Common use of Warrant Solicitation Fee Clause in Contracts

Warrant Solicitation Fee. The Company hereby engages Chardan, on an exclusive basis, as its agent for the solicitation of the exercise of the Warrants. The Company will (i) assist Chardan with respect to such solicitation, if requested by Chardan, and (ii) at Chardan’s request, provide Chardan, and direct the Company’s transfer and warrant agent to provide to Chardan, at the Company’s cost, lists of the record and, to the extent known, beneficial owners of, the Warrants. The Company will pay Chardan a commission of five percent (5%) of the exercise price of the each Warrant exercised during the period commencing on the later of thirty days after the consummation of a Business Combination and twelve months after the consummation of the Offering, including Warrants acquired by security holders in the open market, but excluding Warrants exercised in connection with a Force-Call Redemption. Notwithstanding the foregoing, Chardan shall only receive a fee specified in this Section 3.31 if permitted under FINRA rules and regulations. Chardan may engage sub-agents in its solicitation efforts. The Company agrees to disclose the arrangement to pay such solicitation fees to Chardan in any prospectus used by the Company in connection with the registration of the Ordinary Shares underlying the Warrants.

Warrant Solicitation Fee. The Company hereby engages Chardan, on an a non-exclusive basis, as its agent for the solicitation of the exercise of the Warrants. The Company will (i) assist Chardan with respect to such solicitation, if requested by Chardan, and (ii) at Chardan’s request, provide Chardan, and direct the Company’s transfer and warrant agent to provide to Chardan, at the Company’s cost, lists of the record and, to the extent known, beneficial owners of, the Warrants. The Commencing one year from the Business Combination, the Company will pay Chardan a commission of five percent (5%) of the exercise price of the each Warrant exercised during the period commencing on the later of thirty days after the consummation of a Business Combination and twelve months after the consummation closing of the OfferingBusiness Combination, including Warrants acquired by security holders securityholders in the open market, but excluding Warrants exercised in connection with during the 30-day period following notice of a Force-Call Redemptionproposed redemption. Notwithstanding the foregoing, Chardan shall only receive a fee specified in this Section 3.31 3.33 if permitted under FINRA rules and regulationsregulations and only to the extent that an investor who exercises Warrants indicates in writing that Chardan solicited the exercise. Chardan may engage sub-agents in its solicitation efforts. The Company agrees to disclose the arrangement to pay such solicitation fees to Chardan in any prospectus used by the Company in connection with the registration of the Ordinary Shares shares of Common Stock underlying the Warrants.