>     Deferred revenue</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">120,203</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">1,493,310</FONT></TD>
</TR>
<TR><TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>     Other liabilities</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">184,320</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
</TR>
<TR><TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=19>
<FONT SIZE=2><P>Net cash provided by operating activities</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">14,501,572</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">10,135,534</FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=19>
<FONT SIZE=2><P>CASH FLOWS FROM INVESTING ACTIVITIES</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=19>
<FONT SIZE=2><P>  Purchase of property and equipment</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(108,599)</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(315,936)</FONT></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=19>
<FONT SIZE=2><P>  Capitalization of internally developed software</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(1,577,065)</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(1,194,678)</FONT></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=19>
<FONT SIZE=2><P>Net cash used in investing activities</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(1,685,664)</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(1,510,614)</FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=19>
<FONT SIZE=2><P>CASH FLOWS FROM FINANCING ACTIVITIES</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="31%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>  Payments on long term debt</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(4,575,033)</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(3,899,868)</FONT></TD>
</TR>
<TR><TD WIDTH="31%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>  Payment of loan costs</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(20,000)</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(20,000)</FONT></TD>
</TR>
<TR><TD WIDTH="31%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>  Redemption of incentive units</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(10,996)</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(47,834)</FONT></TD>
</TR>
<TR><TD WIDTH="31%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<FONT SIZE=2><P>  Distributions to members</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(4,332,434)</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(2,203,431)</FONT></TD>
</TR>
<TR><TD WIDTH="31%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=19>
<FONT SIZE=2><P>Net cash used in financing activities</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(8,938,463)</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(6,171,133)</FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=20>
<FONT SIZE=2><P>NET INCREASE IN CASH AND CASH EQUIVALENTS</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT">3,877,445</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT">2,453,787</FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=19>
<FONT SIZE=2><P>CASH AND CASH EQUIVALENTS, Beginning of Year</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">4,763,360</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">2,309,573</FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=20>
<FONT SIZE=2><P>CASH AND CASH EQUIVALENTS, End of Year</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">8,640,805</B></FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">4,763,360</B></FONT></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="TOP" COLSPAN=5 HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=19>
<FONT SIZE=2><P>SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=20>
<FONT SIZE=2><P>Cash paid for interest</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">711,992</B></FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">1,349,136</B></FONT></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="TOP" COLSPAN=5 HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="31%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=20>
<FONT SIZE=2><P>Cash paid for income taxes</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">64,008</B></FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">37,678</B></FONT></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="TOP" COLSPAN=5 HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=20>
<FONT SIZE=2><P>Distributions payable to members</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">1,231,436</B></FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$</B></FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">770,283</B></FONT></TD>
</TR>
<TR><TD WIDTH="52%" VALIGN="TOP" COLSPAN=5 HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></B></FONT></TD>
</TR>
<TR><TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="41%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=20><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=20>
<FONT SIZE=2><P>The accompanying notes are an integral part of these statements.</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
</TR>
</TABLE>
</P>
<HR>
<FONT SIZE=2><P></P>

<B><P ALIGN="JUSTIFY"><A NAME="gmnh1page_fk75901_1_7"></A></P>
<P ALIGN="JUSTIFY">NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</P>
</B>
<DIR>
<P ALIGN="JUSTIFY">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Nature of Operations</U> </P>
<P ALIGN="JUSTIFY">iPay Technologies Holding Company, LLC (the &quot;Company&quot;) is a limited liability company that provides a high quality internet and telephone bill payment service at a cost effective price to financial institutions nationwide.</P>
<P ALIGN="JUSTIFY">On December 6, 2006 a consortium of private equity investment funds associated with SEI V iPay AIV, L.P., Spectrum V Investment Managers' Fund, L.P., and BV Investors I, Inc. acquired iPay Technologies, LLC (the &quot;Predecessor&quot;) (the &quot;Transaction&quot;).  The Transaction was accomplished through the creation of iPay Technologies Holding Company, LLC.  </P>
<P ALIGN="JUSTIFY">Pursuant to the terms of the Company's operating agreement, no member shall be liable for any debt, obligation or liability of the Company.  Additionally, no member shall be required to loan any funds to the Company or to pay any contributions, assessments, or payments to the Company.</P>
<P ALIGN="JUSTIFY">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Principles of Consolidation</U> </P>
<P ALIGN="JUSTIFY">The consolidated financial statements include the accounts of iPay Technologies Holding Company, LLC and its wholly owned subsidiary.  All significant intercompany accounts and transactions have been eliminated.</P>
<P ALIGN="JUSTIFY">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Cash and Cash Equivalents</U> </P>
<P ALIGN="JUSTIFY">The Company considers investments purchased with a maturity of three months or less to be cash equivalents.  The Company maintains cash and cash equivalents, which, at times, exceed federally insured limits.</P>
<P ALIGN="JUSTIFY">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Accounts Receivable</U> </P>
<P ALIGN="JUSTIFY">Accounts receivable consists of implementation fees for new customers, monthly maintenance fees and monthly transaction and user fees.  Accounts receivable for these fees are collected by electronic withdrawal from the accounts of the financial institution customers.  The Company has not experienced any bad debts to date and has not recorded an allowance for doubtful accounts.    </P>
<P ALIGN="JUSTIFY">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Revenue Recognition</U> </P>
<P ALIGN="JUSTIFY">The Company recognizes revenues from service fees when all of the following criteria are met: a) persuasive evidence of an arrangement exists; b) delivery has occurred or services have been rendered; c) the seller's price to the buyer is fixed or determinable; and d) collectability is reasonably assured.</P>
<P ALIGN="JUSTIFY">The Company recognizes monthly maintenance fees and monthly transaction and user fees as revenue when services are performed.  For contracts with escalating monthly payments, the Company generally recognizes revenue ratably over the term of the contract, which results in the recording of unbilled revenue.  The Company defers annual maintenance fees and compliance fees and recognizes these fees as revenue ratably throughout the year.  Implementation fees for new customers are not considered separate deliverables.  Accordingly, the new user implementation fees are deferred and recognized as revenues on a straight-line basis over the period from the date that the new user implementation work concludes through the end of the contract.</P>
<P ALIGN="JUSTIFY">In addition, the direct costs associated with providing implementation services have been capitalized and are amortized over the same period as the deferred implementation fees.  These costs are recorded in deferred implementation costs on the consolidated balance sheets.</P>
<P ALIGN="JUSTIFY">The Company collects funds from end-users and aggregates them in clearing accounts, which are not included in the consolidated balance sheets, as the Company does not have ownership of these funds.  For certain transactions, funds may remain in the clearing accounts until a payment check is deposited or other payment transmission is accepted by the receiving merchant.  In 2008, the Company earned interest on these funds for the period they remained in the clearing accounts.  The interest totaled $1,093,870 for the year ended December 31, 2008, and is recorded as revenue on the consolidated statements of operations.</P>
<P ALIGN="JUSTIFY">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Property and Equipment</U> </P>
<P ALIGN="JUSTIFY">Property and equipment are stated at cost less accumulated depreciation.  Depreciation expense is calculated on the straight-line method over the estimated useful lives of the assets.</P>

</FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="60%">
<TR><TD WIDTH="62%" VALIGN="TOP">
<B><FONT SIZE=2><P>Asset Classification</B></FONT></TD>
<TD WIDTH="38%" VALIGN="TOP" COLSPAN=3>
<B><FONT SIZE=2><P>Estimated Useful Life</B></FONT></TD>
</TR>
<TR><TD WIDTH="62%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="38%" VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
</TR>
<TR><TD WIDTH="62%" VALIGN="TOP">
<FONT SIZE=2><P>Building</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="19%" VALIGN="TOP">
<FONT SIZE=2><P>40 years</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="62%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="19%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="62%" VALIGN="TOP">
<FONT SIZE=2><P>Computer hardware and software</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="19%" VALIGN="TOP">
<FONT SIZE=2><P>3-4 years</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="62%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="19%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="62%" VALIGN="TOP">
<FONT SIZE=2><P>Office furniture and equipment</FONT></TD>
<TD WIDTH="9%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="19%" VALIGN="TOP">
<FONT SIZE=2><P>5-7 years</FONT></TD>
<TD WIDTH="10%" VALIGN="TOP">&nbsp;</TD>
</TR>
</TABLE>

<FONT SIZE=2><P ALIGN="JUSTIFY">The Company capitalizes the cost of computer software developed or obtained for internal use.  Capitalized computer software costs consist primarily of payroll and consulting costs incurred during the development stage.  The Company expenses costs related to preliminary project assessments, research and development, training and application maintenance as they are incurred.  Upgrades and enhancements to the software once developed are capitalized when the modifications result in additional functionality of the software.  Capitalized software costs are being amortized on the straight-line method over a period of three years upon being placed in service.</P><DIR>
</DIR>
<P ALIGN="JUSTIFY">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Impairment of Long-Lived Assets</U> </P>
<P ALIGN="JUSTIFY">The Company reviews for the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.  An impairment loss would be recognized when estimated future cash flows expected to result from the use of the asset and its disposition are less than its carrying amount.</P>
<P ALIGN="JUSTIFY">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Loan Fees</P>
</U><P ALIGN="JUSTIFY">Loan fees are being amortized over the term of the loan.  Loan fees net accumulated amortization were $198,399 and $292,347 as of December 31, 2009 and 2008, respectively, and are recorded as other assets on the consolidated balance sheets.</P>
<P ALIGN="JUSTIFY">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Intangible Assets</P>
</U><P ALIGN="JUSTIFY">Customer relationships represent customer contracts and relationships obtained as part of the Transaction and are being amortized on a straight-line basis over their estimated useful life, which is a period of ten years.</P>
<P ALIGN="JUSTIFY">Developed technology represents the value of information technology internally developed by the Predecessor and acquired as part of the Transaction, and is being amortized on a straight-line basis over an estimated useful life of ten years.</P>
<P ALIGN="JUSTIFY">The trade name intangible asset represents the fair value of the iPay Technologies trade name obtained as part of the Transaction and is being amortized on a straight-line basis over its estimated useful life of five years.</P>
<P ALIGN="JUSTIFY">10.&nbsp;&nbsp;&nbsp;&nbsp;<U>Goodwill</U> </P>
<P ALIGN="JUSTIFY">Goodwill represents the excess of cost over the fair value of net assets acquired.  When circumstances change, or at least annually, management compares the carrying value of the Company (a single reporting unit) to its estimated fair value.  If the carrying value is greater than the respective estimated fair value, management then determines if the goodwill is impaired and whether some or all of the goodwill should be written off as a current period expense.  The estimate of fair value requires various assumptions including the use of projections of future cash flows and discount rates that reflect the risks associated with achieving the future cash flows.</P>
<P>11.&nbsp;&nbsp;&nbsp;&nbsp;<U>Unit-based Compensation</P>
</U><P ALIGN="JUSTIFY">The Company measures and recognizes compensation cost at fair value for all share-based payments, including incentive units.</P>
<P ALIGN="JUSTIFY">The Company applies the Black-Scholes valuation model in determining the fair value of incentive units, which are amortized on the straight-line basis over the requisite service period as a component of personnel operating expenses in the consolidated statements of operations.</P>
<P ALIGN="JUSTIFY">12.&nbsp;&nbsp;&nbsp;&nbsp;<U>Income Taxes</U> </P>
<P ALIGN="JUSTIFY">The Company is taxed as a partnership for U.S. income tax purposes.  Accordingly, the members will report their share of the Company's taxable income on their U.S. Federal tax returns.  A provision for state and local income taxes has been recorded on the consolidated statements of operations for the amounts of such taxes the Company is obligated to pay.  At December 31, 2009 and 2008, amounts accrued for income taxes totaled $121,797 and $33,900, respectively.</P>
<P ALIGN="JUSTIFY">The Company has evaluated the application of accounting for uncertainty in income taxes, which it adopted on January 1, 2009, and has determined the adoption does not have an impact on the Company's financial statements.  If a future liability does arise related to uncertainty in income taxes, the Company has elected an accounting policy to classify interest and penalties, if any, as interest expense.  Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of the loss can be reasonably estimated.  The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position.  The amount that is ultimately sustained for an individual uncertain tax position or for all uncertain tax positions in the aggregate could differ from the amount recognized.</P>
<P ALIGN="JUSTIFY">13.&nbsp;&nbsp;&nbsp;&nbsp;<U>Advertising</U> </P>
<P ALIGN="JUSTIFY">Advertising costs are expensed as incurred.  Advertising expense for the years ended December 31, 2009 and 2008 was $417,289 and $89,907, respectively.</P>
<P ALIGN="JUSTIFY">14.&nbsp;&nbsp;&nbsp;&nbsp;<U>Fair Value of Financial Instruments</U> </P>
<P ALIGN="JUSTIFY">The carrying amounts for current assets and liabilities approximate their fair value due to their short maturity.  The carrying amounts of long-term debt approximate their fair values based upon current rates available for similar types of instruments.</P>
<P ALIGN="JUSTIFY">15.&nbsp;&nbsp;&nbsp;&nbsp;<U>Use of Estimates</U> </P>
<P ALIGN="JUSTIFY">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.</P>
<P ALIGN="JUSTIFY">16.&nbsp;&nbsp;&nbsp;&nbsp;<U>Reclassifications</P>
</U><P ALIGN="JUSTIFY">Certain 2008 amounts have been reclassified to conform to 2009 presentation.</P>
<P ALIGN="JUSTIFY">17.&nbsp;&nbsp;&nbsp;&nbsp;<U>Subsequent Events</P>
</U><P ALIGN="JUSTIFY">For the year ended December 31, 2009, the Company has evaluated subsequent events for potential recognition and disclosure through February 19, 2010.</P>
<P ALIGN="JUSTIFY">&nbsp;</P></DIR>

<B><P ALIGN="JUSTIFY">NOTE B - PROPERTY AND EQUIPMENT</P><DIR>

</B><P ALIGN="JUSTIFY">Property and equipment consists of the following:</P>
</FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="70%">
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P ALIGN="RIGHT">2009</B></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P ALIGN="RIGHT">2008</B></FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Land</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;1,264,492</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;1,264,492</FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Building</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">3,074,218</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">3,088,218</FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Computer hardware</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">1,218,442</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">1,179,826</FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Computer software</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">4,412,623</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">3,266,001</FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Office furniture and equipment</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">1,946,300</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">1,941,523</FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">11,916,075</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">10,740,060</FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Less accumulated depreciation and amortization</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(3,999,908)</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(2,747,389)</FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;7,916,167</B></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;7,992,671</B></FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="18%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
</TABLE>

<FONT SIZE=2><P>Depreciation and amortization expense for the years ended December 31, 2009 and 2008 was $1,733,596 and $1,437,044, respectively.</P>
<P>&nbsp;</P></DIR>

