Exhibit 107

Calculation of Filing Fee

Exhibit 107

S-1

Pono Capital Two, Inc.

Table 1: Newly Registered and Carry Forward Securities

Security Type

Security Class Title

Fee Calculation or Carry Forward Rule

Amount Registered

Proposed Maximum Offering Price Per Unit (1)

Maximum Aggregate Offering Price (1)

Fee Rate

Amount of Registration Fee

Carry Forward Form Type

Carry Forward File Number

Carry Forward Initial effective date

Filing Fee Previously Paid In Connection with Unsold Securities to be Carried Forward

Newly Registered Securities

Fees to Be Paid

Equity

Units, each consisting of one share of Class A common stock, $0.0001 par value, and one redeemable warrant (2)

N/A

11,500,000 units

$

10.00

$

115,000,000

$

92.70 per million

$

10,661

Equity

Shares of Class A common stock included as part of the units (3)

N/A

11,500,000 Shares

-

-

-

(4)

Equity

Redeemable warrants included as part of the units (3)

11,500,000 Warrants

-

-

-

(4)

Equity

Representative Shares

57,500 Shares

$

10.00

$

575,000

$

92.70 per million

$

54.00

Carry Forward Securities

Carry Forward Securities

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

Total Offering Amounts

115,575,000

$

10,713.80

Total Fees Previously Paid

Total Fee Offsets

N/A

Net Fee Due

$

10,713.80

(1)	Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(o) under the Securities Act of 1933, as amended (the “Securities Act”).
(2)	Includes 1,500,000 units, consisting of 1,500,000 shares of Class A common stock and 1,500,000 redeemable warrants, which may be issued upon exercise of a 45-day option granted to the underwriters to cover over-allotments, if any.
(3)	Pursuant to Rule 416 under the Securities Act, there are also being registered an indeterminable number of additional securities as may be Issued to prevent dilution resulting from stock splits, stock dividends or similar transactions.
(4)	No fee pursuant to Rule 457(g) under the Securities Act.
(5)	Calculated pursuant to Rule 457(g) under the Securities Act, based on the exercise price of the warrants.