Common use of Deferred Discounts and Commissions Clause in Contracts

Deferred Discounts and Commissions. The Underwriters agree that $0.38 in deferred discounts and commissions that would otherwise have been payable to the Underwriters shall be contributed to the Trust Account for each Initial Unit and Option Unit sold, for a total of $5,700,000 of the proceeds received by the Company for the Initial Units, or $6,555,000 if the Underwriters’ over-allotment option is exercised in full pursuant to Section 2(b) of this Agreement, such deferred discounts and commissions to be held in the Trust Account until the earlier of the completion of the Business Combination or the liquidation of the Trust Account. The Underwriters’ deferred discounts and commissions (less $0.38 for each share of Common Stock which has previously or at that time been properly converted by our public stockholders in accordance with their rights as described in the Prospectus, which shall be forfeited) shall be released from the Trust Account to the Underwriters upon consummation by the Company of the Business Combination. If the Company is unable to consummate the Business Combination and the Company dissolves and the Trust Account liquidates, (i) the Underwriters will forfeit any rights or claims to the deferred discounts and commissions and (ii) the deferred discounts and commissions shall be distributed on a pro rata basis among the public stockholders of the Company along with any remaining interest thereon as described in the Prospectus.

Deferred Discounts and Commissions. The Underwriters agree that $0.38 in deferred discounts and commissions that would otherwise have been payable to the Underwriters shall be contributed to the Trust Account for each Initial Unit and Option Unit sold, for a total of $5,700,000 4,750,000 of the proceeds received by the Company for the Initial Units, or $6,555,000 5,462,500 if the Underwriters’ over-allotment option is exercised in full pursuant to Section 2(b) of this Agreement, such deferred discounts and commissions to be held in the Trust Account until the earlier of the completion of the Business Combination or the liquidation of the Trust Account. The Underwriters’ deferred discounts and commissions (less $0.38 for each share of Common Stock which has previously or at that time been properly converted by our public stockholders in accordance with their rights as described in the Prospectus, which shall be forfeited) shall be released from the Trust Account to the Underwriters upon consummation by the Company of the Business Combination. If the Company is unable to consummate the Business Combination and the Company dissolves and the Trust Account liquidates, (i) the Underwriters will forfeit any rights or claims to the deferred discounts and commissions and (ii) the deferred discounts and commissions shall be distributed on a pro rata basis among the public stockholders of the Company along with any remaining interest thereon as described in the Prospectus.

Deferred Discounts and Commissions. The Underwriters agree that to contribute $0.38 _____ in deferred discounts and commissions that would otherwise have been payable to the Underwriters shall be contributed to the Trust Account for each Initial Unit and Option Unit sold, for a total of $5,700,000 __________ of the proceeds received by the Company for the Initial Units, or $6,555,000 __________ if the Underwriters’ over-allotment option is exercised in full pursuant to Section 2(b) of this Agreement, such deferred discounts and commissions to be held in the Trust Account until the earlier of the completion of the Initial Business Combination or the liquidation of the Trust Account. The Underwriters’ deferred discounts and commissions (less $0.38 for each share of Common Stock which has previously or at that time been properly converted by our amounts distributed to public stockholders in accordance with who have exercised their rights conversion rights, as described in the Prospectus, which shall be forfeited) commissions shall be released from the Trust Account to the Underwriters upon consummation by the Company of the Initial Business Combination. If the Company is unable to consummate the Initial Business Combination and the Company dissolves and the Trust Account liquidates, (i) the Underwriters will forfeit any rights or claims to the deferred discounts and commissions and (ii) the deferred discounts and commissions shall be distributed on a pro rata basis among the public stockholders of the Company along with any remaining interest thereon as described in the Prospectus.

Deferred Discounts and Commissions. The Underwriters agree that to contribute $0.38 [____] in deferred discounts and commissions that would otherwise have been payable to the Underwriters shall be contributed to the Trust Account for each Initial Unit and Option Unit sold, for a total of $5,700,000 [________] of the proceeds received by the Company for the Initial Units, or $6,555,000 [_______] if the Underwriters’ over-allotment option is exercised in full pursuant to Section 2(b) of this Agreement, such deferred discounts and commissions to be held in the Trust Account until the earlier of the completion of the Initial Business Combination or the liquidation of the Trust Account. The Underwriters’ deferred discounts and commissions (less $0.38 for each share of Common Stock which has previously or at that time been properly converted by our amounts distributed to public stockholders in accordance with who have exercised their rights conversion rights, as described in the Prospectus, which shall be forfeited) shall be released from the Trust Account to the Underwriters upon consummation by the Company of the Initial Business Combination. If the Company is unable to consummate the Initial Business Combination and the Company dissolves and the Trust Account liquidates, (i) the Underwriters will forfeit any rights or claims to the deferred discounts and commissions and (ii) the deferred discounts and commissions shall be distributed on a pro rata basis among the public stockholders of the Company along with any remaining interest thereon as described in the Prospectus.

Deferred Discounts and Commissions. The Underwriters agree that to contribute $0.38 [_________________] in deferred discounts and commissions that would otherwise have been payable to the Underwriters shall be contributed to the Trust Account for each Initial Unit and Option Unit sold, for a total of $5,700,000 [_______________] of the proceeds received by the Company for the Initial Units, or $6,555,000 [_______________] if the Underwriters’ over-allotment option is exercised in full pursuant to Section 2(b) of this Agreement, such deferred discounts and commissions to be held in the Trust Account until the earlier of the completion of the Initial Business Combination or the liquidation of the Trust Account. The Underwriters’ deferred discounts and commissions (less $0.38 for each share of Common Stock which has previously or at that time been properly converted by our amounts distributed to public stockholders in accordance with who have exercised their rights conversion rights, as described in the Prospectus, which shall be forfeited) commissions shall be released from the Trust Account to the Underwriters upon consummation by the Company of the Initial Business Combination. If the Company is unable to consummate the Initial Business Combination and the Company dissolves and the Trust Account liquidates, (i) the Underwriters will forfeit any rights or claims to the deferred discounts and commissions and (ii) the deferred discounts and commissions shall be distributed on a pro rata basis among the public stockholders of the Company along with any remaining interest thereon as described in the Prospectus.