Common use of Option Unit Deferred Fee Clause in Contracts

Option Unit Deferred Fee. Subject to Section 1.3 below, the Company hereby agrees to pay to the Underwriters a deferred underwriting commission of $0.35 per unit of the Option Units purchased hereunder (the “Option Unit Deferred Fee” and, together with the Firm Unit Deferred Fee, the “Deferred Fee”), which Option Unit Deferred Fee will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives, on behalf of the Underwriters, upon consummation of the Business Combination in consideration for the Underwriters using their commercially reasonable efforts to provide the Company with the Business Combination Marketing Services. The Underwriters hereby agree that if no Business Combination is consummated within the time period provide in the Trust Agreement and the funds held under the Trust Agreement are distributed to the Public Stockholders (i) the Underwriters will forfeit any rights or claims to the Option Unit Deferred Fee and (ii) CST&T, as trustee under the Trust Agreement, is authorized to distribute the Option Unit Deferred Fee to the Public Stockholders on a pro rata basis.

Option Unit Deferred Fee. Subject to Section 1.3 below, the Company hereby agrees to pay to the Underwriters a deferred underwriting commission discount of $0.35 per unit of the Option Units purchased hereunder (the “Option Unit Deferred Fee” and, together with the Firm Unit Deferred Fee, the “Deferred Fee”), which Option Unit Deferred Fee will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives, on behalf of the Underwriters, upon consummation of the Business Combination in consideration for the Underwriters using their commercially reasonable efforts to provide the Company with the Business Combination Marketing Services. The Underwriters hereby agree that if no Business Combination is consummated within the time period provide in the Trust Agreement and the funds held under the Trust Agreement are distributed to the Public Stockholders (i) the Underwriters will forfeit any rights or claims to the Option Unit Deferred Fee and (ii) CST&T, as trustee under the Trust Agreement, is authorized to distribute the Option Unit Deferred Fee to the Public Stockholders on a pro rata basis.

Option Unit Deferred Fee. Subject to Section 1.3 below, the Company hereby agrees to pay to the Underwriters a deferred underwriting commission fee of $0.35 0.40 per unit of the Option Units purchased hereunder (the “Option Unit Deferred Fee” and, together with the Firm Unit Deferred Fee, the “Deferred Fee”), which Option Unit Deferred Fee will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives, on behalf of the Underwriters, upon consummation of the Business Combination in consideration for the Underwriters using their commercially reasonable efforts to provide the Company with the Business Combination Marketing Services. The Underwriters hereby agree that if no Business Combination is consummated within the time period provide provided in the Trust Agreement and the funds held under the Trust Agreement are distributed to the Public Stockholders (i) the Underwriters will forfeit any rights or claims to the Option Unit Deferred Fee and (ii) CST&T, as trustee under the Trust Agreement, is authorized to distribute the Option Unit Deferred Fee to the Public Stockholders on a pro rata basis.

Option Unit Deferred Fee. Subject to Section 1.3 below, the Company hereby agrees to pay to the Underwriters a deferred underwriting commission discount of $0.35 0.40 per unit of the Option Units purchased hereunder (the “Option Unit Deferred Fee” and, together with the Firm Unit Deferred Fee, the “Deferred Fee”), which Option Unit Deferred Fee will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives, on behalf of the Underwriters, upon consummation of the Business Combination in consideration for the Underwriters using their commercially reasonable efforts to provide the Company with the Business Combination Marketing Services. The Underwriters hereby agree that if no Business Combination is consummated within the time period provide in the Trust Agreement and the funds held under the Trust Agreement are distributed to the Public Stockholders (i) the Underwriters will forfeit any rights or claims to the Option Unit Deferred Fee and (ii) CST&T, as trustee under the Trust Agreement, is authorized to distribute the Option Unit Deferred Fee to the Public Stockholders on a pro rata basis.

Option Unit Deferred Fee. Subject to Section 1.3 below, the Company hereby agrees to pay to the Underwriters a deferred underwriting commission fee of $0.35 per unit of the Option Units purchased hereunder (the “Option Unit Deferred Fee” and, together with the Firm Unit Deferred Fee, the “Deferred Fee”), which Option Unit Deferred Fee will be deposited and held in the Trust Account and payable directly from the Trust Account, without accrued interest, to the Representatives, on behalf of the Underwriters, upon consummation of the Business Combination in consideration for the Underwriters using their commercially reasonable efforts to provide the Company with the Business Combination Marketing Services. The Underwriters hereby agree that if no Business Combination is consummated within the time period provide provided in the Trust Agreement and the funds held under the Trust Agreement are distributed to the Public Stockholders (i) the Underwriters will forfeit any rights or claims to the Option Unit Deferred Fee and (ii) CST&T, as trustee under the Trust Agreement, is authorized to distribute the Option Unit Deferred Fee to the Public Stockholders on a pro rata basis.