The number of Common Shares issuable pursuant to this acquisition, including pursuant to the Earnout, will be determined using the closing price of the Common Shares on the TSXV Venture Exchange (“TSXV”) on the 11 th day of trading of Bitcoin Well, or such other price as may be prescribed by the TSXV. In the event the negative shareholders’ equity of Ghostlab exceeds $1.8 million, the amount of the Earnout shall be reduced proportionately for every dollar of negative equity in excess of $1.8 million. Read More: NSAV Announces Launch Of Cryptocurrency Exchange The Earnout is payable in equal installments of $150,000 predicated on achieving Net Revenue (as defined in the agreement 1) of $600,000, $1.5 million, $3.6 million, and $8.0 million, respectively within a 12 month period, prior to the fourth anniversary of the acquisition’s Effective Date.
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