Services and Fees Clause Example from Business Contracts

Services and Fees. (a) The Advisor will perform those services, in accordance with its customary practices, in connection with a Business Combination as it customarily performs in connection with similar transactions as may be reasonably requested by the Company, including without limitation: (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 Combinati...on and the Target's attributes; (iii) Introduce the Company to potential investors who might purchase the Company's securities in connection with the Business Combination; and (iv) 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 Advisor a cash fee equal to 3.5% of the gross proceeds received by the Company in the IPO ("Fee"); provided, that, in the Company's sole discretion, up to 25% of the Fee may be paid to other FINRA members that assist the Company in consummating a Business Combination. (c) The Fee shall be payable in cash and is due and payable to the Advisor 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 Advisor hereunder. The Fee shall be exclusive of any finder's fees which may become payable to the Advisor pursuant to any subsequent agreement between the Advisor and the Company or the Target. View More