Common use of Adjustment Mechanism Clause in Contracts

Adjustment Mechanism. The Consideration as a percentage of the Operating Profit to be received by the State shall be adjusted in accordance with the following formula: SGt = 100% - SCAt SGt = Percentage of Operating Profit received by the State during Period t. SCAt = Adjusted percentage of Operating Profit received by the Contractor in Period t. The adjusted percentage of Operating Profit received by the Contractor during Period t(SCAt) will be calculated as follows: (a) When the metrics of the operating result before taxes of the Contractor for the Period immediately preceding the relevant Period (MROt – 1) is less than the value U1, the percentage of the Operating Profit received by the Contractor will be SC1. (b) When the value of the metrics of the operating results before taxes of the Contractor for the Period immediately preceding the relevant Period (MROT – 1) is between U1 and U2, the percentage of Operating Profit received by the Contractor, SCAt, will be determined in accordance with the following formula: Where:

Adjustment Mechanism. The Consideration as a percentage of the Operating Profit to be received by the State State, shall be adjusted in accordance with the following formula: SGt 𝑺𝑮𝒕 = 100% - SCAt SGt 𝟏 − 𝑺𝑪𝑨𝒕 Where: 𝑺𝑮𝒕 = Percentage of Operating Profit received by the State during in Period t. SCAt 𝑡. 𝑺𝑪𝑨𝒕 = Adjusted percentage of Operating Profit received by the Contractor in Period t. 𝑡. The adjusted percentage of Operating Profit received by the Contractor during in Period t(SCAt𝑡 (𝑆𝐶𝐴𝑡) will be calculated as follows: (a) When the metrics Metrics of the operating result Operating Result before taxes Taxes of the Contractor for the Period immediately preceding the relevant Period (MROt – 1𝑀𝑅𝑂𝑡−1) is less than the value U1, the percentage of the Operating Profit received by the Contractor will be SC1.𝑺𝑪𝟏. (b) When the value of the metrics Metrics of the operating results Operating Result before taxes Taxes of the Contractor for the Period immediately preceding the relevant Period (MROT – 1𝑀𝑅𝑂𝑡−1) is between U1 𝑈1 and U2𝑈2, the percentage of Operating Profit received by the Contractor, SCAt𝑺𝑪𝑨𝒕, will be determined in accordance with the following formula: 𝑀𝑅𝑂𝑡−1 − 𝑈1 − (𝑆𝐶 − 𝑆𝐶 ) ( ) Where:

Adjustment Mechanism. The Consideration as a percentage of the Operating Profit to be received by the State shall be adjusted in accordance with the following formula: SGt = 100% - SCAt SGt = Percentage of Operating Profit received by the State during Period t. SCAt = Adjusted percentage of Operating Profit received by the Contractor in during Period t. The adjusted percentage of Operating Profit received by the Contractor during Period t(SCAtPeriot(SCAt) will be calculated as follows: (a) When the metrics of the operating result result, before taxes taxes, of the Contractor for the Period immediately preceding the relevant Period (MROt – 1MROt-1) is less than the value U1, the percentage of the Operating Profit received by the Contractor will be SC1. (b) When the value of the metrics of the operating results results, before taxes taxes, of the Contractor for the Period immediately preceding the relevant Period (MROT – 1MROT-1) is between U1 and U2, the percentage of Operating Profit received by the Contractor, SCAt, will be determined in accordance with the following formula: Where: