FEE REDUCTION AGREEMENT March 28, 2023Fee Reduction Agreement • April 19th, 2023 • Insight Acquisition Corp. /DE • Blank checks
WHEREAS, pursuant to the Underwriting Agreement between Insight Acquisition Corp. (the “Company”) and Cantor Fitzgerald & Co., as Representative of the several Underwriters (“Cantor”), dated as of September 1, 2021 (the “Underwriting Agreement”), the Company previously agreed to pay to the Underwriters an aggregate of $12,000,000 as “deferred underwriting commissions” (the “Deferred Fee”), a portion of which fee is payable to each Underwriter in proportion to their respective commitments pursuant to the Underwriting Agreement (of which $8,400,000 is payable to Cantor for its own account), upon the consummation of the Business Combination contemplated by the final prospectus of the Company, filed with the Securities and Exchange Commission (File No. 333-58727), and dated as of September 1, 2021.
