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Licensing Disclosure
Purpose
It is Sunair policy that all disclosures made by Sunair to its security
holders or the investment community should be accurate and complete and fairly
present Sunair financial condition and results of operations in all material
respects, and should be made on a timely basis as required by applicable laws,
regulations, and stock exchange requirements. Sunair has established the
Committee with the following organization and responsibilities.
Organization
Such members may be replaced, or new members added, at any time and from time to time
by the Senior Officers. Notwithstanding the foregoing, the Senior Officers at their option
may at any time assume any or all of the responsibilities of the Disclosure Committee
identified in this Charter, including, for example, approving Disclosure Statements when
time does not permit the full Committee to meet. The Committee may designate two or
more officers, at least one of whom shall be an attorney knowledgeable about Securities
and Exchange Commission (SEC) rules and regulations with respect to disclosure and
at least one of whom shall be knowledgeable about financial reporting, who can, acting
together, approve Disclosure Statements (other than periodic reports) when time does
not permit the full Committee to meet.
One member of the Committee shall be appointed by the Senior Officers as chair. The
chair shall be responsible for scheduling and presiding over meetings and preparing
agendas. Any question of interpretation of this charter or the Committee’s procedures
shall be determined by any Senior Officer or, in their absence from any meeting, the
chair.
Promptly after the date hereof, the Committee shall meet with the Senior Officers and
submit for their approval an initial set of Disclosure Controls, including policies and
procedures of this Committee, as well as policies and procedures to test the
effectiveness of the Disclosure Controls. The Committee shall meet as frequently as
circumstances dictate to (1) ensure the accuracy and completeness of the Disclosure
Statements and (2) evaluate the Disclosure Controls and determine whether any
changes to the Disclosure Controls are necessary or advisable in connection with the
preparation of Sunair upcoming periodic reports or other Disclosure
Statements, taking into account developments since the most recent meeting, including
changes in the organization and business lines and any change in economic or industry
conditions.
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