</FONT><B><FONT FACE="Calibri" SIZE=2><FONT FACE="Calibri" SIZE=2><P>NOTE C - INTANGIBLE ASSETS</P>
<DIR>
</B></FONT></FONT><FONT SIZE=2><P ALIGN="JUSTIFY">Intangible assets consist of the following:</P>
</FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="70%">
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P ALIGN="RIGHT">2009</B></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P ALIGN="RIGHT">2008</B></FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Customer relationships</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$ 18,400,000</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$ 18,400,000</FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Developed technology</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">4,100,000</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">4,100,000</FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Trade name</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">1,000,000</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">1,000,000</FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">23,500,000</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">23,500,000</FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Less accumulated amortization</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(7,554,167)</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(5,104,167)</FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$ 15,945,833</B></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$ 18,395,833</B></FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="18%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
</TABLE>
<FONT SIZE=2><P ALIGN="JUSTIFY">&nbsp;</P>
<P ALIGN="JUSTIFY">Amortization expense for each of the years ended December 31, 2009 and 2008 was $2,450,000.  Estimated amortization for the years 2010 to 2014 is as follows:</P>
</FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="60%">
<TR><TD WIDTH="79%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P>Year Ending December 31</B></FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="79%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>2010</FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;2,450,000</FONT></TD>
</TR>
<TR><TD WIDTH="79%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>2011</FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">2,433,333</FONT></TD>
</TR>
<TR><TD WIDTH="79%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>2012</FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">2,250,000</FONT></TD>
</TR>
<TR><TD WIDTH="79%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>2013</FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">2,250,000</FONT></TD>
</TR>
<TR><TD WIDTH="79%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>2014</FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">2,250,000</FONT></TD>
</TR>
</TABLE>

<FONT SIZE=2><P ALIGN="JUSTIFY">At December 31, 2009, the remaining amortization period of customer relationships, developed technology and trade name is approximately 7 years, 7 years, and 2 years, respectively.</P>
<P ALIGN="JUSTIFY">&nbsp;</P></DIR>

<B><P ALIGN="JUSTIFY">NOTE D - LINE OF CREDIT</P><DIR>

</B><P ALIGN="JUSTIFY">The Company has a line of credit which provides for borrowings up to the lesser of $2,000,000 or the last calendar year's EBITDA times the maximum Total Leverage Ratio less the outstanding principal balance on term loans.  Borrowings under this line of credit bear interest at adjustable rates and are collateralized by the Company's assets.  The line of credit expires on December 1, 2011.  No amounts were outstanding under the line of credit at December 31, 2009 and 2008.</P>
<P ALIGN="JUSTIFY">&nbsp;</P></DIR>

<B><P ALIGN="JUSTIFY">NOTE E - LONG-TERM DEBT</P><DIR>

</B><P>Long-term debt consists of the following:</P>
</FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="90%">
<TR><TD WIDTH="56%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P ALIGN="RIGHT">2009</B></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P ALIGN="RIGHT">2008</B></FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="66%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>Note payable to CIT Lending Services Corporation in quarterly<BR>
 installments of principal and interest including interest at <BR>
adjustable rates (3.85% and 4.57% at December 31, 2009 and <BR>
2008, respectively) through December 2011, collateralized by <BR>
substantially all of the Company's assets.</FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$13,725,100</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$18,300,133</FONT></TD>
</TR>
<TR><TD WIDTH="66%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="66%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19>
<FONT SIZE=2><P>Less current maturities</FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(4,575,033)</FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(4,575,033)</FONT></TD>
</TR>
<TR><TD WIDTH="66%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=19><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="66%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=20><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$ 9,150,067</B></FONT></TD>
<TD WIDTH="18%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$13,725,100</B></FONT></TD>
</TR>
<TR><TD WIDTH="66%" VALIGN="TOP" COLSPAN=2 HEIGHT=20><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="18%" VALIGN="TOP" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></B></FONT></TD>
</TR>
</TABLE>

<FONT SIZE=2><P>&nbsp;</P>

<P ALIGN="JUSTIFY">The loan agreement, covering the note payable and the line of credit, as discussed in Note D, with CIT Lending Services Corporation contain various covenants pertaining to maintenance of certain levels of interest coverage, total leverage and fixed charge coverage ratios.  As of December 31, 2009, the Company was in compliance with these covenants.</P>
<P ALIGN="JUSTIFY">CIT Lending Services Corporation owns member units of the Company and thus qualifies as a related party.</P>
<P ALIGN="JUSTIFY">Future principal maturities of long-term debt are as follows:</P>
</FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="60%">
<TR><TD WIDTH="79%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P>Year Ending December 31</B></FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="79%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>2010</FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;4,575,033</FONT></TD>
</TR>
<TR><TD WIDTH="79%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>2011</FONT></TD>
<TD WIDTH="21%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">9,150,067</FONT></TD>
</TR>
</TABLE>
</DIR>
<B><FONT SIZE=2><P ALIGN="JUSTIFY">&nbsp;</P>

<P ALIGN="JUSTIFY">NOTE F - MEMBERS' EQUITY</P>
</B>
<DIR>
<P ALIGN="JUSTIFY">The Company is authorized to issue a single class of units.  Profits and losses are allocated between the members based on their respective ownership interests.  Qualified members have the right of first refusal to purchase any additional units issued by the Company.</P>
<P ALIGN="JUSTIFY">&nbsp;</P></DIR>
<B><P ALIGN="JUSTIFY">NOTE G - LEASES</P>
</B><DIR>
<P ALIGN="JUSTIFY">The Company has several agreements to lease office equipment.  These leases are classified as operating leases with terms expiring at various dates through 2010. </P>
<P ALIGN="JUSTIFY">The Company has various operating lease agreements to lease office space with terms expiring in 2013. </P>
<P ALIGN="JUSTIFY">Approximate future minimum annual lease payments are as follows at year end:</P>
</FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="60%">
<TR><TD WIDTH="80%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>2010</FONT></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34,127</FONT></TD>
</TR>
<TR><TD WIDTH="80%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>2011</FONT></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">20,400</FONT></TD>
</TR>
<TR><TD WIDTH="80%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>2012</FONT></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">20,400</FONT></TD>
</TR>
<TR><TD WIDTH="80%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>2013</FONT></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">20,400</FONT></TD>
</TR>
</TABLE>

<FONT SIZE=2><P ALIGN="JUSTIFY">Rent expense for the years ended December 31, 2009 and 2008 was $63,095 and $68,168, respectively.</P>
<P ALIGN="JUSTIFY">&nbsp;</P></DIR>

<B><P ALIGN="JUSTIFY">NOTE H - RETIREMENT PLAN</P><DIR>

</B><P ALIGN="JUSTIFY">The Company has a defined contribution retirement plan which is available to eligible employees.  The Company makes a matching contribution equal to 100% of each participant's contribution through salary deferral elections that do not exceed 3% of compensation, plus 50% of contributions through salary deferral elections between 3% and 5% of compensation. The expense for this plan was $306,921 and $343,674 for the years ended December 31, 2009 and 2008, respectively.</P>
<P ALIGN="JUSTIFY">&nbsp;</P></DIR>

<B><P ALIGN="JUSTIFY">NOTE I - INCENTIVE UNITS</P><DIR>

</B><P ALIGN="JUSTIFY">The Company has an equity award plan which provides for the issuance of 7,281,209 Incentive Units to key executives.  The Incentive Units are units of partnership profits interest, as defined in the Equity Award Agreement (&quot;EA Agreement&quot;) and the Amended and Restated Limited Liability Company Agreement (&quot;LLC Agreement&quot;).</P>
<P ALIGN="JUSTIFY">The key terms of the Incentive Units, as defined in both agreements, are as follows:</P></DIR>


