Common use of Earn-Out Payment Clause in Contracts

Earn-Out Payment. Following the Closing and in addition to the Merger Consideration Shares, PubCo shall issue an aggregate of up to 10,000,000 PubCo Ordinary Shares (which number shall be appropriately adjusted in accordance with Section 2.8, the “Earn-out Shares”) to the Company Shareholders who hold Company Shares as of immediately prior to the Initial Merger Effective Time on a pro rata basis and as follows:

Earn-Out Payment. Following the Closing and upon the occurrence of the Earn-out Event, in addition to the Merger Consideration Shares, PubCo shall issue an aggregate a one-time issuance of up to 10,000,000 20,000,000 PubCo Ordinary Shares (which number shall be appropriately adjusted in accordance with Section 2.82.7, the “Earn-out Shares”) to the Company Holdco Shareholders who hold Company Holdco Shares as of immediately prior to the Initial Merger Effective Time on a pro rata basis and as follows:basis.

Earn-Out Payment. Following the Closing and in addition to the Merger Consideration Shares, PubCo shall issue an aggregate of up to 10,000,000 15,000,000 PubCo Ordinary Shares (which number shall be appropriately adjusted in accordance with Section 2.8, the “Earn-out Shares”) to the Company Holdco Shareholders who hold Company Holdco Shares as of immediately prior to the Initial Merger Effective Time on a pro rata basis and as follows: