INTELIMAX MEDIA INC.
CHARTER - AUDIT COMMITTEE
The committee's role is to act on behalf of the board of directors and oversee all material aspects
of the company's reporting, control, and audit functions, except those specifically related to the
responsibilities of another standing committee of the board. The audit committee's role includes a
particular focus on the qualitative aspects of financial reporting to shareholders and on company
processes for the management of business/financial risk and for compliance with significant
applicable legal, ethical, and regulatory requirements.
In addition, the committee responsible for: (1) selection and oversight of our independent
accountant; (2) establishing procedures for the receipt, retention and treatment of complaints
regarding accounting, internal controls and auditing matters; (3) establishing procedures for the
confidential, anonymous submission by our employees of concerns regarding accounting and
auditing matters; (4) establishing internal financial controls; (5) engaging outside advisors; and, (6)
funding for the outside auditor and any outside advisors engagement by the audit committee.
The role also includes coordination with other board committees and maintenance of strong,
positive working relationships with management, external and internal auditors, counsel, and other
The committee shall consist of at least three members of the board directors. The committee shall
have access to its own counsel and other advisors at the committee's sole discretion.
Committee Operating Principles
The committee shall fulfill its responsibilities within the context of the following overriding principles:
(1) Communications - The chairperson and others on the committee shall, to the extent
appropriate, have contact throughout the year with senior management, other committee
chairpersons, and other key committee advisors, externa