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TIMOTHY ROSE CONTRACTING, INC, <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2007 <br />NOTE 6: RELATED PARTY TRANSACTIONS <br />The Company leases its office facilities from the stockholder on a month <br />to month basis. Rental expense totaled $12,700 in 2007. <br />NOTE 7: MAJOR CONTRACTS <br />For the year ended December 31, 2007, revenues from the largest five <br />contracts represented 43% of total sales. Of these contracts, the largest <br />contract represented 10% of total revenues. <br />9 <br />