Common use of Failure of Underwriters to Exercise Over-allotment Option in Full Clause in Contracts

Failure of Underwriters to Exercise Over-allotment Option in Full. On a date that is within the five-day period following the date that is 30 days after the date of the Underwriting Agreement between the Company and Banc of America Securities LLC (the “Underwriting Agreement”) or, if earlier, the date Banc of America Securities LLC terminates its Over-allotment Option (as defined in the Underwriting Agreement) pursuant to the terms of the Underwriting Agreement, Subscriber will forfeit to the Company, and the Company shall accept from the undersigned, at no cost, the number of shares of Common Stock determined by multiplying (a) 1,875 Shares by (b) a fraction, (i) the numerator of which is 3,000,000 minus the number of shares of Common Stock purchased by the Underwriter upon the exercise of its Over-allotment Option, and (ii) the denominator of which is 3,000,000.

Failure of Underwriters to Exercise Over-allotment Option in Full. On a date that is within the five-day period following the date that is 30 days after the date of the Underwriting Agreement between the Company and Banc of America Securities LLC (the “Underwriting Agreement”) or, if earlier, the date Banc of America Securities LLC terminates its Over-allotment Option (as defined in the Underwriting Agreement) pursuant to the terms of the Underwriting Agreement, Subscriber will forfeit to the Company, and the Company shall accept from the undersigned, at no cost, the number of shares of Common Stock determined by multiplying (a) 1,875 678,750 Shares by (b) a fraction, (i) the numerator of which is 3,000,000 minus the number of shares of Common Stock purchased by the Underwriter upon the exercise of its Over-allotment Option, and (ii) the denominator of which is 3,000,000.

Failure of Underwriters to Exercise Over-allotment Option in Full. On a date that is within the five-day period following the date that is 30 days after the date of the Underwriting Agreement between the Company and Banc of America Securities LLC (the “Underwriting Agreement”) or, if earlier, the date Banc of America Securities LLC terminates its Over-allotment Option (as defined in the Underwriting Agreement) pursuant to the terms of the Underwriting Agreement, Subscriber will forfeit to the Company, and the Company shall accept from the undersigned, at no cost, the number of shares of Common Stock determined by multiplying (a) 1,875 15,000 Shares by (b) a fraction, (i) the numerator of which is 3,000,000 minus the number of shares of Common Stock purchased by the Underwriter upon the exercise of its Over-allotment Option, and (ii) the denominator of which is 3,000,000.

Failure of Underwriters to Exercise Over-allotment Option in Full. On a date that is within the five-day period following the date that is 30 days after the date of the Underwriting Agreement (the “Underwriting Agreement”) between the Company and Banc of America Securities LLC (the “Underwriting AgreementUnderwriter”) or, if earlier, the date Banc of America Securities LLC the Underwriter terminates its Over-allotment Option (as defined in the Underwriting Agreement) pursuant to the terms of the Underwriting Agreement, Subscriber Purchaser will forfeit to the Company, and the Company shall accept from the undersigned, at no cost, the number of shares of Common Stock determined by multiplying (a) 1,875 [(750,000/5,750,000) MULTIPLIED BY NUMBER OF SHARES PURCHASED] Shares by (b) a fraction, (i) the numerator of which is 3,000,000 minus the number of shares of Common Stock purchased by the Underwriter upon the exercise of its Over-allotment Option, and (ii) the denominator of which is 3,000,000.

Failure of Underwriters to Exercise Over-allotment Option in Full. On a date that is within the five-day period following the date that is 30 days after the date of the Underwriting Agreement between the Company and Banc of America Securities LLC (the “Underwriting Agreement”) or, if earlier, the date Banc of America Securities LLC terminates its Over-allotment Option (as defined in the Underwriting Agreement) pursuant to the terms of the Underwriting Agreement, Subscriber will forfeit to the Company, and the Company shall accept from the undersigned, at no cost, the number of shares of Common Stock determined by multiplying (a) 1,875 37,500 Shares by (b) a fraction, (i) the numerator of which is 3,000,000 minus the number of shares of Common Stock purchased by the Underwriter upon the exercise of its Over-allotment Option, and (ii) the denominator of which is 3,000,000.