<UL>

<UL>
<P ALIGN="JUSTIFY"><LI>the Incentive Units are a profits interest in the Company</LI></P>
<P ALIGN="JUSTIFY"><LI>the Incentive Unit holders have the right to future distributions made to all unit holders over and above the Distribution Threshold, as defined, from the sale of the Company or otherwise.  The Distribution Threshold is set by Management at each grant date.</LI></P>
<P ALIGN="JUSTIFY"><LI>vesting is generally 25 percent after first year (or first stated period) and 6.25 percent per quarter thereafter up to the fourth anniversary of the grant</LI></P>
<P ALIGN="JUSTIFY"><LI>the Incentive Units do not have a stated contractual term</LI></P>
<P ALIGN="JUSTIFY"><LI>the Company has a repurchase option exercisable within 180 days of the end of the participant's employment</LI></P></UL>
</UL>
<DIR>

<P ALIGN="JUSTIFY">The expected forfeiture rate is 17% based on Management's past experience and expectations of future turnover.  A summary of the status of the Company's nonvested units as of December 31, 2009 and 2008 and changes during the years then ended, is presented below.</P>
</FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="70%">
<TR><TD WIDTH="45%" VALIGN="BOTTOM" HEIGHT=67><P></P></TD>
<TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=67><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=67>
<B><FONT SIZE=2><P ALIGN="CENTER"><BR>
<BR>
Number of <BR>
units</B></FONT></TD>
<TD WIDTH="8%" VALIGN="BOTTOM" HEIGHT=67><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=67>
<B><FONT SIZE=2><P ALIGN="CENTER">Weighted-<BR>
Average Grant <BR>
Date Fair <BR>
Value</B></FONT></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="8%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Nonvested as of December 31, 2007</FONT></TD>
<TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">3,729,393 </FONT></TD>
<TD WIDTH="8%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.19</FONT></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Granted</FONT></TD>
<TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">3,942,698 </FONT></TD>
<TD WIDTH="8%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">0.43</FONT></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Vested</FONT></TD>
<TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(1,398,522)</FONT></TD>
<TD WIDTH="8%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">0.19</FONT></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Forfeited</FONT></TD>
<TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(496,578)</FONT></TD>
<TD WIDTH="8%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">0.19</FONT></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="8%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Nonvested as of December 31, 2008</FONT></TD>
<TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">5,776,991 </FONT></TD>
<TD WIDTH="8%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">0.35</FONT></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Granted</FONT></TD>
<TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">1,972,933 </FONT></TD>
<TD WIDTH="8%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">0.49</FONT></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Vested</FONT></TD>
<TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(1,542,355)</FONT></TD>
<TD WIDTH="8%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">0.29</FONT></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Forfeited</FONT></TD>
<TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(3,333,826)</FONT></TD>
<TD WIDTH="8%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">0.46</FONT></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="8%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P>Nonvested as of December 31, 2009</B></FONT></TD>
<TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">2,873,743 </B></FONT></TD>
<TD WIDTH="8%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="BOTTOM" HEIGHT=20>
<B><FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.36</B></FONT></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="7%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="8%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
</TABLE>

<FONT SIZE=2><P ALIGN="JUSTIFY">The fair value of the options was estimated on the date of grant based on the Black-Scholes option pricing model assuming, among other things, the following: </P>
</FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="50%">
<TR><TD WIDTH="39%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="61%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=19>
<B><FONT SIZE=2><P ALIGN="RIGHT">Fiscal year ended December 31,&nbsp;&nbsp;&nbsp;</B></FONT></TD>
</TR>
<TR><TD WIDTH="39%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="29%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P ALIGN="RIGHT">2009</B></FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="29%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P ALIGN="RIGHT">2008</B></FONT></TD>
</TR>
<TR><TD WIDTH="39%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Market price</FONT></TD>
<TD WIDTH="29%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$1.80 - $2.12</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="29%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$0.96 - $1.22</FONT></TD>
</TR>
<TR><TD WIDTH="39%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Exercise price</FONT></TD>
<TD WIDTH="29%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$1.80 - $2.12</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="29%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$0.96 </FONT></TD>
</TR>
<TR><TD WIDTH="39%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Risk-free interest rate</FONT></TD>
<TD WIDTH="29%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">2.15% - 2.20%</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="29%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">2.74% - 3.42%</FONT></TD>
</TR>
<TR><TD WIDTH="39%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Expected volatility</FONT></TD>
<TD WIDTH="29%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">29.0% - 31.0%</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="29%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">29.0% - 31.0%</FONT></TD>
</TR>
<TR><TD WIDTH="39%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Dividend yield</FONT></TD>
<TD WIDTH="29%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">0%</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="29%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">0%</FONT></TD>
</TR>
<TR><TD WIDTH="39%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>Expected lives</FONT></TD>
<TD WIDTH="29%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">4 years</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="29%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">4 years</FONT></TD>
</TR>
</TABLE>
<FONT SIZE=2><P ALIGN="JUSTIFY">The expected life represents the period of time the option for the Incentive Units are expected to be outstanding.  The risk-free rate is based on the spot rates for U.S. Treasury strips with maturities similar to the Incentive Units.  The expected volatility was determined using historical and implied volatility for a group of comparable public companies.   The dividend yield was determined to be 0%, as the Company has not paid a dividend since the Transaction and currently does not intend to pay dividends to unit holders.</P>
<P ALIGN="JUSTIFY">As of December 31, 2009, there were 2,607,461 vested Incentive Units with a total fair value of $645,084.  For the years ended December 31, 2009 and 2008, the Company recognized $327,789 and $286,916, respectively, in compensation expense related to the units granted.  The Company expects to recognize an additional $832,349 in compensation expense over 2.6 years, the remaining weighted average vesting period of the units<A NAME="gmnh1page_fm75901_1_8"><A NAME="fm75901_goldleaf_financial_solut"><A NAME="toc_fm75901_1"></A></A></A>.</P>
</DIR>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>exh99-3.htm
<DESCRIPTION>UNAUDITED FINANCIAL STATEMENTS OF IPAY TECHNOLOGIES
<TEXT>
<HTML>
<HEAD>
<TITLE>JKHY Unaudited Financial Statements iPay Technologies Exh 99.3</TITLE>
</HEAD>
<BODY>
<HR>

<FONT SIZE=2>
<P>&nbsp;</P>
<B><P ALIGN="RIGHT">Exhibit 99.3</P>
</B></FONT>
<P ALIGN="CENTER">
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="70%">
<TR><TD VALIGN="TOP" COLSPAN=6 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">iPay Technologies Holding Company, LLC and Subsidiary</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=6 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">Consolidated Balance Sheets</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=6 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">March 31, 2010 and 2009</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=6 HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<B><FONT SIZE=2><P>ASSETS</B></FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<B><U><FONT SIZE=2><P ALIGN="CENTER">3/31/2010</B></U></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<B><U><FONT SIZE=2><P ALIGN="CENTER">3/31/2009</B></U></FONT></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>CURRENT ASSETS</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Cash and cash equivalents</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">9,642,682</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">5,721,375</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Accounts receivable</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,059,180</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">280,632</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Unbilled revenue</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">161,022</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">63,743</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Prepaid expenses and other current assets</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,090,551</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">568,080</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Deferred costs</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,927,828</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,581,817</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Total current assets</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">13,881,263</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">8,215,647</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>PROPERTY AND EQUIPMENT, NET</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">7,964,651</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">7,888,535</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Goodwill</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">48,923,131</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">48,923,131</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>

