Common use of Calculation, Payment Terms of Service Fee; Financial Statements, Audit and Tax Clause in Contracts

Calculation, Payment Terms of Service Fee; Financial Statements, Audit and Tax. 2.1 The Parties agree that with respect to the Services provided by Party A, Party B shall pay 100% of its monthly net revenue on a consolidated basis to Party A as service fee (“Service Fee”). The Service Fee shall be paid on a monthly basis. During the term of this Agreement, Party A shall be entitled to adjust the said Service Fee at its sole discretion without Party B’s consent. Party B shall (a) provide the management statement and operational data of Party B of the month to Party A, specifying the net revenue on a consolidated basis of Party B of that month (“Monthly Net Revenue”); and (b) pay 100% of its monthly net revenue on a consolidated basis to Party A (“Monthly Payment”). Upon receipt of the management statement and operational data, Party A shall issue the corresponding invoice for technical Service Fee to Party B within seven (7) days. Party B shall pay the amount indicated on the invoice within seven (7) days upon receipt of the invoice. All payments shall be transferred into the bank account designated by Party A by means of remittance or other means agreed by the Parties. The Parties agree that Party A may change such payment instructions by giving a notice to Party B from time to time, and Party B shall accept such arrangement.

Calculation, Payment Terms of Service Fee; Financial Statements, Audit and Tax. 2.1 2.1. The Parties agree that with respect to the Services provided by Party A, Party B shall pay 100% of its monthly net revenue on a consolidated basis to Party A as service fee (“Service Fee”). The Service Fee shall be paid on a monthly basis. During the term of this Agreement, Party A shall be entitled to adjust the said Service Fee at its sole discretion without Party B’s consent. Party B shall shall, within thirty (a30) days as of the last day of each month, (1) provide the management statement and operational data of Party B of the month to Party A, specifying the net revenue on a consolidated basis of Party B of that month (“Monthly Net Revenue”); and (b2) pay 100% of its monthly net revenue on a consolidated basis to Party A (“Monthly Payment”). Upon receipt of the management statement and operational data, Party A shall issue the corresponding invoice for technical Service Fee to Party B within seven (7) business days. Party B shall pay the amount indicated on the invoice within seven (7) business days upon receipt of the invoice. All payments shall be transferred into to the bank account designated by Party A by means of remittance or other means agreed by the Parties. The Parties agree that Party A may change such payment instructions by giving a notice to Party B from time to time, and Party B shall accept such arrangement.