Common use of Liquidation of Company Clause in Contracts

Liquidation of Company. The Company shall give the Escrow Agent written notification of the liquidation and dissolution of the Company in the event that the Company fails to consummate a Business Combination within the time period(s) specified in the Registration Statement. - Signature page of the Company immediately follows - WITNESS the execution of this Agreement as of the date first above written. By: Name: Title: - Signature page of Initial Shareholders immediately follows - WITNESS the execution of this Agreement as of the date first above written. Yong Hxx Xx Dxxxx Xxxx-Hxxx Xxx Name: Title: Wxxxxxx Xxx-Xxxxx Yu Name: Title: Jxxxxx Xxx Sxxxxx Xxx Oxxxxx Xx Jxxxx Xxx - Signature page of Escrow Agent immediately follows - WITNESS the execution of this Agreement as of the date first above written. & TRUST COMPANY, as Escrow Agent By: Name: Title: Yong Hxx Xx 195,500 (1) [____] 97,750 (7) [_____ ] Dxxxx Xxxx-Hxxx Xxx 234,600 (2) [____] 117,300 (8) [_____ ] The Shodan Company 101,660 (3) [____] 50,830 (9) [_____ ] Wxxxxxx Xxx-Xxxxx Yu 101,660 (3) [____] 50,830 (9) [_____ ] Puway Ltd. 78,200 (4) [____] 39,100 (10) [_____ ] Jxxxxx Xxx 27,370 (5) [____] 13,685 (11) [_____ ] Sxxxxx Xxx 27,370 (5) [____] 13,685 (11) [_____ ] Oxxxxx Xx 7,820 (6) [____] 3,910 (12) [_____ ] Jxxxx Xxx 7,820 (6) [____] 3,910 (12) [_____ ] Yong Hxx Xx 195,500 (1) [____] 97,750 (7) [_____ ] Dxxxx Xxxx-Hxxx Xxx 234,600 (2) [____] 117,300 (8) [_____ ] The Shodan Company 101,660 (3) [____] 50,830 (9) [_____ ] Wxxxxxx Xxx-Xxxxx Yu 101,660 (3) [____] 50,830 (9) [_____ ] Puway Ltd. 78,200 (4) [____] 39,100 (10) [_____ ] Jxxxxx Xxx 27,370 (5) [____] 13,685 (11) [_____ ] Sxxxxx Xxx 27,370 (5) [____] 13,685 (11) [_____ ] Oxxxxx Xx 7,820 (6) [____] 3,910 (12) [_____ ] Jxxxx Xxx 7,820 (6) [____] 3,910 (12) [_____ ] (1) Up to 25,500 shares subject to forfeiture pursuant to Section 3.1. (2) Up to 30,600 shares subject to forfeiture pursuant to Section 3.1. (3) Up to 13,260 shares subject to forfeiture pursuant to Section 3.1. (4) Up to 10,200 shares subject to forfeiture pursuant to Section 3.1. (5) Up to 3,570 shares subject to forfeiture pursuant to Section 3.1. (6) Up to 1,020 shares subject to forfeiture pursuant to Section 3.1. (7) Up to 12,750 shares subject to forfeiture pursuant to Section 3.1. (8) Up to 15,300 shares subject to forfeiture pursuant to Section 3.1. (9) Up to 6,630 warrants subject to forfeiture pursuant to Section 3.1. (10) Up to 5,100 warrants subject to forfeiture pursuant to Section 3.1. (11) Up to 1,785 warrants subject to forfeiture pursuant to Section 3.1. (12) Up to 510 warrants subject to forfeiture pursuant to Section 3.1.