<FONT SIZE=2><P>Intangible assets</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">15,333,333</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">17,783,333</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Deferred costs, less current portion</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,599,427</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,114,475</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Unbilled revenue, less current portion</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,368,719</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">61,444</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Other assets</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">195,769</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">270,660</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Total assets</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">89,266,293</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">84,257,225</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="57%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<B><FONT SIZE=2><P>LIABILITIES AND MEMBERS' EQUITY</B></FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>CURRENT LIABILITIES</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Accounts payable and accrued expenses</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">5,679,507</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">2,803,523</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Deferred revenue</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">6,280,708</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">6,246,144</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Current maturities of long-term debt</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">5,718,791</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">4,575,033</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Total current liabilities</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">17,679,006</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">13,624,700</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Deferred revenue, less current portion</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,133,733</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,440,140</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Long-term debt, less current maturities</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">6,862,550</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">12,581,341</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Other liabilities</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">203,235</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">0</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Total liabilties</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">25,878,524</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">27,646,181</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="61%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>MEMBERS' EQUITY</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Members' units - 64,859,011 units authorized;</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">53,100,000</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">53,100,000</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;58,483,248 units issued and outstanding</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Retained earnings</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">10,287,769</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">3,511,044</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Total members' equity</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">63,387,769</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">56,611,044</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="57%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Total liabilities and members' equity</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">89,266,293</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">84,257,225</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="57%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
</TABLE>
</P>
<B><FONT SIZE=2><P ALIGN="CENTER"></P>
</B><HR>
<B><P ALIGN="CENTER"></P></B></FONT>
<P ALIGN="CENTER">
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="80%">
<TR><TD VALIGN="TOP" COLSPAN=6 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">iPay Technologies Holding Company, LLC and Subsidiary</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=6 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">Consolidated Statements of Operations</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=6 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">For Three Months ended March 31, 2010 and 2009</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=6 HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<B><U><FONT SIZE=2><P ALIGN="CENTER">3/31/2010</B></U></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<B><U><FONT SIZE=2><P ALIGN="CENTER">3/31/2009</B></U></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>REVENUES</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">12,461,944</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">9,916,709</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>OPERATING EXPENSES</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Personnel</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">3,134,352</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">3,134,967</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Selling and marketing expenses</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,883,228</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,429,426</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Occupancy and equipment</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">78,392</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">64,287</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Telecommunications</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">77,376</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">57,798</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Technology</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">87,490</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">75,990</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Professional</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">177,012</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">153,223</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Processing</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,409,108</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,157,044</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Other operating expenses</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">817,348</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">292,170</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Depreciation and amortization</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,082,135</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">986,097</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Total operating expenses</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">8,746,441</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">7,351,002</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>

<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>OPERATING INCOME</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">3,715,503</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">2,565,707</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>OTHER INCOME (EXPENSE)</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Interest Expense</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(139,834)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(242,278)</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Interest Income</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">8,794</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">5,162</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Total other expense, net</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(131,040)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(237,116)</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>INCOME BEFORE TAXES</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">3,584,463</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">2,328,591</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>Income tax expense</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">195,683</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">28,600</FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="52%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" COLSPAN=2 HEIGHT=18>
<FONT SIZE=2><P>NET INCOME</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">3,388,780</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">2,299,991</FONT></TD>
</TR>
<TR><TD WIDTH="56%" VALIGN="TOP" COLSPAN=2 HEIGHT=18><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="19%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="17%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
</TABLE>
</P>
<FONT SIZE=2><P ALIGN="CENTER"></P></FONT>
<HR>
<P ALIGN="CENTER">
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="90%">
<TR><TD VALIGN="TOP" COLSPAN=6 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">IPay Technologies Holding Company, LLC and Subsidiary</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=6 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">Consolidated Statements of Cash Flows</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=6 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">For Three Months ended March 31, 2010 and 2009</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=6 HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<B><U><FONT SIZE=2><P ALIGN="CENTER">3/31/2010</B></U></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<B><U><FONT SIZE=2><P ALIGN="CENTER">3/31/2009</B></U></FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>CASH FLOWS FROM OPERATING ACTIVITIES</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Net income</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">3,388,780</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">2,299,991</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Adjustments to reconcile net income to</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;net cash provided by operating activities:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Depreciation and amortization</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,110,622</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,014,583</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Unit-based compensation expense</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">86,263</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">133,386</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Loss on disposal of assets</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">439</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">406</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Changes in operating assets and liabilities:</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Accounts receivable</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(791,668)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(5,691)</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(533,729)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(322,770)</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Deferred costs</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(20,511)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(67,254)</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Other assets</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">24,673</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">682,327</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(75,400)</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Deferred revenue</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(267,869)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">127,405</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Other liabilities</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">22,144</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by operating activities</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">3,701,471</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">3,104,656</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>CASH FLOWS FROM INVESTING ACTIVITIES</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Purchase of property and equipment</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(518,559)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(269,867)</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in investing activities</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(518,559)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(269,867)</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>CASH FLOWS FROM FINANCING ACTIVITIES</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Payments on long term debt</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(1,143,758)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(1,143,758)</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Distributions to members</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(1,037,277)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(733,016)</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in financing activities</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(2,181,035)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(1,876,774)</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>NET INCREASE IN CASH AND CASH EQUIVALENTS</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,001,877</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">958,015</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>CASH AND CASH EQUIVALENTS, Beginning of Period</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">8,640,805</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">4,763,360</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="64%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" COLSPAN=2 HEIGHT=18>
<FONT SIZE=2><P>CASH AND CASH EQUIVALENTS, End of Period</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">9,642,682</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="14%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">5,721,375</FONT></TD>
</TR>
<TR><TD WIDTH="67%" VALIGN="TOP" COLSPAN=2 HEIGHT=18><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="14%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
</TABLE>
</P>
<FONT SIZE=2><P ALIGN="CENTER"></P></FONT>
<HR>
<P ALIGN="CENTER">
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="90%">
<TR><TD VALIGN="BOTTOM" COLSPAN=7 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">iPay Technologies Holding Company, LLC and Subsidiary</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=7 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">Consolidated Statements of Members' Equity</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=7 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">For Three Months ended March 31, 2010 and 2009</B></FONT></TD>
</TR>
<TR><TD VALIGN="BOTTOM" COLSPAN=7 HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">Members'</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">Retained</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">Units</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">Earnings</B></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">Total</B></FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Balance, December 31, 2008</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">53,100,000</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,971,853</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">55,071,853</FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Distributions to members</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(883,191)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(883,191)</FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Redemption of incentive units</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(10,996)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(10,996)</FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Unit-based compensation expense</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">133,387</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">133,387</FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Net income</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">2,299,991</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">2,299,991</FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P>Balance, March 31, 2009</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">53,100,000</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">3,511,044</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">56,611,044</FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=10><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=10><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=10><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=10><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=10><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=10><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=10><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Balance, December 31, 2009</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">53,100,000</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">8,614,515</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">61,714,515</FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Distributions to members</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(1,801,789)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(1,801,789)</FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Unit-based compensation expense</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">86,263</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">86,263</FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Net income</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">3,388,780</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">3,388,780</FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P>Balance, March 31, 2010</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">53,100,000</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">10,287,769</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="16%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">63,387,769</FONT></TD>
</TR>
<TR><TD WIDTH="41%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
</TABLE>
</P>
<FONT SIZE=2><P ALIGN="CENTER"></P>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>5
<FILENAME>exh99-4.htm
<DESCRIPTION>UNAUDITED PRO FORMA FINANCIAL STATEMENTS OF JACK HENRY
<TEXT>
<HTML>
<HEAD>
<TITLE>JKHY Pro Forma Financial Statements Exh 99.4</TITLE>
</HEAD>
<BODY>
<HR>

<FONT SIZE=2>
<P>&nbsp;</P>
<B><P ALIGN="RIGHT">Exhibit 99.4</P>
<P ALIGN="CENTER"></P></B></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="100%">
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">JACK HENRY &amp; ASSOCIATES, INC. AND SUBSIDIARIES</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">MARCH 31, 2010</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">(In thousands)</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">(Unaudited)</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">Historical</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">Historical</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">Pro Forma</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">Pro Forma</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">JKHY</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">iPay</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">Adjustments</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">Combined</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">(Note 3)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<B><FONT SIZE=2><P>ASSETS</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<B><FONT SIZE=2><P>CURRENT ASSETS:</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Cash and cash equivalents</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">35,779</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">9,643</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(18,376)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">A</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">27,046</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Investments, at amortized cost</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,000</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,000</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Receivables</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">122,457</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,220</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(75)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">B</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">123,602</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Prepaid expenses and other</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">29,142</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,091</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">30,233</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Prepaid cost of product</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">20,878</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,928</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(656)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">C</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">22,150</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Deferred income taxes</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">882</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">882</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Total current assets</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">210,138</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">13,882</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(19,107)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">204,913</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<B><FONT SIZE=2><P>PROPERTY AND EQUIPMENT, net</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">256,692</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">7,965</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">264,657</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<B><FONT SIZE=2><P>OTHER ASSETS:</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Prepaid cost of product</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">8,447</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,599</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(544)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">C</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">9,502</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Computer software, net of amortization</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">97,828</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">2,733</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">15,970</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">D</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">116,531</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Debt Acquisition Costs, net</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">170</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">7,430</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">E</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">7,600</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Other non-current assets</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">15,986</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,395</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">17,381</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Customer relationships, net of amortization</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">108,373</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">12,267</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">80,211</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">D</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">200,851</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Trade names</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">5,853</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">333</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">4,772</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">D</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">10,958</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Goodwill</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">344,921</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">48,923</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">140,553</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">F</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">534,397</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other assets</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">581,408</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">67,420</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">248,392</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">897,220</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=18>
<B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">1,048,238</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">89,267</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">229,285</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">1,366,790</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="49%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="9%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="9%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="9%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<B><FONT SIZE=2><P>LIABILITIES AND STOCKHOLDERS' EQUITY</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<B><FONT SIZE=2><P>CURRENT LIABILITIES:</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Accounts payable</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">7,663</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">479</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(75)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">B</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">8,067</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Accrued expenses</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">38,342</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">5,200</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">43,542</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Accrued income taxes</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">171</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">171</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Current Revolving Facility and current maturities of capital leases</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">73,791</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">50,000</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">E</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">123,791</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  New Current Financing</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">100,000</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">E</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">100,000</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Current portion of long term debt</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">5,719</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(5,719)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">E</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Deferred revenues</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">110,307</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">6,281</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(1,884)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">C</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">114,704</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">230,274</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">17,679</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">142,322</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">390,275</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<B><FONT SIZE=2><P>LONG TERM LIABILITIES:</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Deferred revenues</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">10,269</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">1,134</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(386)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">C</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">11,017</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Deferred income taxes</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">73,547</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">7,600</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">G</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">81,147</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Long term debt, net of current portion</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">6,863</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">143,137</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">E</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">150,000</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Other long-term liabilites, net of current maturities</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">10,560</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">203</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">10,763</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total long term liabilities</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">94,376</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">8,200</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">150,351</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">252,927</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">324,650</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">25,879</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">295,073</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">645,602</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="TOP" COLSPAN=2 HEIGHT=17>
<B><FONT SIZE=2><P>STOCKHOLDERS' EQUITY</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Preferred stock</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Common stock</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">996</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">996</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Members units</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">53,100</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(53,100)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">H</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Additional paid-in capital</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">329,911</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">329,911</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Retained earnings (accumulated deficit)</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">702,266</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">10,288</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(10,288)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">H</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">702,266</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>  Less treasury stock at cost</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(309,585)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(309,585)</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17>
<B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">723,588</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">63,388</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(63,388)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">723,588</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="49%" VALIGN="BOTTOM" HEIGHT=18>
<B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity</B></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">1,048,238</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">89,267</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">229,285</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">1,366,790</FONT></TD>
</TR>
<TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="49%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="9%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="9%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="9%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
</TABLE>

<B><FONT SIZE=2><P ALIGN="CENTER"></P>
</B><HR>
<B><P ALIGN="CENTER"></P></B></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="100%">
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">JACK HENRY &amp; ASSOCIATES, INC. AND SUBSIDIARIES</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">NINE MONTHS ENDED MARCH 31, 2010</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">(In thousands)</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">(Unaudited)</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">Historical</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">Historical</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">Pro Forma</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">Pro Forma</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">JKHY</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">IPay</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">Adjustments</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">Combined</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="CENTER">(Note 3)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=19>
<B><FONT SIZE=2><P>REVENUE</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  License</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">39,806</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">39,806</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  Support and service</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">522,159</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">34,757</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(1,384)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="CENTER">I</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">555,532</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  Hardware</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">46,776</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">46,776</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">608,741</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">34,757</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(1,384)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">642,114</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=19>
<B><FONT SIZE=2><P>COST OF SALES</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  Cost of license</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">4,015</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">4,015</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  Cost of support and service</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">320,503</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">15,593</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">2,301</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="CENTER">J</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">338,397</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  Cost of hardware</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">34,239</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">34,239</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">358,757</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">15,593</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">2,301</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">376,651</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=19>
<B><FONT SIZE=2><P>GROSS PROFIT</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">249,984</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">19,164</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(3,685)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">265,463</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=19>
<B><FONT SIZE=2><P>OPERATING EXPENSES</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  Selling and marketing</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">43,756</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">2,290</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">46,046</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  Research and development</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">36,488</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">821</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">37,309</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  General and administrative</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">36,781</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">5,665</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">42,446</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">117,025</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">8,776</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">125,801</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=19>
<B><FONT SIZE=2><P>OPERATING INCOME</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">132,959</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">10,388</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(3,685)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">139,662</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=19>

<B><FONT SIZE=2><P>INTEREST INCOME (EXPENSE)</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  Interest income</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">54</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">30</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">84</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  Interest expense</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(419)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(504)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(6,859)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="CENTER">K</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(7,782)</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(365)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(474)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(6,859)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(7,698)</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=19>
<B><FONT SIZE=2><P>INCOME FROM </B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=19>
<B><FONT SIZE=2><P>OPERATIONS BEFORE INCOME TAXES</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">132,594</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">9,914</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(10,544)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">131,964</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=19>
<B><FONT SIZE=2><P>PROVISION FOR INCOME TAXES</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">44,708</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">298</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">1,181</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="CENTER">L</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">46,187</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=20>
<B><FONT SIZE=2><P>NET INCOME</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT">87,886</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT">9,616</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT">(11,725)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT">85,777</FONT></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
</TABLE>

