Common use of RIGHT OF FIRST REFUSALS Clause in Contracts

RIGHT OF FIRST REFUSALS. 3.30.1. The Representative is hereby granted a right of first refusal for a period commencing on the consummation of this Offering and continuing until the consummation of an initial Business Combination (or the liquidation of the Trust Account in the event that the Company fails to consummate an initial Business Combination within the prescribed time period) to act as book running manager, placement agent and/or arranger for all financings where the Company seeks to raise equity, equity-linked, debt or mezzanine financings relating to or in connection with a Business Combination and to receive at least 35% of the aggregate gross spread or fees from any and all such financings (such gross spread or fees in any and all such financings to be mutually determined in good faith by the Company and the Representative and based on the prevailing market for similar transactions). 3.30.2. The Representative is hereby granted, for a period commencing on the consummation of this Offering and continuing until one year from the closing of the Business Combination, the right to act as lead underwriter for the next similar technology industry focused SPAC, or more broadly any U.S. registered public offering of securities for the purpose of raising capital and placing 90% or more of the proceeds in a trust or escrow account to be used to acquire one or more operating businesses that have not been identified at the time of the public offering, undertaken by any officer of the Company that either (i) includes any one or more of Messrs. Ball, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ or Pai, or which (ii) has “Archimedes” in its corporate name. The terms of such offering shall be mutually determined in good faith by the applicable officer of the Company and the Representative and will be based on the prevailing market for similar offerings.