The betting agreement could be used to protect the interests of the investors in the equity acquisition.
It could also be used in some commercial agreement to protect the assets of one of the parties from being devalued.
Specifically, these major shareholders only had a very simple and crude clause in the betting agreement proposed by Xiao Ning --
Give Xiao Ning a year.
If Xiao Ning could restore the BAI Corporation’s share price to 100 yuan, everyone would give up on transferring their shares to others
If Xiao Ning could not do it, then Xiao Ning would have to pay 100 yuan per share to buy everyone’s shares!
That would be a sky-high price!
In other words, the crux of this bet agreement was that the risks were all borne by Xiao Ning alone.
Other than trying her best to get the BAI Corporation back on track and turn it back into a money-printing machine for everyone, she had no other way out!
A gamble with no way out..
