Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Underwriters, in accordance with Section 1.3.
Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Representative, in accordance with Section 1.3. Notwithstanding anything to the contrary herein, up to 50% of the Deferred Underwriting Commission (or $2,100,000 or $2,415,000 if the over-allotment option is exercised in full) may be paid at the sole discretion of the Company’s management to the Underwriters in allocations determined by the Company’s management and/or to third parties not participating as Underwriters in this Offering that assist the Company in consummating its initial Business Combination.
Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of a Business Combination, the Company agrees that it will cause CST to pay the Deferred Underwriting Commission directly from the Trust Account to the Representative, in accordance with Section 1.2.3 hereof.
Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Representative, in accordance with Section 1.5. Northland Securities, Inc.______, 2021Page 28 of 45
Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Representative Shares to be issued and cause the Representative Shares to be added to the Registration Rights Agreement, each in accordance with Section 1.3.”
Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Representative, in accordance with Section 1.3. The Representative shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Underwriting Commission. Notwithstanding anything to the contrary herein, up to 30% of the Deferred Underwriting Commission ($2,310,000 or $2,656,500 if the over-allotment option is exercised in full) may be paid at the sole discretion of the Company to third parties not participating in this offering (but who are members of FINRA) that assist the Company in consummating the initial business combination..
Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of a Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account (or from the Company for any payment to be made after the consummation of the Business Combination) to Maxim, in accordance with Section 1.3.” Maxim agrees to enter into any such amendment to the Investment Management Trust Agreement as may be required to effectuate the intent of this letter. Except as provided herein, the Agreement shall remain in full force and effect. Sincerely XXXXXXX VANTAGE CORP. I By: /s/ Xxxxxxx Xxx Title: Chief Executive Officer ACCEPTED AND AGREED: MAXIM GROUP LLC, as Representative of the Underwriters By: /s/ Xxxxxxxx Xxxxxx Title: Head of Banking
Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the cash portion of the Deferred Underwriting Commission directly from the Trust Account to the Representative and deliver the Common Stock portion of the Deferred Underwriting Commission to Cantor in book entry form, in each case, in accordance with Section 1.3. Any such Common Stock shall be registered in such name or names as Cantor may request in writing at least two (2) full Business Days prior to the consummation of the initial Business Combination.”
Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Representative, in accordance with Section 1.3. The Representative shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Underwriting Commission.” The Company and the Representative agree that any reference in the Underwriting Agreement to the amount owed for the Deferred Underwriting Commission that is inconsistent with the provisions of Section 1.3, as amended by this Agreement, shall be deemed amended, effective and conditioned upon the consummation of the Spectral Business Combination, to be consistent with the provisions of Section 1.3, as amended by this Agreement. Reference is hereby made to that certain letter agreement between BTIG and Rosecliff Venture Management, LLC, entered into in October 2020 in connection with the initial public offering of the Company (the “2020 Engagement Letter”). The Company and the Representative hereby agree that, in connection with the Spectral Business Combination, notwithstanding the last sentence of Section 2 of the 2020 Engagement Letter or any other agreement between the parties to the contrary, One Hundred Percent (100%) of the Deferred Underwriting Commission shall be paid to the Representative (on behalf of the Underwriters). Except as modified by this Agreement, the Underwriting Agreement shall otherwise remain in full force and effect. The Company agrees that neither this Agreement nor the terms of this Agreement may be disclosed to any third party (other than Spectral), their respective legal advisors, auditors and accountants and the Company’s legal advisors, auditors and accountants, each of which the Company shall cause to keep this Agreement and/or the terms of this Agreement confidential in accordance with the terms of this Agreement) or circulated or referred to publicly without the prior written consent of the Representative. Notwithstanding the foregoing, the Company and Spectral shall be permitted to disclose this Agreement and/or the terms of this Agreement as required by applicable law or regulation, including in response to a request or comment from the Securities and Exchange Commission (the “SEC”), and including in connection with the Company’s financial statements and pro forma financial statements required to b...
Payment of Deferred Underwriting Commission on Business Combination. Upon the consummation of the Company’s initial Business Combination, the Company agrees that it will cause the Trustee to pay the Deferred Underwriting Commission directly from the Trust Account to the Representative, in accordance with Section 1.3. Notwithstanding anything to the contrary herein, up to 30% of the Deferred Underwriting Commission ($2,100,000, or $2,415,000 if the over-allotment option is exercised in full) may be paid at the sole discretion of the Company to third parties not participating in this offering (but who are members of FINRA) that assist the Company in consummating the initial business combination..
