Common use of Operating and Other Expenses Clause in Contracts

Operating and Other Expenses. During the period prior to the Company’s Initial Business Combination, the Company may instruct the Account Agent to release to the Company from the Trust Account in accordance with the Trust Agreement (i) the interest income earned on the amounts held in the Trust Account to pay any tax obligations, and (ii) up to an aggregate of $4,000,0002 of interest income earned on the amounts held in the Trust Account for working capital purposes as described in the “Use of Proceeds” section of the Registration Statement, the Statutory Prospectus and the Prospectus. Any interest income earned on the amounts held in the Trust Account not so released to the Company, as applicable, will remain in the Trust Account until the earlier of the consummation of the Company’s Initial Business Combination or the Liquidation.

Operating and Other Expenses. During the period prior to the Company’s Initial Business Combination, the Company may instruct the Account Agent Trustee to release to the Company from the Trust Account in accordance with the Trust Agreement (i1) the interest income earned on the amounts held in the Trust Account to pay any tax obligations, and (ii2) up to an aggregate of $4,000,0002 4,500,0002 of interest income earned on the amounts held in the Trust Account (after appropriate reserve for payment of taxes) for working capital purposes as described in the “Use of Proceeds” section of the Registration Statement, the Statutory Prospectus and the Prospectus. Any interest income earned on the amounts held in the Trust Account not so released to the Company, as applicable, will remain in the Trust Account until the earlier of the consummation of the Company’s Initial Business Combination or the Liquidation.