Services and Fees Clause Example from Business Contracts
This example Services and Fees clause appears in
6 contracts
from
5 companies
Services and Fees. (a) The Advisors will, from time to time, upon the Company's request and in consultation with the Company: (i) Assist the Company in arranging meetings with its stockholders to discuss one or more potential Business Combinations, including discussions of the applicable potential Target's attributes; (ii) Introduce the Company to potential investors to purchase the Company's securities in connection with the Business Combination; (iii) Provide financial advisory services to assist the Company in ...the Company's efforts to obtain any stockholder approval for one or more Business Combinations, until such time as the Company has completed an initial Business Combination; and (iv) Assist the Company with any press releases and/or filings related to the Business Combination or related Target (the activities described in the foregoing clauses (i)-(iv), the "Services"). Notwithstanding anything to the contrary contained herein, the Services to be provided for hereunder will not include any solicitation of potential investors in connection with the IPO or Business Combination. (b) As compensation for the Services, the Company will pay the Advisors a cash fee equal to, in the aggregate, 3.5% of the gross proceeds received by the Company from the sale of its equity securities pursuant to the Registration Statement during the IPO, including any proceeds from the full or partial exercise of the underwriters' over-allotment option described therein (the "Fee") with 2.25% of the 3.5% paid to Cantor and 1.25% of the 3.5% paid to Moelis. The Fee is due and payable to the Advisors by wire transfer at the closing of the initial Business Combination ("Closing"). If a proposed Business Combination is not consummated for any reason during the 24-month period beginning on the consummation of the IPO (as such period may be extended), no Fee shall be due or payable to the Advisors hereunder. The Fee shall be exclusive of any other fees which may become payable to the Advisors pursuant to any other agreement between the Advisors and the Company or the Target.View More
