Kubient Inc (KBNT)

[StockLogistics]

“ii) If the 2022 Net Revenue for the MC Business exceeds Base Net Revenue (any such excess amount of Net Revenue is referred to herein as the “2022 New Net Revenue”) by the amount set forth in the left hand column of the following chart, then Seller shall be entitled to receive the number of shares of Buyer Common Stock designated in the right hand column of the following chart (such aggregate number of shares is referred to herein as the “New Business Earnout Shares”; and together with the Base Business Earnout Shares, if any, the “Earnout Shares”):



2022 New Net Revenue

New Business Earnout Shares

$1,500,000 million

164,474

> $1,500,000 million but <$3 million

An amount equal to the sum of (i) 164,474, plus (ii) the product of 411,184, multiplied by a fraction the numerator of which is the amount of 2022 New Net Revenue in excess of $1,500,000 and the denominator of which is $1,500,000

$3 million or more

575,658
https://www.otcmarkets.com/filing/html?id=15400715&guid=RfSwkHUxZWc5Oth
“

These terms negate the value of the deal for common shareholders imo