“Budget” is an estimate of a company’s Revenues and a plan of its Expenses over a set period of time such as a year. A Budget is an important internal management tool that is used to assess a company’s current financial status, establish a measure of performance, and create a future plan of action to achieve business goals and objectives.

A Budget can have very detailed financial assumptions and information, which may require the services of an experienced and qualified financial executive or advisor. A Budget often is included as part of the Investor Information Rights and therefore is provided periodically to certain Investors.