Common use of Detachability of Rights Clause in Contracts

Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the forty-fifth (45th) day after the date hereof unless the Representative informs the Company and the Rights Agent of its decision to allow earlier separate trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release announcing when such separate trading shall begin.

Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the fortyfifty-fifth second (45th52nd) day after the date hereof unless the Representative EX Xxxxxx informs the Company and the Rights Right Agent of its decision to allow earlier separate trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall begin.

Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the forty-fifth ninetieth (45th90th) day after the date hereof unless the Representative EarlyBirdCapital, Inc. informs the Company and the Rights Agent of its decision to allow earlier separate trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall begin.

Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the forty-fifth fifty second (45th52nd) day after the date hereof unless the Representative Maxim informs the Company and the Rights Agent of its decision to allow earlier separate trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall begin.

Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the fortyfifty-fifth two (45th52nd) day after the date hereof of the prospectus of the Public Offering unless the Representative Maxim informs the Company and the Rights Agent of its decision to allow earlier separate trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall begin.

Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the fortyfifty-fifth second (45th52nd) day after the date hereof unless the Representative Cxxxx and Company, LLC informs the Company and the Rights Agent of its decision to allow earlier separate trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall begin.

Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the fortyfifty-fifth second (45th52th) day after the date hereof unless the Representative informs the Company and the Rights Agent of its decision to allow earlier separate trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release announcing when such separate trading shall begin.

Detachability of Rights. The securities comprising the Units, including the Detachable Rights, will not be separately transferable until the fortyfifty-fifth second (45th52nd) day after the date hereof unless the Representative informs the Company and the Rights Right Agent of its decision to allow earlier separate trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall begin.

Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the fortyfifty-fifth second (45th52nd) day after the date hereof closing of the Public Offering unless the Representative A.G.P. informs the Company and the Rights Agent of its decision to allow earlier separate trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall begin.

Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the fortyfifty-fifth second (45th52nd) day after the date hereof unless the Representative Cantor Xxxxxxxxxx & Co. Inc. informs the Company and the Rights Agent of its decision to allow earlier separate trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall begin.

Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the fortyfifty-fifth second (45th52nd) day after the date hereof unless the Representative Mxxxx informs the Company and the Rights Right Agent of its decision to allow earlier separate trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues files a press release Current Report on Form 8-K announcing when such separate trading shall begin.

Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the fortyfifty-fifth second (45th52nd) day after following the date hereof of Registration Statement unless the Representative informs the Company and the Rights Agent of its decision to allow earlier separate trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereofof Registration Statement, and (ii) the Company issues a press release announcing when such separate trading shall begin.

Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until automatically separate and begin separate trading on the fortyfifty-fifth second (45th52nd) day after the date hereof unless the Representative informs Representatives inform the Company and the Rights Agent of its their decision to allow earlier separate trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release announcing when such separate trading shall begin.

Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the fortyfifty-fifth second (45th52nd) day after the date hereof unless the Representative EX Xxxxxx informs the Company and the Rights Agent of its decision to allow earlier separate trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall begin.

Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the fortyfifty-fifth second (45th52nd) day after the date hereof closing of the Public Offering unless the Representative informs the Company and the Rights Agent of its decision to allow earlier separate trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall begin.

Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the fortyfifty-fifth second (45th52nd) day after the date hereof unless the Representative Ladenburg informs the Company and the Rights Right Agent of its decision to allow earlier separate trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall begin.

Detachability of Rights. The securities comprising the Units, including the Public Rights, will not be separately transferable until the fortyfifty-fifth second (45th52nd) day after the date hereof unless the Representative XX Xxxxxx informs the Company and the Rights Agent of its decision to allow earlier separate trading, but in no event will separate trading of the securities comprising the Units begin until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on the date hereof, and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall begin.

Detachability of Rights. The securities comprising the Units, including the Rights, will not be separately transferable until the forty-fifth earlier to occur of: (45thi) the 90th day after following the date hereof unless of the Prospectus or (ii) the announcement by the Representative informs the Company and the Rights Agent of its decision intention to allow separate earlier separate trading, but except that in no event will separate trading of the securities comprising the Units begin be separately tradeable until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on by the date hereof, thereof and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall begin.

Detachability of Rights. The securities comprising the Units, including the Public Rights, will not be separately transferable until the forty-fifth earlier to occur of: (45thi) the 90th day after following the date hereof unless of the Prospectus or (ii) the announcement by the Representative informs the Company and the Rights Agent of its decision intention to allow separate earlier separate trading, but except that in no event will separate trading of the securities comprising the Units begin be separately tradeable until (i) the Company files a Current Report on Form 8-K which includes an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Public Offering including the proceeds received by the Company from the exercise of the over-allotment option, if the over-allotment option is exercised on by the date hereof, thereof and (ii) the Company issues a press release and files a Current Report on Form 8-K announcing when such separate trading shall begin.