Common use of Backstop Fee Clause in Contracts

Backstop Fee. In exchange and consideration for the Guarantor’s Backstop Commitment, Sponsor shall transfer 1,000,000 Sponsor Warrants to the Guarantor and 1,000,000 Sponsor Warrants to PRIMARY metaverse d.o.o., Trg žrtava fašizma 1, Zagreb, Croatia, Company ID number 70639041012 upon and immediately following the Closing (as such term is defined in the BCA) pursuant to two respective warrant transfer agreements. For purposes hereof, the term “