WORKING CAPITAL ADJUSTMENTS OR PURCHASE PRICE ADJUSTMENTS IN AN APA

I just wanted to share this important point when it comes to working capital. Please be sure that in your purchase agreement you address any working capital changes be "Trued-Up" and omit the word "adjustments". SBA does not like to see this word and it can be construed as a price adjustment, which then could effect the deal structure. Just trying to save you some back and forth with legal. Hope this point is helpful! Bruce



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