Inventory turns

Off Balance Sheet Arrangements. There is no transaction, arrangement, or other relationship between the Company or any of its Subsidiaries and an unconsolidated or other off balance sheet entity that is required to be disclosed by the Company in its 1934 Act filings and is not so disclosed or that otherwise could be reasonably likely to have a Material Adverse Effect.

Off-Balance Sheet Arrangements. Except as set forth in [Schedule 2.8(g)] of the Company Schedules, neither the Company nor any Subsidiary has entered into any material off-balance sheet transactions.

Capital Balance. The Initial Capital Contribution made by a Partner in cash and the fair market value of any contributions in kind, (as set forth in this Agreement), as reduced from time to time by all cash distributions to such Partner which, pursuant to the terms of this Agreement, are in reduction of a Partner’s Capital Balance.

Note Balance. To clarify the computation of the Principal Sum due to the Investor under the Note, immediately following the Investor's payment of $25,000 of Consideration on the Effective Date of the Note, the Principal Sum shall be equal to $25,000 divided by $225,000 and multiplied by $250,000, for a Principal Sum of $27,777. A one-time Interest Charge of 12% shall be applied to the Principal Sum such that the outstanding Principal Sum and Interest on the initial $25,000 payment of Consideration shall be $31,111.

June 30, 2016 shall be referred to herein as the “Balance Sheet Date” and the balance sheet of the Company as of such date shall be referred to herein as the “Balance Sheet”.

Events Since Balance Sheet Date. Since the Balance Sheet Date, the Business has not suffered any Material Adverse Effect. Except as set forth on [Schedule 4.1.16], since the Balance Sheet Date, the Company has not:

“Balance Sheet” means the unaudited balance sheet of Seller prepared in accordance with GAAP as of April 30, 2017.

"Accounts" means the unaudited consolidated balance sheet of the Company made up as at the Balance Sheet Date and the unaudited profit and loss accounts of the Company for the 4 months period ended on the Balance Sheet Date, copies of which are attached hereto marked "Appendix";

Return on equity