Research - Make-Good Provisions

Make-good provisions - often referred to as incentive allocations, performance targets, or performance thresholds - are good faith promises and/or targets that a company sets during the initial stages of their reverse merger share exchange process or during subsequent capital raises. Learn more about make-good provisions in our Learning Center message board.

Below you will find all of our exclusive make-good research. And view our growing list of companies with make good provisions.

Friday, February 22, 2013

Big Tree Group (BIGG)

Shares to be issued to certain parties if the company does not achieve the following goals: page 6 achieving not less than $30,800,000 in Gross Revenues, as determined under US GAAP for any consecutive 12 months during the period from January 1, 2012 through December 31, 2013 (the " Revenue").. 2,166,667. achieving not less than $2,400,000 in pre-tax profits, as determined under US GAAP…

Wednesday, December 26, 2012

Green Innovations (GNIN)

In order to renew our Licensing Agreement with AHC for an additional 5 yearterm, we must achieve the following sales targets during the initial 5 yearterm: $150,000 in sales of absorbent pad based products, including diapers, panty liners and sanitary pads during the first year followed by a 25% increase during each subsequent year; $100,000 in sales of plates and cups, produce…

Monday, December 3, 2012

Vertex Energy (VTNR)

Financial Target arrangement related to a recent acquisition: for each of the three one-year periods following the closing date of the transaction, Holdings will be eligible to receive earn-out payments of $2.23 million, up to $6.7 million in the aggregate, contingent on the combined company achieving EBITDA targets of $10.75 million, $12.0 million and $13.5 million, respectively, in those periods…

Tuesday, October 30, 2012

Fab Universal (FU)

The Preferred Stock (in connection with a recent reverse merger transaction) has no dividend rights or voting rights or the right to receive any assets of the Company upon liquidation, dissolution or winding up. The Preferred Stock will be convertible into shares of the Company’s common stock in three (3) tranches upon the occurrence of the following conversion events: (i) upon the successful completion of certain Corporate Governance Objectives for the four (4) consecutive…

Thursday, August 16, 2012

Private Media Group (PRVT)

Under the Employment Agreement, Mr. Prast shall receive an annual salary of 120,000 euros. The Company will not provide Mr. Prast with health insurance. Instead, the Company is required to reimburse him for all of his health insurance payments, not to exceed 7,200 euros per annum. In addition to his base salary, Mr. Prast will be entitled to an annual cash performance bonus equal to a percentage of the Company’s annual Earnings Before Interest,…

Saturday, June 23, 2012

Hicks Acquisition Co Ii (HKAC)

One day after the closing of the transactions contemplated by the Equity Purchase Agreement with Appleton , pursuant to the Cross Purchase Agreement, PDC will sell the Over-the-Top Units to Hicks Acquisition Company II, Inc (HACII), which will immediately surrender the Over-the-Top Units to Appleton for cancellation and, upon its receipt thereof, Appleton will issue to HACII a number of Appleton Class A Units equal to the number of cancelled Over-the-Top Units. In exchange,…

Thursday, December 29, 2011

China Tmk Battery Systems (DFEL)

SHENZHEN, China, December 29, 2011 /PRNewswire-Asia-FirstCall/ -- China TMK Battery Systems Inc. (OTC Bulletin Board: DFEL) ("TMK" or "the Company") (formerly, Deerfield Resources, Ltd.), a Chinese manufacturer and distributor of customized rechargeable battery solutions to global consumer product companies, today announced it has delivered payment to all eligible investors for the make good provision as stipulated in its registration rights agreement ("the…

Friday, December 16, 2011

Chinanet Online Holdings (CNET)

"Make good" provisions in connection with recent acquisition: Mr. Liu (acquiree) will pledge to the Company the 49% of the equity interests of SouYi he owns to secure Shareholders’ make good obligation under the Agreement. The Agreement established minimum audited after tax net profit threshold of RMB 15.8 million (approximately $2.45 million) for SouYi for fiscal year 2012 ("2012 Performance Threshold"). In the event…

Monday, October 10, 2011

Stevia (STEV)

Per a recent RTO transaction, 6,000,000 of such shares are being held in escrow pending the achievement by Registrant of certain post-Closing business milestones. Waiting for more details as exhibit A (which was supposed to contain make good details), was omitted from RTO filing…

Wednesday, August 3, 2011

Global Pharm Holdings (GPHG)

Financial targert goals pertaining to a recent acquisition: The Purchaser (GPHG) shall, within twenty (20) Business Days after it receives the 2011 Financial Statements, release the following amount of Pledged Shares to the Sellers subject to the following terms: (i) all of the Pledged Shares, if the consolidated net revenue of the Company according to the 2011 Financial Statements is no less than RMB275,000,000; (ii) 50% of the…

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