CONFIDENTIALFinancialAgreement[clientname][date]Thisdocumentissolelyfortheuseofclientpersonnel.Nopartofthisdocumentmaybecirculated,quoted,orreproducedfordistributionoutsidetheclientorganizationwithoutpriorwrittenapprovalfromMcKinsey&Company.FinancialAgreementThisagreementsetsouttheprofessionalfeesandrelatedexpensesagreedtobepaidby[clientname](the“Client”)to[McKinseyConsultingCo.,Ltd.Beijing/McKinsey&ConsultingCompanyInc.,Shanghai](“McKinsey”)fortheservicestobeperformedbyMcKinseysetoutintheletterofproposalfromMcKinseytotheClientdated[date](the“Services”).1.PROFESSIONALFEESANDEXPENSES.TheClientagreestopayMcKinseyafixedfeeofRMB[*******]fortheServices(the“AgreedFee”),assetoutbelow:-RMBThousandTotalProfessionalfees****Expenses****Businesstax@5%****AgreedFee****TheAgreedFeeconsistsofMcKinsey’sprofessionalfeesandrelatedexpenses(whichincludeexternalcostsandexpensessuchastravel,research,andcourierandinternalcostssuchasthoserelatingtoadministrativesupport,reportproductionandcomputersupport).TheAgreedFeedoesnotincludecostsorexpensesseparatelyincurredbytheClient,suchastravelcostsforClientteammembersandthecostsofoperatingtheteamroomattheClient’soffice(forexampletheoffice’stelephonebillandconsumablesforthephotocopier).TheseClientcostswillbepaiddirectlybytheClient.IntheeventthatthescopeoftheServicesismodified,theClientandMcKinseyagreetonegotiateingoodfaitharevisionofthefeesandexpensespayabletoMcKinseyfortheServices.FollowingsuchnegotiationstheAgreedFeeshallbeadjustedtoreflectthemodificationtotheServices.2.TIMINGOFPAYMENT.TheClientwillbeinvoicedfortheprofessionalfeesandexpensesinarrearsattheendofeachmonth.Allinvoicesaredueandpayableimmediatelyuponpresentation.Invoiceswillbesubmittedinaccordancewiththefollowingbillingschedule:-AmountInvoicedate3.INTEREST.Shouldanyinvoiceremainunpaidformorethan14daysafterpresentation,interestwillaccrueontheoutstandingamountportionoftheAgreedFeeattherateof1.5%permonth,calculatedfromthe15thdayafterpresentationuntilthedateofpayment(basedontheactualnumberofdayselapsed).4.TERMINATION.TheClientandMcKinseyagreethateitherpartymayterminatetheServiceseffectiveuponthegivingofwrittennoticetotheother.Intheeventofanytermination,theClient’ssoleresponsibilitywithrespecttotheprofessionalfeesandrelatedexpensesshallbetopaytheprorataamountoftheAgreedFeewhichhasaccruedtotheeffectivedateoftermination.5.PAYMENTINSTRUCTIONS.PaymentoftheAgreedFeeinRMBshouldbewiredtothefollowingaccount,usingthebillinginvoicenumberasareference:-[ChinaConstructionBank,ShanghaiBranchNo.200,Mid.HuaihaiRoadShanghai200021,PRofChinaRMBa/c#055504-00263016819FortheaccountofMcKinsey&ConsultingCompanyInc.Shanghai]AcknowledgedandAccepted____________________________________[clientname]By:________________________________Title:______________________________Date:__________________________________________________________________[McKinseyentityname]By:________________________________Title:______________________________Date:______________________________
