Common use of Business Value Clause in Contracts

Business Value. Both the Seller and GRNQ hereby agreed the business value of A&G to be HK$7,423,260 i.e. equivalent to US$957,840(Exchange rate: $1.00=HK$7.75) (“Business Value”). The Business Value includes, comprises, covers all the customers, fixed assets, cash and cash equivalents, liabilities of A&G as at the date of April 30, 2015. The Seller will produce and provide a set of financial statements as at April 30, 2015 for the purposes of this Agreement and establishment of the Business Value. The Business Value is arrived at and assumed that A&G is a going concern entity and the Seller hereby confirmed that A&G is a going concern entity.

Business Value. Both the Seller and GRNQ hereby agreed the business value of A&G F&A to be HK$7,423,260 HK$8,383,206 i.e. equivalent to US$957,840(Exchange 1,081,704 (Exchange rate: $1.00=HK$7.75) (“Business Value”). The Business Value includes, comprises, covers all the customers, fixed assets, cash and cash equivalents, liabilities of A&G F&A as at the date of April 30, 2015. The Seller will produce and provide a set of financial statements as at April 30, 2015 for the purposes of this Agreement and establishment of the Business Value. The Business Value is arrived at and assumed that A&G F&A is a going concern entity and the Seller hereby confirmed that A&G F&A is a going concern entity.