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... managed to maintain the KPI, she would then need to pay 60 million in the second year, 90 million in the third year, and 120 million in the fourth year.

Each year a new step up, tirelessly striving every year, it seems, making every penny of the panda’s worthwhile.

But the issue was—whoever breached the contract bore full responsibility; if the panda could not pay the contractual fees for future years due to poor management, they would have to compensate based on a multiple N of ...

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