Common use of Insider Warrants Clause in Contracts

Insider Warrants. The Insider Warrants will be issued in the same form as the Public Warrants but they (i) will not be transferable or salable until 90 days after the Company completes a Business Transaction (as defined below), and (ii) will be exercisable on a cashless basis and will not be redeemable by the Company so long as they are held by the Insiders or their permitted transferees (as described more fully in the Registration Statement).

Insider Warrants. The Insider Warrants will be issued in the same form as the Public Warrants and the Representative’s Warrants but they (i) will not be transferable or salable until 90 thirty (30) days after the date on which the Company completes a Business Transaction (as defined below), business combination and (ii) will be exercisable on a cashless basis and will not be redeemable by the Company Company, in each case, so long as they are still held by the Insiders or their permitted transferees (as described more fully in the Registration Statement)affiliates.

Insider Warrants. The Insider Warrants will be issued in the same form as the Public Warrants but they (i) will not be transferable or salable until 90 days after the later of ___________, 2008 or the date on which the Company completes a Business Transaction (as defined below), business combination and (ii) will be exercisable on a cashless basis and will not be redeemable by the Company so long as us if they are still held by the Insiders or their permitted transferees (as described more fully in the Registration Statement)affiliates.

Insider Warrants. The Insider Warrants will be issued in the same form as the Public Warrants but they (i) will not be transferable or salable until 90 days after the later of ___, 2008 or the date on which the Company completes a Business Transaction (as defined below)business combination, and (ii) will be exercisable on a cashless basis and will not be redeemable by the Company so long as us if they are still held by the Insiders or their permitted transferees affiliates and (as described more fully in iii) may be exercised for unregistered shares if a registration statement relating to the Registration Statement)common stock issuable upon exercise of the warrants is not effective and current.

Insider Warrants. The Insider Warrants will be issued in the same form as the Public Warrants and the Representatives’ Warrants but they (i) will not be transferable or salable until 90 the later of ___________, 2009 or thirty (30) days after the date on which the Company completes a Business Transaction (as defined below), business combination and (ii) will be exercisable on a cashless basis and will not be redeemable by the Company so long as if they are still held by the Insiders or their permitted transferees (as described more fully in the Registration Statement)affiliates.

Insider Warrants. The Insider Warrants will be issued in the same form as the Public Warrants but they (i) will not be transferable or salable until 90 30 days after the Company completes consummates a Business Transaction Combination (as defined below), ) and (ii) will be exercisable on a cashless basis and will not be redeemable by the Company so long as if they are still held by the Insiders Insider or their permitted transferees (as described more fully in the Registration Statement)its affiliates.

Insider Warrants. The Insider Warrants will be issued in the same form as the Public Warrants but they (i) will not be transferable or salable until 90 30 days after the Company completes a Business Transaction (as defined below)business transaction, and (ii) will be exercisable on a cashless basis so long as they are held by the Insiders or their affiliates, and (iii) will not be redeemable by the Company so long as they are held by the Insiders or their permitted transferees (as described more fully in the Registration Statement)affiliates.

Insider Warrants. The Insider Warrants will be issued in the same form as the Public Warrants but they (i) will not be transferable or salable until 90 days after the later of June 19, 2008 or the date on which the Company completes a Business Transaction (as defined below)business combination, and (ii) will be exercisable on a cashless basis and will not be redeemable by the Company so long as us if they are still held by the Insiders or their permitted transferees affiliates and (as described more fully in iii) may be exercised for unregistered shares if a registration statement relating to the Registration Statement)common stock issuable upon exercise of the warrants is not effective and current.