Common use of Insider Securities Clause in Contracts

Insider Securities. Xxxx X. Xxxxx, Xxxxx X. Xxxxx, Xxxxxxxx Xxxxxxxx, Xxxxx Xxxxxxx and Xxxxxx X. Xxxxxxx (the “Insider Purchasers”) have committed to purchase an aggregate of 3,525,000 Warrants (“Insider Warrants” and together with the shares of Common Stock underlying the Insider Warrants, collectively referred to as the “Insider Securities”) at approximately $0.57 per Warrant (for an aggregate purchase price of $2,000,000) from the Company upon consummation of the Offering. The Insider Securities have been duly authorized and, when issued and paid for in accordance with the subscription agreements (“Subscription Agreements”) entered into by the Insider Purchasers to purchase such Insider Securities, will be validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; the Insider Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Insider Securities has been duly and validly taken.

Insider Securities. Xxxx X. XxxxxCxxxxxxxx Jun Mu, Xxxxx X. XxxxxKxxxx Xxxxxxx Xx, Xxxxxxxx XxxxxxxxFrancisco A. Xxxxxx, Xxxxx Xxxxxxx Hunter S. Xxxxxxx, Easton Capital Corp. Defined Benefit Plan and Xxxxxx X. Xxxxxxx Pantheon China Acquisition Limited (the “Insider Purchasers”) have committed to purchase an aggregate of 3,525,000 2,083,334 Warrants (“Insider Warrants” and together with the shares of Common Stock underlying the Insider Warrants, collectively referred to as the “Insider Securities”) at approximately $0.57 0.60 per Warrant (for an aggregate purchase price of $2,000,0001,250,000.40) from the Company upon consummation of the Offering. The Insider Securities have been duly authorized and, when issued and paid for in accordance with the subscription agreements (“Subscription Agreements”) entered into by the Insider Purchasers to purchase such Insider Securities, will be validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; the Insider Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Insider Securities has been duly and validly taken.

Insider Securities. Lxxxxxxx X. Xxxx, Exxxxx Xxxx X. Xxxxx, Xxxxx X. Xxxxx, Xxxxxxxx Xxxxxxxx, Xxxxx Xxxxxxx and Xxxxxx X. Xxxxxxx Ixxxx Xxxx (the “Insider Purchasers”) have committed to purchase an aggregate of 3,525,000 1,500,000 Warrants (“Insider Warrants” and together with the shares of Common Stock underlying the Insider Warrants, collectively referred to as the “Insider Securities”) at approximately $0.57 1.00 per Warrant (for an aggregate purchase price of $2,000,0001,500,000) from the Company upon consummation of the Offering. The Insider Securities have been duly authorized and, when issued and paid for in accordance with the subscription agreements (“Subscription Agreements”) entered into by the Insider Purchasers to purchase such Insider Securities, will be validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; the Insider Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Insider Securities has been duly and validly taken.

Insider Securities. Xxxxx X. Xxxxxx, Xxxx X. Xxxx, Xxxx X. Xxxxxxxxxx, Xxxxxx Xxxxx, Xxxxx Xxxxxx X. Xxxxx, Xxxxxxxx Xxxxxxxx, Xxxxx Xxxxxxx and Xxxxxx X. Xxxxxxx Xxxxxx (the “Insider Purchasers”) have committed to purchase an aggregate of 3,525,000 1,600,000 Warrants (“Insider Warrants” and together with the shares of Common Stock underlying the Insider Warrants, collectively referred to as the “Insider Securities”) at approximately $0.57 1.00 per Warrant (for an aggregate purchase price of $2,000,0001,600,000) from the Company upon consummation of the Offering. The Insider Securities have been duly authorized and, when issued and paid for in accordance with the subscription agreements (“Subscription Agreements”) entered into by the Insider Purchasers to purchase such Insider Securities, will be validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; the Insider Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Insider Securities has been duly and validly taken.

Insider Securities. Xxxx X. XxxxxCertain of the initial shareholders of the Company (collectively, Xxxxx X. Xxxxx, Xxxxxxxx Xxxxxxxx, Xxxxx Xxxxxxx and Xxxxxx X. Xxxxxxx (the “Insider PurchasersInitial Shareholders”) have committed to purchase an aggregate of 3,525,000 105,000 Units (“Insider Units”) and 1,033,334 Warrants (“Insider Warrants” and together with the shares of Common Stock Insider Units, the Ordinary Shares and Warrants underlying the Insider Units and the Ordinary Shares underlying the Warrants underlying the Insider Units and the Insider Warrants, collectively referred to as the “Insider Securities”) at approximately $0.57 per Warrant (for an aggregate purchase price of $2,000,000) 1,250,000 from the Company upon consummation of the Offering. The Insider Securities have been duly authorized and, when issued and paid for in accordance with the subscription agreements (“Subscription Agreements”) entered into by the Insider Purchasers Initial Shareholders to purchase such Insider Securities, will be validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; the Insider Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Insider Securities has been duly and validly taken.

Insider Securities. Xxxxxxxx X. Xxxx, Xxxxxx Xxxx X. Xxxxx, and Xxxxx X. Xxxxx, Xxxxxxxx Xxxxxxxx, Xxxxx Xxxxxxx and Xxxxxx X. Xxxxxxx Xxxx (the “Insider Purchasers”) have committed to purchase an aggregate of 3,525,000 1,500,000 Warrants (“Insider Warrants” and together with the shares of Common Stock underlying the Insider Warrants, collectively referred to as the “Insider Securities”) at approximately $0.57 1.00 per Warrant (for an aggregate purchase price of $2,000,0001,500,000) from the Company upon consummation of the Offering. The Insider Securities have been duly authorized and, when issued and paid for in accordance with the subscription agreements (“Subscription Agreements”) entered into by the Insider Purchasers to purchase such Insider Securities, will be validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; the Insider Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Insider Securities has been duly and validly taken.

