Common use of Payment of Deferred Underwriting Commission on Business Combination Clause in Contracts

Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Representative, in accordance with Section 1.3. Notwithstanding anything to the contrary herein, up to 25% of the Deferred Underwriting Commission (or $1,093,750 or $1,257,812.5 if the over-allotment option is exercised in full) may be paid at the sole discretion of the Company’s management to the Underwriters in allocations determined by the Company’s management and/or to third parties not participating as Underwriters in this Offering that assist the Company in consummating its initial Business Combination.

Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Representative, in accordance with Section 1.3. Notwithstanding anything to the contrary herein, up to 2540% of the Deferred Underwriting Commission (or $1,093,750 2,800,000 or $1,257,812.5 3,220,000 if the over-allotment option is exercised in full) may be paid at the sole discretion of the Company’s management to the Underwriters in allocations determined by the Company’s management and/or to third parties not participating as Underwriters in this Offering that assist the Company in consummating its initial Business Combination.

Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Representative, in accordance with Section 1.3. Notwithstanding anything to the contrary herein, up to 2550% of the Deferred Underwriting Commission (or $1,093,750 2,100,000 or $1,257,812.5 2,415,000 if the over-allotment option is exercised in full) may be paid at the sole discretion of the Company’s management to the Underwriters in allocations determined by the Company’s management and/or to third parties not participating as Underwriters in this Offering that assist the Company in consummating its initial Business Combination.

Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the RepresentativeRepresentatives, in accordance with Section 1.3. Notwithstanding anything to the contrary herein, up to 2550% of the Deferred Underwriting Commission (or $1,093,750 3,500,000 or $1,257,812.5 4,025,000 if the over-allotment option is exercised in full) may be paid at the sole discretion of the Company’s management to the Underwriters in allocations determined by the Company’s management and/or to third parties not participating as Underwriters in this Offering that assist the Company in consummating its initial Business Combination.

Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Representative, in accordance with Section 1.3. Notwithstanding anything to the contrary herein, up to 25% of the Deferred Underwriting Commission Discount (or $1,093,750 2,187,500, or $1,257,812.5 2,515,625 if the over-allotment option is exercised in full) may be paid at the sole discretion of the Company’s management to the Underwriters in allocations determined by the Company’s management and/or to third parties not participating as Underwriters in this Offering that assist the Company in consummating its initial Business Combination.

Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the RepresentativeRepresentatives, in accordance with Section 1.3. Notwithstanding anything to the contrary herein, up to 2550% of the Deferred Underwriting Commission (or $1,093,750 3,150,000 or $1,257,812.5 3,622,500 if the over-allotment option is exercised in full) may be paid at the sole discretion of the Company’s management to the Underwriters in allocations determined by the Company’s management and/or to third parties not participating as Underwriters in this Offering that assist the Company in consummating its initial Business Combination.