Common use of Deferred Discounts and Commissions Clause in Contracts

Deferred Discounts and Commissions. The Underwriters agree to contribute $0.16 in deferred discounts and commissions to the Trust Account for each Initial Unit and Option Unit sold, for a total of $2,400,000 of the proceeds received by the Company for the Initial Units, or $2,760,000 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 (less amounts distributed to public stockholders who have exercised their conversion rights, as described in the Prospectus) 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 stockholders of the Company along with any remaining interest thereon as described in the Prospectus.

Deferred Discounts and Commissions. The Underwriters agree to contribute $0.16 0.32 in deferred discounts and commissions to the Trust Account for each Initial Unit and Option Unit sold, for a total of $2,400,000 6,000,000 of the proceeds received by the Company for the Initial Units, or $2,760,000 6,900,000 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 (less amounts distributed to public stockholders who have exercised their conversion rights, as described in the Prospectus) 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 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 stockholders of the Company along with any remaining interest thereon as described in the Prospectus.

Deferred Discounts and Commissions. The Underwriters agree to contribute $0.16 0.324 in deferred discounts and commissions to the Trust Account for each Initial Unit and Option Unit sold, for a total of $2,400,000 5,400,000 of the proceeds received by the Company for the Initial Units, or $2,760,000 6,210,000 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 a Business Combination or the liquidation of the Trust Account. The Underwriters’ deferred discounts and commissions (less amounts distributed to public stockholders who have exercised their conversion rights, as described in the Prospectus) commissions shall be released from the Trust Account to the Underwriters upon consummation by the Company of the Initial a Business Combination. If the Company is unable to consummate the Initial a 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 stockholders of the Company along with any remaining interest thereon as described in the Prospectus.

Deferred Discounts and Commissions. The Underwriters agree to contribute $0.16 0.32 in deferred discounts and commissions to the Trust Account for each Initial Unit and Option Unit sold, for a total of $2,400,000 6,000,000 of the proceeds received by the Company for the Initial Units, or $2,760,000 6,900,000 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 amounts distributed to public stockholders who have exercised their conversion rights, as described in the Prospectus) 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 stockholders of the Company along with any remaining interest thereon as described in the Prospectus.