Common use of Method 2 Clause in Contracts

Method 2. Amount of compensation = (Committed net profit of 2021*95%) - Actual net profit in 2021 The Buyer has the right to require the Core Selling Shareholders to compensate in cash. To avoid doubt, if the Company's actual net profit in 2021 reaches 95% of the committed net profit of 2021, the Core Selling Shareholders need not compensate the Buyer.

Appears in 1 contract

Sources: Share Purchase Agreement (Roan Holdings Group Co., Ltd.)

Method 2. Amount of compensation = (Committed net profit of 20212020*95%) - Actual net profit in 2021 2020 The Buyer has the right to require the Core Selling Shareholders to compensate in cash. To avoid doubt, if the Company's actual net profit in 2021 2020 reaches 95% of the committed net profit of 20212020, the Core Selling Shareholders need not compensate the Buyer.

Appears in 1 contract

Sources: Share Purchase Agreement (Roan Holdings Group Co., Ltd.)