<B><FONT SIZE=2><P ALIGN="CENTER"></P>
</B><HR>
<B><P ALIGN="CENTER"></P></B></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="100%">
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">JACK HENRY &amp; ASSOCIATES, INC. AND SUBSIDIARIES</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=17>
<B><FONT SIZE=2><P ALIGN="CENTER">YEAR ENDED JUNE 30, 2009</B></FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">(In thousands)</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">(Unaudited)</FONT></TD>
</TR>
<TR><TD VALIGN="TOP" COLSPAN=11 HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">Historical</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">Historical</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">Pro Forma</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">Pro Forma</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">JKHY</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">IPay</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">Adjustments</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER">Combined</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="CENTER">(Note 3)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=19>
<B><FONT SIZE=2><P>REVENUE</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  License</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">58,434</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">58,434</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  Support and service</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">614,242</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">39,335</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(1,800)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="CENTER">I</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">651,777</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  Hardware</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">72,917</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">72,917</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">745,593</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">39,335</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(1,800)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">783,128</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=19>
<B><FONT SIZE=2><P>COST OF SALES</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  Cost of license</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">6,885</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">6,885</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  Cost of support and service</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">385,837</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">18,223</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">3,114</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="CENTER">J</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">407,174</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  Cost of hardware</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">53,472</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">53,472</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">446,194</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">18,223</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">3,114</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">467,531</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=19>
<B><FONT SIZE=2><P>GROSS PROFIT</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">299,399</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">21,112</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(4,914)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">315,597</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=19>
<B><FONT SIZE=2><P>OPERATING EXPENSES</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  Selling and marketing</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">54,931</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">2,618</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">57,549</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  Research and development</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">42,901</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">818</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">43,719</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  General and administrative</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">43,681</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">7,338</FONT></TD>

<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">51,019</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">141,513</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">10,774</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">152,287</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=19>
<B><FONT SIZE=2><P>OPERATING INCOME</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">157,886</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">10,338</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(4,914)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">163,310</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=19>
<B><FONT SIZE=2><P>INTEREST INCOME (EXPENSE)</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  Interest income</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">781</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">23</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">804</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P>  Interest expense</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(1,357)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(1,128)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(10,444)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="CENTER">K</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(12,929)</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19>
<B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(576)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(1,105)</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(10,444)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(12,125)</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=19>
<B><FONT SIZE=2><P>INCOME FROM </B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=19>
<B><FONT SIZE=2><P>OPERATIONS BEFORE INCOME TAXES</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">157,310</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">9,233</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(15,358)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">151,185</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=19>
<B><FONT SIZE=2><P>PROVISION FOR INCOME TAXES</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">54,208</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">98</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">(1,391)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="CENTER">L</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19>
<FONT SIZE=2><P ALIGN="RIGHT">52,915</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="42%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=19><P></P></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=2 HEIGHT=20>
<B><FONT SIZE=2><P>NET INCOME</B></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT">103,102</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT">9,135</FONT></TD>
<TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT">(13,967)</FONT></TD>
<TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
<TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT">98,270</FONT></TD>
</TR>
<TR><TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="42%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="10%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="2%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="12%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="3%" VALIGN="TOP" HEIGHT=20><P></P></TD>
<TD WIDTH="11%" VALIGN="TOP" HEIGHT=20>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
</TABLE>

<B><FONT SIZE=2><P ALIGN="CENTER"></P>
</B><HR>
<B><P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Notes to Pro Forma Condensed Consolidated Financial Statements</P>
</B><P ALIGN="CENTER">(In Thousands)</P>
<P ALIGN="CENTER">(Unaudited)</P>
<B><P>Note 1:&#9;Basis of Pro Forma Presentation</P>
</B><P ALIGN="JUSTIFY">The unaudited pro forma condensed consolidated financial statements are based on the historical financial statements of Jack Henry and iPay after giving effect to the cash to be paid by Jack Henry to consummate the iPay acquisition, as well as certain pro forma adjustments.</P>
<P ALIGN="JUSTIFY">The unaudited pro forma condensed consolidated balance sheet data assumes that the acquisition of iPay occurred on March 31, 2010.  As Jack Henry has a fiscal year ending on June 30 and iPay had a fiscal year ending on December 31, the pro forma condensed consolidated balance sheet combines the historical balances of Jack Henry as of March 31, 2010 with the historical balances of iPay as of March 31, 2010, plus pro forma adjustments.</P>
<P ALIGN="JUSTIFY">The unaudited pro forma condensed consolidated statements of operations data assumes that the acquisition of iPay occurred on July 1, 2008.  As Jack Henry has a fiscal year ending on June 30 and iPay had a fiscal year ending on December 31, the pro forma condensed consolidated financial statements include a pro forma statement of operations combining the historical results of Jack Henry for the year ended June 30, 2009 with the historical results of iPay for the twelve months ended June 30, 2009, plus pro forma adjustments  In addition, they include a pro forma statement of operations combining the historical results of Jack Henry for the nine months ended March 31, 2010 with the historical results of iPay for the same period, plus pro forma adjustments.  iPay's data has been calculated by combining its interim data for each month within the period.</P>
<P ALIGN="JUSTIFY">The unaudited pro forma condensed consolidated financial statements assume that the acquisition is accounted for in accordance with generally accepted accounting principles for business combinations and represents the current pro forma information based upon available information of the combining companies' results of operations during the periods presented.  As of the date of this document, Jack Henry has not completed the detailed valuation studies necessary to arrive at the required estimates of the fair value of the iPay assets acquired and liabilities assumed and the related allocations of the purchase price.  However, Jack Henry has made certain adjustments to the historical book values of the assets and liabilities of iPay, based on currently available information, to reflect certain preliminary estimates of fair value in preparing the unaudited pro forma condensed consolidated financial data.  The preliminary purchase price allocation assigns values to certain identifiable intangib
le assets, including customer relationships and core technology.  Actual results may differ materially from this unaudited pro forma condensed consolidated data once Jack Henry has completed the detailed valuation studies necessary to finalize the required purchase price allocation.</P>
<P ALIGN="JUSTIFY">The unaudited pro forma condensed consolidated financial statements are presented for illustrative purposes only and do not purport to be indicative of the results of operations or financial position for future periods or the results that actually would have been realized had the acquisition described above been consummated as of March 31, 2010 or July 1, 2008.</P>
<B><P ALIGN="JUSTIFY">Note 2:&#9;Preliminary Purchase Price Allocation.</P>
</B><P ALIGN="JUSTIFY">The purchase price was $301,143, paid in cash.  The purchase price was funded primarily by approximately $300,000 borrowed under a new credit agreement.</P>
</FONT><FONT FACE="Calibri" SIZE=2><FONT FACE="Calibri" SIZE=2><P ALIGN="JUSTIFY">The purchase price will be allocated to iPay tangible and intangible assets acquired and liabilities assumed, based on their estimated fair values as of the acquisition date.  The excess of the purchase price over the net tangible and identifiable intangible assets will be recorded as goodwill.  Based upon a preliminary valuation, the purchase price was allocated as follows:</P></FONT></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="40%">
<TR><TD WIDTH="48%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>Current assets</FONT></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="30%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,691</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>Non-current assets</FONT></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="30%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">6,389</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>Intangible assets</FONT></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="30%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">116,286</FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Goodwill</FONT></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="30%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">191,906</FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="5%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="30%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>Total assets acquired</FONT></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="30%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">318,272</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=17>
<FONT SIZE=2><P>Liabilities assumed</FONT></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="30%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(17,129)</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=17><P></P></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="30%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=18>
<FONT SIZE=2><P>Net assets acquired</FONT></TD>
<TD WIDTH="22%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="30%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;301,143</FONT></TD>
</TR>
<TR><TD WIDTH="48%" VALIGN="TOP" COLSPAN=2 HEIGHT=18><P></P></TD>
<TD WIDTH="22%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="30%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
</TABLE>

<FONT SIZE=2>
<P>The preliminary allocation of the purchase price is based upon management's estimates.  As noted below, these estimates and assumptions are subject to change upon final valuation.</P>
<I><P>Deferred Revenues:</I>  For the purpose of these pro forma condensed consolidated statements, the fair value of
 deferred revenue, defined as fulfillment costs plus profit margin, has been assumed to approximate 70% of its carrying value.  The pro forma condensed consolidated balance sheet and statements of operations reflect the estimated impact on deferred revenue and revenue that would occur as a result of this adjustment.</P>
<I><P>Cash and other net tangible assets/liabilities:</I>  Cash and other net tangible assets and liabilities were recorded at their respective carrying amounts for the purpose of these unaudited pro forma condensed consolidated statements.  It was assumed that these carrying values approximate their fair values.</P>
<I><P>Goodwill:</I>  Goodwill represents the excess of the purchase price over the estimated fair value of tangible and identifiable intangible net assets acquired.</P>
<I><P>Identifiable intangible assets:</I>  Identifiable intangible assets acquired include developed software. In-process research and development, customer relationships and tradenames.</P>
<P>The fair value of intangible assets is based on management's preliminary valuation.</P>
<I><P>Deferred tax balances:</I>  For the purpose of these pro forma statements, the deferred taxes arising from the acquisition have been estimated using a rate of 37%.  The final valuation of the deferred tax assets may have a material impact on the final purchase price allocation, and could result in an allocation of goodwill materially different from that indicated herein.</P>
<I><P>Pre-acquisition contingencies:</I>  Jack Henry has not identified any pre-acquisition contingencies where a liability is probable and where the amount of the liability can be reasonably estimated.  If information becomes available prior to the end of the purchase price measurement period that would indicate that it was probable that a liability existed at the acquisition date, such items will be included in the purchase price allocation to the extent that can be reasonably estimated.  These amounts identified, if any, would result in additional goodwill.</P>
<B><P>Note 3:  Reclassifications and Pro Forma Adjustments</P>
</B><P>The following adjustments have been reflected in the unaudited pro forma condensed consolidated financial statements:</P>
<OL TYPE="A">

<LI>Represents the total cash consideration paid by Jack Henry upon consummation of the acquisition of $8,733, plus the elimination of iPay's existing cash balances which were withdrawn by former ownership prior to closing.<BR>
</LI>
<P></P>
<LI>To eliminate iPay's receivable from and Jack Henry's payable to iPay as of the assumed transaction date.<BR>
</LI>
<P></P>
<LI>To record reductions in the balance of prepaid expenses and deferred revenues to reflect estimated fair value at
 the assumed transaction date.  Management estimated a fair value at 70% of carrying value.<BR>
</LI>
<P></P>
<LI>To record the preliminary valuation of identifiable intangible assets related to the acquisition of iPay.<BR>
</LI></FONT>
<P></P>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="60%">
<TR><TD WIDTH="85%" VALIGN="TOP" COLSPAN=6 HEIGHT=16><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P ALIGN="CENTER">Estimated Useful Life</FONT></TD>
</TR>
<TR><TD WIDTH="85%" VALIGN="TOP" COLSPAN=6 HEIGHT=16><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P ALIGN="CENTER"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="85%" VALIGN="TOP" COLSPAN=6 HEIGHT=16><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=16><P></P></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="TOP" COLSPAN=4 HEIGHT=16>
<FONT SIZE=2><P>Acquired technology-based intangible assets </FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;&nbsp;16,440</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P ALIGN="CENTER">6 years</FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="TOP" COLSPAN=4 HEIGHT=16>
<FONT SIZE=2><P>In-process research and development </FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P ALIGN="RIGHT">2,263</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P ALIGN="CENTER">*</FONT></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="TOP" COLSPAN=4 HEIGHT=16>
<FONT SIZE=2><P>Acquired customer-based intangible assets </FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P ALIGN="RIGHT">92,478</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P ALIGN="CENTER">20 years</FONT></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=3 HEIGHT=16>
<FONT SIZE=2><P>Acquired tradenames </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P ALIGN="RIGHT">5,105</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P ALIGN="CENTER">*</FONT></TD>
</TR>
<TR><TD WIDTH="45%" VALIGN="TOP" COLSPAN=3 HEIGHT=16><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=16><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P>Total</FONT></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P ALIGN="RIGHT">116,286</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=16><P></P></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="TOP" COLSPAN=4 HEIGHT=16>
<FONT SIZE=2><P>Elimination of iPay historical intangible assets</FONT></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P ALIGN="RIGHT">(15,333)</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=16><P></P></TD>
</TR>
<TR><TD WIDTH="65%" VALIGN="TOP" COLSPAN=4 HEIGHT=16><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=16>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=16><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=16><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;100,953</FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=17><P></P></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="20%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="16%" VALIGN="TOP" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=17><P></P></TD>
</TR>
</TABLE>
<FONT SIZE=2>
<P>* In-process research and development will not be amortized until the underlying development projects are completed.  Acquired tradenames are assumed to have an indefinite life.</P>
<P></P>
<FONT SIZE=2><LI>To record debt acquisition costs of approximately $7,600 and eliminate iPay historical debt acquisition costs of $170 and to record the acquisition of debt related to the transaction of $300,000 and the elimination of historical iPay debt of $12,582 that was liquidated at closing.<BR>
</LI>
<P></P>
<LI>To record the preliminary valuation of goodwill related to the acquisition of iPay of $189,476 and eliminate the historical iPay goodwill of $48,923.<BR>
</LI>
<P></P>
<LI>To record estimated deferred tax liabilities related to the acquisition of iPay.<BR>
</LI>
<P></P>
<LI>To eliminate iPay's historical equity balances.<BR>
</LI>
<P></P>
<LI>To eliminate the intercompany revenue included in iPay's historical revenue.<BR>
</LI>
<P></P>
<LI>To record the estimated amortization expense related to the identifiable intangible assets recognized upon the acquisition of iPay, to eliminate intercompany costs and historical amortization.<BR>
</LI></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=0 WIDTH="60%">
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=70><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=70>
<FONT SIZE=2><P ALIGN="CENTER"><BR>
Year <BR>
Ended <BR>
6/30/09</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=70><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=70>
<FONT SIZE=2><P ALIGN="CENTER">Nine<BR>
 Months <BR>
Ended <BR>
3/31/10</FONT></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Estimated amortization on acquired intangible assets</FONT></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,364</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;5,523</FONT></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Elimination of historical iPay amortization expense</FONT></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(2,450)</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(1,838)</FONT></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P>Elimination of intercompany costs (see item I)</FONT></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(1,800)</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT">(1,384)</FONT></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=17><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=17>
<FONT SIZE=2><P ALIGN="RIGHT"><hr width="100%" color=black noshade size="1"></FONT></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="15%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,114</FONT></TD>
<TD WIDTH="4%" VALIGN="BOTTOM" HEIGHT=18><P></P></TD>
<TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;2,301</FONT></TD>
</TR>
<TR><TD WIDTH="69%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="15%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
<TD WIDTH="4%" VALIGN="TOP" HEIGHT=18><P></P></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=18>
<FONT SIZE=2><P ALIGN="RIGHT"><DIV style="border-bottom: 3px double #000000"></DIV></FONT></TD>
</TR>
</TABLE>
<P></P>
<FONT SIZE=2><LI>To record estimated interest expense from debt issued and the amortization of debt acquisition costs.  These amounts were estimated using the interest rates in effect at the inception of the loans.  The loans have varying interest rates.  If the rates on the loans were to increase by 0.125%, the estimated interest expense would increase by approximately $400 and $250 for the periods ending June 30, 2009 and March 31, 2010, respectively.<BR>
</LI>
<P></P>
<LI>To record the estimated income tax effect of the business combination and the pro forma adjustments at the statutory rate.  The pro forma combined provision for income taxes does not necessarily represent the amounts that would have resulted had Jack Henry and iPay filed consolidated income tax returns for the period presented.<BR>
</LI></OL>
</FONT>
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