Letter Agreement for Loan Commitment between Capitol Acquisition Corp. III, Mark D. Ein, and L. Dyson Dryden (May 9, 2016)
This agreement confirms that Mark D. Ein and L. Dyson Dryden will provide loans to Capitol Acquisition Corp. III, up to a total of $745,000, if needed and requested by the company before it completes its initial business combination. If the company does not complete the business combination, the loans will be forgiven unless the company has funds available outside its trust account.
Exhibit 10.1
May 9, 2016
Capitol Acquisition Corp. III
509 7th Street, N.W.
Washington, D.C. 20004
This letter is to confirm the undersigned’s commitment to Capitol Acquisition Corp. III (the “Company”) that, through the consummation of the Company’s initial business combination (as described in the Company’s final prospectus, dated October 13, 2015), if funds are needed by the Company and upon request by the Company, Mark. D. Ein and L. Dyson Dryden will provide loans of up to $558,750 and 186,250, respectively, to the Company for an aggregate amount of up to $745,000. Each of the undersigned understands that if the Company does not consummate a business combination, all amounts loaned to the Company hereunder will be forgiven except to the extent that the Company has funds available to it outside of its trust account established in connection with the Company’s initial public offering.
| /s/ Mark D. Ein | |
| Mark D. Ein | |
| /s/ L. Dyson Dryden | |
| L. Dyson Dryden |
