Common use of Insider Warrant Exercises and Redemption Clause in Contracts

Insider Warrant Exercises and Redemption. The Company hereby acknowledges and agrees that the Insider Warrants will not be redeemable by the Company and may be exercised by the Initial Stockholders or their permitted transferees by surrendering the Insider Warrants for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Insider Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value” (defined below) by (y) the Fair Market Value, in each so long as they are held by the Initial Stockholders or their permitted transferees . The “Fair Market Value” shall mean the average reported last sale price of the Common Stock for the 10 trading days ending on the third business day prior to the date on which the notice of redemption is sent to holders of the Warrants .

Insider Warrant Exercises and Redemption. The Company hereby acknowledges and agrees that the Insider Warrants will not be redeemable by the Company and may be exercised by the Initial Stockholders Stockholders, the Representatives or their permitted transferees by surrendering the Insider Warrants for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Insider Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value” (defined below) by (y) the Fair Market Value, in each so long as they are held by the Initial Stockholders or their permitted transferees transferees. The “Fair Market Value” shall mean the average reported last sale price of the Common Stock for the 10 trading days ending on the third business day prior to the date on which the notice of redemption is sent to holders of the Warrants Warrants.

Insider Warrant Exercises and Redemption. The Company hereby acknowledges and agrees that the Insider Warrants will not be redeemable by the Company and may be exercised by the Initial Stockholders Insiders, the Representative or their permitted transferees by surrendering the Insider Warrants for that number of shares of Common Stock Ordinary Shares equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock Ordinary Shares underlying the Insider Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value” (defined below) by (y) the Fair Market Value, in each so long as they are held by the Initial Stockholders Insiders or their permitted transferees transferees. The “Fair Market Value” shall mean the average reported last sale price of the Common Stock Ordinary Shares for the 10 trading days ending on the third business day prior to the date on which the notice of redemption is sent to holders of the Warrants Warrants.

Insider Warrant Exercises and Redemption. The Company hereby acknowledges and agrees that the Insider Warrants will not be redeemable by the Company and may be exercised by the Initial Stockholders Insider Purchasers or their permitted transferees by surrendering the Insider Warrants for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Insider Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value” (defined below) by (y) the Fair Market Value, in each so long as they are held by the Initial Stockholders Insider Purchasers or their permitted transferees transferees. The “Fair Market Value” shall mean the average reported last sale price of the Common Stock for the 10 five trading days ending on the third business day prior to the date on which the notice of redemption is sent to holders of the Warrants Warrants.