Common use of Fee on Business Combination Clause in Contracts

Fee on Business Combination. Upon consummation of a Business Combination, the Company further agrees that in addition to the expenses payable pursuant to Sections 3.13.1 and 3.13.2, it will pay to the Representative an additional underwriting commission equal to two percent (2%) of the gross proceeds received by the Company from the sale of the Firm Units and the Option Units, if any.

Fee on Business Combination. Upon consummation of a Business Combination, the Company further agrees that in addition to the expenses payable pursuant to Sections 3.13.1 and 3.13.2, it will pay to the Representative an additional underwriting commission equal to two one percent (21%) of the gross proceeds received by the Company from the sale of the Firm Units and the Option Units, if any.