Common use of Initial Business Transactions Clause in Contracts

Initial Business Transactions. The Company will not consummate an Initial Business Transaction with any entity which is affiliated with any Company Affiliate unless the Company obtains an opinion from an independent investment banking firm reasonably acceptable to the Representative that the Initial Business Transaction is fair to the Company’s shareholders from a financial perspective. No Company Affiliate shall receive any fees (other than reimbursement of ordinary and customary expenses incurred on behalf of the Company) in connection with the Initial Business Transaction; provided, however, for the avoidance of doubt, it is understood by the parties that certain of the Initial Shares shall be subject to forfeiture, at the sole discretion of the board of directors of the Company, based on the level of participation by the Initial Stockholders in consummating the Initial Business Transaction as described in the Registration Statement, the Statutory Prospectus and the Prospectus. Broadband Capital Management LLC.

Initial Business Transactions. The Company will not consummate an Initial Business Transaction with any entity which is affiliated with any Company Affiliate unless the Company obtains an opinion from an independent investment banking firm reasonably acceptable to the Representative that the Initial Business Transaction is fair to the Company’s shareholders from a financial perspective. No Company Affiliate shall receive any fees (other than reimbursement of ordinary and customary expenses incurred on behalf of the Company) in connection with the Initial Business Transaction; provided, however, for the avoidance of doubt, it is understood by the parties that certain of the Initial Shares shall be subject to forfeiture, at the sole discretion of the board of directors of the Company, based on the level of participation by the Initial Stockholders in consummating the Initial Business Transaction as described in the Registration Statement, the Statutory Prospectus and the Prospectus. Broadband Capital Management LLC.