Included and Excluded Business. All income and expenses of the Buyer and its Affiliates (including for purposes hereof the Group Companies) that relates to the Company Business in or relating to the Existing Shops (including but not limited to any gain or loss relating to any disposal of Existing Shops or material assets), any income that relates to a Current Customer in any stores that are not Existing Shops and any income from retail sales of products that are transferred from Existing Shops to new stores and sold in new stores, and as such business is intended to be conducted pursuant to the Forecast or is adjusted, changed or modified after the Closing Date in accordance with Clause 4.1.2(b), shall be included in the calculation of the PBT (“Included Business”). All income and expenses of the Group Companies that relate to any business activities in stores that are not open on the Closing Date, including in any stores acquired (directly or indirectly) after the Closing Date (with the Buyer procuring that such acquired stores will not operate under the trade names or trademarks of any Group Company) but excluding any business activities of the Current Customers, shall be excluded in the calculation of the PBT (“Excluded Business”). Accordingly, and for the avoidance of doubt, only the operations of the Buyer and its Affiliates (including for purposes hereof the Group Companies) within the Company Business conducted in the Existing Shops (including but not limited to any gain or loss relating to any disposal of Existing Shops or material assets) and for the products and services (i) offered as of the Closing Date and any income relating to Current Customers or products from Existing Shops in any stores that are opened after the Closing Date, (ii) referred to in the Forecast or (iii) added with the prior written consent of the Seller, will be included in the calculation of the PBT.
