Payment of Post-Closing Consideration. (a) The Second Payment. (i) 2022 Profit Statement Within fifteen (15) Business Days after the completion of the financial statements for the calendar year of 2022 for the Company (the “2022 Financial Statements”), Buyer shall provide to Sellers a statement of Buyer’s good faith calculations of Net Profit for the calendar year of 2022, to be derived from the 2022 Financial Statements (the “2022 Profit Statement”). Buyer shall provide to Sellers materials as reasonably required to support such 2022 Profit Statement.
Appears in 2 contracts
Sources: Stock Purchase Agreement (BIMI International Medical Inc.), Stock Purchase Agreement (BIMI International Medical Inc.)
Payment of Post-Closing Consideration. (a) The Second Payment.
(i) 2022 2021 Profit Statement Within fifteen (15) Business Days after the completion of the financial statements for the calendar year of 2022 2021 for each of the Company Acquired Companies (collectively, the “2022 2021 Financial Statements”), Buyer shall provide to Sellers a statement of Buyer’s good faith calculations of Net Profit for the calendar year of 20222021, to be derived from the 2022 2021 Financial Statements (the “2022 2021 Profit Statement”). Buyer shall provide to Sellers materials as reasonably required to support such 2022 2021 Profit Statement.
Appears in 1 contract
Sources: Stock Purchase Agreement (BOQI International Medical, Inc.)