Commitment Letter between Capitol Investment Corp. IV and Lender for Conditional Loan Funding
This agreement is a commitment letter in which an individual or entity agrees to provide additional loans to Capitol Investment Corp. IV if the company requests funds. The total loan amount is capped at a specified aggregate limit. If Capitol Investment Corp. IV does not complete a business combination as outlined in its 2017 prospectus, any outstanding loan amounts will be forgiven, except for funds the company has outside its IPO trust account. The agreement is intended to provide financial support under specific conditions.
Exhibit 10.1
May __, 2019
Capitol Investment Corp. IV
1300 17th Street, Suite 820
Arlington, VA 22209
This letter is to confirm the undersigned’s commitment that, if funds are needed by Capitol Investment Corp. IV (the “Company”) and upon request by the Company, the undersigned will provide additional loans of up to an aggregate of $_______ to the Company. The undersigned understands that if the Company does not consummate a business combination (as described in the Company's final prospectus, dated August 15, 2017), 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.
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