Fourth Installment. If the Annualized Net Profits of Jiangsu Guanzhilin reach the Guaranteed Net Profit Base according to the audit report for the First Audited Year (from November 1, 2008 to December 31, 2009), then within 10 days after the auditor completes its audit of Jiangsu Guanzhilin for the First Audited Year and delivers its audit report, the Acquirer shall make a deposit in the amount of ****** of the Acquisition Consideration (RMB ******). The audit report shall be delivered no later than March 15, 2010. If the audit report is delayed because of the reasons set forth in Article 16 of this Agreement and Article 3.7 of the Supplemental Agreement to the Equity Transfer Agreement, the Acquirer’s ceasing of payment of the fourth installment shall not be deemed as a delayed payment of the Acquisition Consideration.
Appears in 2 contracts
Sources: Supplemental Agreement to Acquisition Framework Agreement (MK Arizona Corp.), Supplemental Agreement to Acquisition Framework Agreement (MK Arizona Corp.)