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Zongshen PEM Power Systems Inc. Enters into a Non-Binding Letter of Intent to Acquire the Two Wheeled Gas Motorcycle Business f

  //house-home.news-articles.net/content/2009/10/2 .. e-the-two-wheeled-gas-motorcycle-business-f.html
  Published in House and Home on Friday, October 23rd 2009 at 5:44 GMT by Market Wire
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 (a) 50% of the Performance Shares (or an amount equal to 2 times 2009 Net Income) will be released at the closing date if the 2009 Net Income is at least RMB 75 million. (b) A further 50% of the Performance Shares (or an amount equal to 2 times 2009 Net Income) will be released from escrow to ZIG, if the compounded after tax net income growth rate of the Business for the two financial years ended December 31, 2010 and December 31, 2011 shall be at least 30%; or (c) A further 25% of the Performance Shares (or an amount equal to 1 times 2009 Net Income) will be released from escrow to ZIG, if the compounded after tax net income growth rate of the Business for the two financial years ended December 31, 2010 and December 31, 2011 shall be at least 20% but less than 30%.