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Basis for Qualified Opinion <br />The Company has not consolidated the financial statements of Power Panel, Inc. in the accompanying <br />financial statements. Power Panel, Inc. meets the criteria of a variable interest entity for which accounting <br />principles generally accepted in the United States of America require consolidation. If this entity was <br />consolidated, its effects on the Company's consolidated financial position, results of operations and cash <br />flows as of and for the years ended December 31, 2015 and 2014, would be as described in Note 14 to <br />the financial statements. Not consolidating variable interest entities for which the Company is the primary <br />beneficiary is not in accordance with accounting principles generally accepted in the United States of <br />America. <br />Qualified Opinion. <br />In our opinion, except for the effects of the matter described in the Basis for Qualified Opinion paragraph, <br />the consolidated financial statements referred, to above present fairly, in all material respects, the financial <br />position of Advanced Roofing, Inc. and affiliates as of December 31, 2015 and 2014, and the results of its <br />operations and its cash flows for the years then ended in accordance with accounting principles generally <br />accepted in the United States of America. <br />, ?sR as "4p <br />Fort Lauderdale, Florida <br />May 18, 2016 <br />2 <br />