Services and Fees Clause Example from Business Contracts

Services and Fees. (a) The Advisors will, if requested by the Company: (i) Assist the Company in the transaction structuring and negotiation of a definitive purchase agreement with respect to the Business Combination; (ii) Hold meetings with Company shareholders to discuss the Business Combination and the Target's attributes; (iii) Introduce the Company to potential investors to purchase the Company's securities in connection with the Business Combination; (iv) Assist the Company in trying to obtain shareholder ap...proval for the Business Combination, including assistance with the Company's proxy statement or tender offer materials; and (v) Assist the Company with relevant financial analysis, presentations, press releases and filings related to the Business Combination or the Target. (b) As compensation for the foregoing services, the Company will pay the Advisors a cash fee of equal to, in the aggregate, of 3.5% of the gross proceeds received by the Company in the IPO ("Fee"). The Fee shall be payable in cash and is due and payable to the Advisors by wire transfer at the closing of the Business Combination ("Closing") from the Trust Account (defined below). If a proposed Business Combination is not consummated for any reason, no Fee shall be due or payable to the Advisors hereunder. The Fee shall be exclusive of any finder's fees which may become payable to the Advisors pursuant to any subsequent agreement between either of the Advisors and the Company or the Target. View More