Common use of Insider Securities Clause in Contracts

Insider Securities. The Company’s founding shareholders (“Initial Shareholders”) have committed to purchase an aggregate of 1,250,000 Warrants (“Insider Warrants” and together with the Ordinary Shares underlying the Insider Warrants, collectively referred to as the “Insider Securities”) at a purchase price of $1.00 per Insider Warrant (for an aggregate purchase price of $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 warrant purchase agreements (“Subscription Agreement”) entered into by the 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. The Company’s founding shareholders (“Initial Shareholders”) have committed to purchase an aggregate of 1,250,000 1,430,000 Warrants (“Insider Warrants” and together with the Ordinary Shares underlying the Insider Warrants, collectively referred to as the “Insider Securities”) at a purchase price of $1.00 per Insider Warrant (for an aggregate purchase price of $1,250,0001,430,000) 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 warrant purchase agreements (“Subscription Agreement”) entered into by the 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. The Company’s founding shareholders (“Initial Shareholders”) have committed to purchase an aggregate of 1,250,000 Warrants (“Insider Warrants” and together with the Ordinary Shares underlying the Insider Warrants, collectively referred to as the “Insider Securities”) at a purchase price of $1.00 per Insider Warrant (for an aggregate purchase price of $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 warrant purchase subscription agreements (“Subscription AgreementAgreements”) entered into by the 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. The Certain of the Company’s founding shareholders officers and directors (collectively, the “Initial ShareholdersInsiders”) have committed to purchase an aggregate of 1,250,000 1,818,182 Warrants (“Insider Warrants” and together with the Ordinary Shares underlying the Insider Warrants, collectively referred to as the “Insider Securities”) at a purchase price of $1.00 1.10 per Insider Warrant (for an aggregate purchase price of $1,250,0002,000,000) 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 warrant purchase subscription agreements (“Subscription AgreementAgreements”) entered into by the Initial Shareholders Insiders 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.