Common use of Acquisition Price Clause in Contracts

Acquisition Price. The historic financial datas from 2007 to present audited by the public accounting firm designated by Party C are as following: The audited revenue amount in 2007 is 14.5MM RMB and the net profit is 1.9MM RMB; The audited revenue amount in 2008 is 20MM RMB and the net profit is 2.7MM RMB; The audited revenue amount in 2009 is 31MM RMB and the net profit is 4.5MM RMB; After the reasonable evaluation of the price of the acquired assets or stock rights, we confirmed the aggregate acquisition price is 20MM RMB (Capital Form: RMB 20MM only). VI: Payment Schedule The Party C plans to pay Party A I and Party A II the Universal Travel Group common stocks with the value equivalent to 20% of the aggregate acquisition price and the stock price is based on the average closing price of 15 market days before the signature of the formal agreement. And 80% of the cash will be paid to Party A I and Party A II. The 40% of the cash will be paid within 10 days of the acquisition announcement and 20% of the cash will be paid within 10 days of the clearance of share exchange formality in local business registration, and the remaining 20% of the cash will be paid within 10 days after the closing of the entire transaction. And the stock will be paid within 90 days of the company’s closing acquisition announcement.

Acquisition Price. The historic financial datas from 2007 to present audited by the public accounting firm designated by Party C are as following: The audited revenue amount in 2007 is 14.5MM 32MM RMB and the net profit is 1.9MM 1.7MM RMB; The audited revenue amount in 2008 is 20MM 37MM RMB and the net profit is 2.7MM 2.5MM RMB; The audited revenue amount in 2009 is 31MM 49MM RMB and the net profit is 4.5MM 4.2MM RMB; After the reasonable evaluation of the price of the acquired assets or stock rights, we confirmed the aggregate acquisition price is 20MM 30MM RMB (Capital Form: RMB 20MM 30MM only). VI: Payment Schedule The Party C plans to pay Party A I and Party A II the Universal Travel Group common stocks with the value equivalent to 20% of the aggregate acquisition price and the stock price is based on the average closing price of 15 market days before the signature of the formal agreement. And 80% of the cash will be paid to Party A I and Party A II. The 40% of the cash will be paid within 10 days of the acquisition announcement and 20% of the cash will be paid within 10 days of the clearance of share exchange formality in local business registration, and the remaining 20% of the cash will be paid within 10 days after the closing of the entire transaction. And the stock will be paid within 90 days of the company’s closing acquisition announcement.

Acquisition Price. The historic financial datas from 2007 to present audited by the public accounting firm designated by Party C are as following: The audited revenue amount in 2007 is 14.5MM 49MM RMB and the net profit is 1.9MM 3.7MM RMB; The audited revenue amount in 2008 is 20MM 40MM RMB and the net profit is 2.7MM 3.9MM RMB; The audited revenue amount in 2009 is 31MM 65MM RMB and the net profit is 4.5MM 6.5MM RMB; After the reasonable evaluation of the price of the acquired assets or stock rights, we confirmed the aggregate acquisition price is 20MM 39MM RMB (Capital Form: RMB 20MM 39MM only). VI: Payment Schedule The Party C plans to pay Party A I and Party A II the Universal Travel Group common stocks with the value equivalent to 2010% of the aggregate acquisition price and the stock price is based on the average closing price of 15 market days before the signature of the formal agreement. And 8090% of the cash will be paid to Party A I and Party A II. A. The 4045% of the cash will be paid within 10 days of the acquisition announcement the agreement signing and 20the remaining 45% of the cash will be paid within 10 days of the clearance of share exchange formality in local business registration, and the remaining 20% of the cash will be paid within 10 days after the closing of the entire transaction. .And the stock will be paid within 90 days of the company’s closing acquisition announcementannouncement and circulated five years later.

Acquisition Price. The historic financial datas from 2007 to present audited by the public accounting firm designated by Party C are as following: The audited revenue amount in 2007 is 14.5MM 58MM RMB and the net profit is 1.9MM 3.5MM RMB; The audited revenue amount in 2008 is 20MM 61MM RMB and the net profit is 2.7MM 5.9MM RMB; The audited revenue amount in 2009 is 31MM 74MM RMB and the net profit is 4.5MM 6.0MM RMB; After the reasonable evaluation of the price of the acquired assets or stock rights, we confirmed the aggregate acquisition price is 20MM 39MM RMB (Capital Form: RMB 20MM 39MM only). VI: Payment Schedule The Party C plans to pay Party A I and Party A II the Universal Travel Group common stocks with the value equivalent to 2010% of the aggregate acquisition price and the stock price is based on the average closing price of 15 market days before the signature of the formal agreement. And 8090% of the cash will be paid to Party A I and Party A II. The 4045% of the cash will be paid within 10 days of the acquisition announcement and 2025% of the cash will be paid within 10 days of the clearance of share exchange formality in local business registration, and the remaining 20% of the cash will be paid within 10 days after the closing of the entire transaction. And the stock will be paid within 90 days of the company’s closing acquisition announcement.