Share Repurchase Agreements

This share repurchase agreement (this “agreement”) will be concluded from December 10, 2019 by and between Primoris Services Corporation, a Delaware Corporation (“Buyer”), and the shareholders of the Schedule A buyer (together the “sellers”). In some cases, a buyback may mask a slightly lower net profit. If the share buyback reduces outstanding shares more strongly than the decline in net income, the EPS will increase regardless of the company`s financial position. Companies in the United States can choose from five primary methods of share or share repurchase, including: If the company distributes the same amount to all the money to shareholders each year and the total number of shares decreases, each shareholder receives a larger annual dividend. If the group increases its profits and its total dividend distribution, the reduction in the total number of shares further increases dividend growth. Shareholders expect a company that pays regular dividends to continue to do so. 2.3 Full agreement; Changing. This agreement, including its preamble and exhibits, as well as the other documents presented under this document, constitute complete and comprehensive understanding and understanding between the parties on these issues and issues and replace all previous agreements and agreements related to them. Neither this agreement nor any clause can be amended, annulled, unloaded or terminated, unless it is a written instrument signed by all parties. At the same time, share repurchases reduce shareholders` equity to balance sheet liabilities of the same amount. Investors who want to know how much a company has spent on share buybacks can find the information contained in their quarterly earnings reports. Goldman Sachs may conduct equity transactions (including sales and warranty activities and purchases) to manage its market engagement under the program. Goldman Sachs will provide all the information it has required by law with respect to these transactions.

A share buyback reduces the company`s total balance sheet, so that return on assets, return on equity and other ratios improves relative to non-share repurchases. The reduction in the number of shares means that earnings per share (EPS), revenue and cash flow are growing faster.