Fifth Installment. If the Net Profits of Newco reach the Operating Profit Index as defined herein and in the Operation and Management Agreement according to the audit report for the Second Audited Year, then within 10 days after the designated auditor completes its audit of Newco for the Second 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 75 days after the expiration of the most recent audit period (December 31 or March 31) for the Second Audited Year.
Appears in 3 contracts
Samples: Acquisition Framework Agreement (Middle Kingdom Alliance Corp.), Acquisition Framework Agreement (MK Arizona Corp.), Acquisition Framework Agreement (MK Arizona Corp.)
Fifth Installment. If the Net Profits of Newco reach the Operating Profit Index as defined herein and in the Operation and Management Agreement according to the audit report for the Second Audited Year, then within 10 days after the designated auditor completes its audit of Newco for the Second Audited Year and delivers its audit report, the Acquirer shall make a deposit in the amount of ****** 10% of the Acquisition Consideration (RMB ******31,620,000). The audit report shall be delivered no later than 75 days after the expiration of the most recent audit period (December 31 or March 31) for the Second Audited Year.
Appears in 1 contract
Samples: Acquisition Framework Agreement (Pypo China Holdings LTD)