Insider Securities. Xxxx X. XxxxxHarry Edelson, Nicholas Puro, Xxxxx X. XxxxxXxxxecx, Xxxxxxxx XxxxxxxxXxxx-Xxxxx Fxx, Xxxx Xx, Xxxot Xxxxxx xxx Xxhn Xxxxx (txx "Xxxxxxx and Xxxxxx X. Xxxxxxx (the “Insider Purchasers”Purchxxxxx") have xxve committed to purchase an aggregate of 3,525,000 2,266,667 Warrants (“"Insider Warrants” " and together with the shares of Common Stock underlying the Insider Warrants, collectively referred to as the “"Insider Securities”") at approximately $0.57 0.60 per Warrant (for an aggregate purchase price of $2,000,0001,360,000.20) from the Company upon consummation of the Offering. The Insider Securities have been duly authorized and, when issued and paid for in accordance with the subscription agreements (“"Subscription Agreements”") entered into by the Insider Purchasers to purchase such Insider Securities, will be validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; the Insider Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Insider Securities has been duly and validly taken.

Insider Securities. Harry Edelson, Nicholas Puro, Xxxxx X. Xxxxecx, Xxxx-Xxxxx Fxx, Xxxx X. Xx, Xxxlix Xxxxx, Xxxxx X. Xxxxx, Xxxxxxxx Xxxxxxxx, Cxxxxx xnd Xxxx Xxxxx (txx "Xxxxxxx and Xxxxxx X. Xxxxxxx (the “Insider Purchasers”Purchxxxxx") have xxve committed to purchase an aggregate of 3,525,000 2,266,667 Warrants (“"Insider Warrants” " and together with the shares of Common Stock underlying the Insider Warrants, collectively referred to as the “"Insider Securities”") at approximately $0.57 0.60 per Warrant (for an aggregate purchase price of $2,000,0001,360,000.20) from the Company upon consummation of the Offering. The Insider Securities have been duly authorized and, when issued and paid for in accordance with the subscription agreements (“"Subscription Agreements”") entered into by the Insider Purchasers to purchase such Insider Securities, will be validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; the Insider Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Insider Securities has been duly and validly taken.

Insider Securities. Xxxx X. Xxxxx, Xxxxx X. Xxxxx, Xxxxxxxx Xxxxxxxx, Xxxxx Xxxxxxx and 00xx Xxxxxx X. Xxxxxxx LLC (the “Insider PurchasersPurchaser”) have has committed to purchase an aggregate of 3,525,000 120,100 Units (“Insider Units”) at $6.00 per Unit and 685,000 Warrants (“Insider Warrants” and together with the Insider Units, the shares of Common Stock and Warrants underlying the Insider Units, and the shares of Common Stock underlying the Warrants underlying the Insider Units and Insider Warrants, collectively referred to as the “Insider Securities”) at approximately $0.57 0.70 per Warrant (for an aggregate purchase price of $2,000,0001,200,100) from the Company upon consummation of the Offering. The Insider Securities have been duly authorized and, when issued and paid for in accordance with the subscription agreements (“Subscription Agreements”) entered into by the Insider Purchasers Purchaser to purchase such Insider Securities, will be validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; the Insider Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Insider Securities has been duly and validly taken.

Insider Securities. Xxxx X. XxxxxThe initial shareholders of the Company (collectively, Xxxxx X. Xxxxx, Xxxxxxxx Xxxxxxxx, Xxxxx Xxxxxxx and Xxxxxx X. Xxxxxxx (the “Insider PurchasersInitial Shareholders”) have committed to purchase an aggregate of 3,525,000 105,000 Units (“Insider Units”) and 1,033,334 Warrants (“Insider Warrants” and together with the shares of Common Stock Insider Units, the Ordinary Shares and Warrants underlying the Insider Units and the Ordinary Shares underlying the Warrants underlying the Insider Units and the Insider Warrants, collectively referred to as the “Insider Securities”) at approximately $0.57 per Warrant (for an aggregate purchase price of $2,000,000) 1,250,000 from the Company upon consummation of the Offering. The Insider Securities have been duly authorized and, when issued and paid for in accordance with the subscription agreements (“Subscription Agreements”) entered into by the Insider Purchasers Initial Shareholders to purchase such Insider Securities, will be validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; the Insider Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Insider Securities has been duly and validly taken.

Insider Securities. Xxxx X. Xxxxx, Xxxxx X. Xxxxx, Xxxxxxxx Xxxxxxxx, Xxxxx Xxxxxxx and Xxxxxx X. Xxxxxxx (the “Insider Purchasers”) have committed to purchase an aggregate of 3,525,000 5,975,000 Warrants (“Insider Warrants” and together with the shares of Common Stock underlying the Insider Warrants, collectively referred to as the “Insider Securities”) at approximately $0.57 0.75 per Warrant (for an aggregate purchase price of $2,000,0004,450,000) from the Company upon consummation of the Offering. The Insider Securities have been duly authorized and, when issued and paid for in accordance with the subscription agreements (“Subscription Agreements”) entered into by the Insider Purchasers to purchase such Insider Securities, will be validly issued, fully paid and non-assessable; the holders thereof are not and will not be subject to personal liability by reason of being such holders; the Insider Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate action required to be taken for the authorization, issuance and sale of the Insider Securities has been duly and validly taken.