Common use of Compensation to Insiders Clause in Contracts

Compensation to Insiders. Except as disclosed in the Prospectus, the Company shall not pay any of the Insiders or any of their affiliates any fees or compensation from the Company, for services rendered to the Company prior to, or in connection with, the consummation of a Business Combination; provided, however, that such Insiders and their affiliates (i) may receive reimbursement for out-of-pocket expenses incurred by them in connection with activities on the Company’s behalf related to identifying, investigating, negotiating and completing an initial Business Combination, (ii) may be repaid loans, and (iii) may receive payments out of working capital in connection with the provision of services to the Company, in the case of both (i) and (ii) as described in the Registration Statement, the Pricing Disclosure Package and the Prospectus, none of which payments described in (i), (ii) or (iii) will be made from the proceeds held in the Trust Account prior to completion of the initial Business Combination, except to the extent that proceeds from the Trust Account have been released to the Company to fund its working capital requirements in accordance with the provisions of Section 1.6 hereof.