Investment valuation Clause Samples

Investment valuation. The parties confirmed that the valuation of the Company after the completion of the investment was HK$ 800 million.

Investment valuation. The Fund values interests in the Underlying Funds at fair value, which ordinarily is the value determined by their respective investment managers, in accordance with procedures established by the Board. Investments in Underlying Funds are subject to the terms of the Underlying Funds’ offering documents. Valuations of the Underlying Funds may be subject to estimates and are net of management and performance incentive fees or allocations payable to the Underlying Funds’ managers as required by the Underlying Funds’ offering documents. If the Investment Manager determines that the most recent value reported by the Underlying Fund does not represent fair value or if the Underlying Fund fails to report a value to the Fund, a fair value determination is made under procedures established by and under the general supervision of the Board. Because of the inherent uncertainty in valuation, the estimated values may differ from the values that would have been used had a ready market for the securities existed, and the differences could be material. Prospective investors should be aware that situations involving uncertainties as to the value of portfolio positions could have an adverse effect in the Fund’s net assets if the judgments of the Board, the Investment Manager or investment advisor to the Underlying Fund should prove incorrect. Investment advisors to the Underlying Funds only provide determinations of the net asset values of Underlying Funds on a weekly or monthly basis, in which event it will not be possible to determine the net asset value of the Fund more frequently. The interests in the Underlying Funds in which the Fund invests or plans to invest are generally illiquid. The Fund may not be able to dispose of Underlying Fund interest that it has purchased. These investments represent 91.7% of the net assets of the Fund. a. Investment Valuation (cont) The Fund also invests excess cash in the Federated Treasury Obligations Fund, an open-end money market fund which is included on the schedule of investments.

Investment valuation. Based on the Investors’ appraisal of the Company and the expectation of operating performance, and with reference to the Assets Appraisal Report (Document No.: HRPB Zi (2022) No. 010017) issued by ▇▇▇▇▇ ▇▇▇▇▇▇ Assets Appraisal Office (Special General Partnership), all parties confirm that the overall valuation value of the Company before this round of investment is RMB 2.5 billion (in words: RMB Two Billion Five Hundred Million only, hereinafter referred to as “the valuation before this investment”), and agree that the valuation before this investment shall be used as the pricing basis for this investment to the Company.

Investment valuation. All investments in securities are recorded at their estimated fair value. The Portfolio values its investments at the official close of the New York Stock Exchange (“NYSE”) each day the NYSE is open for business. The Portfolio utilizes various methods to measure the fair value of its investments on a recurring basis. Generally Accepted Accounting Principles in the United States of America establishes a hierarchy that prioritizes inputs to valuation methods. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The three levels (“Levels”) of inputs of the fair value hierarchy are defined as follows:

Investment valuation. The Parties agree that the pre-money valuation made by the Investor to the Investee shall not be higher than 90 percent (and not higher than USD 6.5 million) of the pre-money valuation of the next round of equity financing completed by the Investee within 12 (twelve) months from the date on which the Investment Amount is fully paid (the specific valuation shall be subject to the agreement duly executed and effective in the next round of equity financing between the Investee, its shareholders and other relevant parties and the Investor).

Investment valuation. The Net Asset Value or NAV of Fund(s) for the purpose of acquiring, redeeming, switching, or redirecting of the Units shall be determined by the Company or by the Fund(s) manager as per the terms and conditions of the Funds attached to this Contract. The NAV can be calculated by either of the following methods: a. When appropriation price is applied: The NAV of a Fund shall be ﺔﻤﻴﻘﻟا ﻖﻓو ﻖﻳدﺎﻨﺼﻠﻟ لﻮﺻﻷا ﺔﻤﻴﻗ ﻲﻓﺎﺻ ﺐﺴﺘﺤﺗ :ةﺪﺣﻮﻟا ﺺﻴﺼﺨﺗ ﺮﻌﺳ ﻖﻴﺒﻄﺗ ﻢﺘﻳ ﺎﻣﺪﻨﻋ -أ computed as the market value of investments held by the Fund plus the expenses incurred in the purchase of the assets plus the value of any Current Assets plus any accrued income net of Wakalah fee for Fund Management and Fund Administration less the value of any Current Liabilities and Provisions, if any. This is applicable when the Company is required to purchase assets to allocate Units at the Valuation Date. b. When expropriation price is applied: The NAV of a Fund shall be computed as the market value of investment held by the Fund less the expenses incurred in the sale of the assets plus the value of any Current Assets plus any accrued income net of Wakalah fee for Fund Management and Fund Administration less the value of any Current Liabilities and Provision, if any. This is applicable when the Company is required to sell assets to redeem Units at the Valuation Date.

Investment valuation. Custodian will prepare and furnish to the Town and Plan a report of the assets in this Account showing units, description,

Investment valuation. The investor makes a capital increase of RMB 400,000,000 Yuan in the Company, the valuation of the Company is RMB 5,000,000,000 Yuan after the investment, and the investor holds 8% of the equity of the Company after the completion of the capital increase. The current registered capital of the Company is RMB 80,000,000 Yuan; the amount of capital increase made by the investor in the Company is ▇▇▇ ▇▇▇,▇▇▇,▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇ 6,956,522 Yuan shall be included in the paid-in capital / capital stock of the Company, and the rest of the premium segment of RMB 393,043,478 Yuan shall be included in the capital reserve of the Company.

Investment valuation. The parties confirm that, after negotiation among the parties to this Agreement, the pre-investment valuation of the Company in this round of investment is 18000 million yuan.