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A popular explanation of a better agreement
The gambling agreement is actually a "spur agreement" signed by the investor and the invested enterprise.

Spur the development of invested enterprises, achieve the purpose of gambling, so as to achieve a win-win situation. On the other hand, if the invested enterprise fails to achieve its goal, the investor will exercise the rights conferred by the gambling agreement and recover some expected losses.

According to the minutes of the national court's civil and commercial trial work conference, when investors and financiers reach an equity financing agreement, they design an agreement to adjust the valuation of the future target company, including equity repurchase and monetary compensation, so as to solve the uncertainty, information asymmetry and agency cost of the future development of the target company.