Common use of Deferral of a Portion of Underwriters’ Discount Clause in Contracts

Deferral of a Portion of Underwriters’ Discount. On the Closing Date, Mxxxxx Xxxxxx & Co. agrees to deposit into the Trust Fund a portion of the discount equal to $0.24 per Unit in the Offering (the “Deferred Fees”) until the earlier of the completion of a Business Combination or the liquidation of the Trust Fund. Upon the consummation of a Business Combination, Mxxxxx Xxxxxx & Co. shall promptly receive the Deferred Fees. In the event that the Company is unable to consummate a Business Combination and Corporate Stock Transfer, Inc., the trustee of the Trust Fund, commences liquidation of the Trust Fund, Mxxxxx Xxxxxx & Co. hereby agrees to the following: (i) to forfeit any rights or claims to the Deferred Fees; and (ii) that the Deferred Fees shall be distributed on a pro-rata basis among the holders of the shares of Common Stock included in the Units sold in the Offering along with any interest accrued thereon.

Deferral of a Portion of Underwriters’ Discount. On the Closing Date, Mxxxxx Xxxxxx Xxxxxx & Co. agrees to deposit into the Trust Fund a portion of the discount equal to $0.24 0.12 per Unit in the Offering (the “Deferred Fees”) until the earlier of the completion of a Business Combination or the liquidation of the Trust Fund. Upon the consummation of a Business Combination, Mxxxxx Xxxxxx Xxxxxx & Co. shall promptly receive the Deferred Fees. In the event that the Company is unable to consummate a Business Combination and Corporate American Stock Transfer, Inc.Transfer & Trust Company, the trustee of the Trust Fund, commences liquidation of the Trust Fund, Mxxxxx Xxxxxx Xxxxxx & Co. hereby agrees to the following: (i) to forfeit any rights or claims to the Deferred Fees; and (ii) that the Deferred Fees shall be distributed on a pro-rata basis among the holders of the shares of Common Stock included in the Units sold in the Offering along with any interest accrued thereon.

Deferral of a Portion of Underwriters’ Discount. On the Closing Date, Mxxxxx Xxxxxx Xxxxxx & Co. agrees to deposit into the Trust Fund a portion of the discount equal to $0.24 0.16 per Unit in the Offering (the “Deferred Fees”) until the earlier of the completion of a Business Combination or the liquidation of the Trust Fund. Upon the consummation of a Business Combination, Mxxxxx Xxxxxx Xxxxxx & Co. shall promptly receive the Deferred Fees. In the event that the Company is unable to consummate a Business Combination and Corporate American Stock Transfer, Inc.Transfer & Trust Company, the trustee of the Trust Fund, commences liquidation of the Trust Fund, Mxxxxx Xxxxxx Xxxxxx & Co. hereby agrees to the following: (i) to forfeit any rights or claims to the Deferred Fees; and (ii) that the Deferred Fees shall be distributed on a pro-rata basis among the holders of the shares of Common Stock included in the Units sold in the Offering along with any interest accrued thereon.