Based on your tele-conversation with Mr Su, here is the agreed revised terms: -
1. For the 24% Thai shareholding in PJT, IRIS agreed to total consideration of USD 10.5 mil. To be paid via USD 3 mil cash and USD 7.5 mil to settle the P/N. (The P/N shall define the terms & conditions more clearly).
The USD 3 mil cash will be paid as follows: -
a) USD 1 mil paid upon signing of Share Sales Agreement (SSA).
b) USD 2 mil paid on 31 Dec 2014.
2. For the 25% Thai shareholding in PJT, IRIS has the call option to purchase from Thai shareholders (K.Wuthikorn and K.Kunpawee) at fixed price of USD 5 mil for 1 year period from date of Share Sales Agreement (SSA).
Once the above agreed, will get the agreement revised and agreed by both parties lawyer.
Thanks.