FEE REDUCTION AGREEMENTFee Reduction Agreement • March 28th, 2024 • IX Acquisition Corp. • Blank checks
Whereas, pursuant to the Underwriting Agreement between IX Acquisition Corp. (the “Company”) and Cantor Fitzgerald & Co. (“Cantor”) as Representative of the Underwriters (such Underwriters being Cantor and Odeon Capital Group LLC (“Odeon”)), dated as of October 6, 2021 (the “Underwriting Agreement”), the Company previously agreed to pay to the Underwriters an aggregate of $12,100,000 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, upon the consummation of a business combination contemplated by the final prospectus of the Company, filed with the Securities and Exchange Commission (File No. 333-259567), and dated as of October 6, 2021.