Liquidation of Company. The Company shall give the Escrow Agent written notification of the liquidation and dissolution of the Company in the event that the Company fails to consummate a Business Combination within the time period(s) specified in the Registration Statement. - Signature page of the Company immediately follows - WITNESS the execution of this Agreement as of the date first above written. By: Name: Title: - Signature page of Initial Shareholders immediately follows - WITNESS the execution of this Agreement as of the date first above written. Yong Hxx Xx Dxxxx Xxxx-Hxxx Xxx Name: Title: Wxxxxxx Xxx-Xxxxx Yu Name: Title: Jxxxxx Xxx Sxxxxx Xxx Oxxxxx Xx Jxxxx Xxx - Signature page of Escrow Agent immediately follows - WITNESS the execution of this Agreement as of the date first above written. & TRUST COMPANY, as Escrow Agent By: Name: Title: Yong Hxx Xx 195,500 231,150 (1) [_____] 97,750 115,575 (7) [_____ _] Dxxxx Xxxx-Hxxx Xxx 234,600 277,380 (2) [_____] 117,300 138,690 (8) [_____ _] The Shodan Company 101,660 120,198 (3) [_____] 50,830 60,099 (9) [_____ _] Wxxxxxx Xxx-Xxxxx Yu 101,660 120,198 (3) [_____] 50,830 60,099 (9) [_____ _] Puway Ltd. 78,200 92,460 (4) [_____] 39,100 46,230 (10) [_____ _] Jxxxxx Xxx 27,370 32,361 (5) [_____] 13,685 16,181 (11) [_____ _] Sxxxxx Xxx 27,370 32,361 (5) [_____] 13,685 16,181 (11) [_____ _] Oxxxxx Xx 7,820 9,246 (6) [_____] 3,910 4,623 (12) [_____ _] Jxxxx Xxx 7,820 9,246 (6) [_____] 3,910 4,623 (12) [_____ _] Total 924,600 462,300 Yong Hxx Xx 195,500 79,925 (113) [_____] 97,750 39,963 (719) [_____ _] Dxxxx Xxxx-Hxxx Xxx 234,600 95,910 (214) [_____] 117,300 47,955 (8) [_____ ] The Shodan Company 101,660 (320) [_____] 50,830 The Shodan Company 41,561 (915) [_____ _] 20,781 (21) [_____] Wxxxxxx Xxx-Xxxxx Yu 101,660 41,561 (315) [_____] 50,830 20,781 (921) [_____ _] Puway Ltd. 78,200 31,970 (416) [_____] 39,100 15,985 (1022) [_____ _] Jxxxxx Xxx 27,370 11,190 (517) [_____] 13,685 5,595 (1123) [_____ _] Sxxxxx Xxx 27,370 11,190 (517) [_____] 13,685 5,595 (1123) [_____ _] Oxxxxx Xx 7,820 3,197 (618) [_____] 3,910 1,599 (1224) [_____ _] Jxxxx Xxx 7,820 3,197 (618) [_____] 3,910 1,599 (1224) [_____ ]_] Total 319,701 159,851 Yong Hxx Xx 79,925 (13) [_____] 39,963 (19) [_____] Dxxxx Xxxx-Hxxx Xxx 95,910 (14) [_____] 47,955 (20) [_____] The Shodan Company 41,561 (15) [_____] 20,781 (21) [_____] Wxxxxxx Xxx-Xxxxx Yu 41,561 (15) [_____] 20,781 (21) [_____] Puway Ltd. 31,970 (16) [_____] 15,985 (22) [_____] Jxxxxx Xxx 11,190 (17) [_____] 5,595 (23) [_____] Sxxxxx Xxx 11,190 (17) [_____] 5,595 (23) [_____] Oxxxxx Xx 3,197 (18) [_____] 1,599 (24) [_____] Jxxxx Xxx 3,197 (18) [_____] 1,599 (24) [_____] Total 319,701 159,851 (1) Up to 25,500 30150 shares subject to forfeiture pursuant to Section 3.1. (2) Up to 30,600 36180 shares subject to forfeiture pursuant to Section 3.1. (3) Up to 13,260 15678 shares subject to forfeiture pursuant to Section 3.1. (4) Up to 10,200 12060 shares subject to forfeiture pursuant to Section 3.1. (5) Up to 3,570 4221 shares subject to forfeiture pursuant to Section 3.1. (6) Up to 1,020 1206 shares subject to forfeiture pursuant to Section 3.1. (7) Up to 12,750 15075 shares subject to forfeiture pursuant to Section 3.1. (8) Up to 15,300 18090 shares subject to forfeiture pursuant to Section 3.1. (9) Up to 6,630 warrants 7839 shares subject to forfeiture pursuant to Section 3.1. (10) Up to 5,100 warrants 6030 shares subject to forfeiture pursuant to Section 3.1. (11) Up to 1,785 warrants 2110 shares subject to forfeiture pursuant to Section 3.1. (12) Up to 510 warrants 603 shares subject to forfeiture pursuant to Section 3.1. (13) Up to 10425 shares subject to forfeiture pursuant to Section 3.1. (14) Up to 12510 shares subject to forfeiture pursuant to Section 3.1. (15) Up to 5421 shares subject to forfeiture pursuant to Section 3.1. (16) Up to 4170 shares subject to forfeiture pursuant to Section 3.1. (17) Up to 1459 shares subject to forfeiture pursuant to Section 3.1. (18) Up to 417 shares subject to forfeiture pursuant to Section 3.1. (19) Up to 5212 shares subject to forfeiture pursuant to Section 3.1. (20) Up to 6255 shares subject to forfeiture pursuant to Section 3.1. (21) Up to 2710 shares subject to forfeiture pursuant to Section 3.1. (22) Up to 2085 shares subject to forfeiture pursuant to Section 3.1. (23) Up to 729 shares subject to forfeiture pursuant to Section 3.1. (24) Up to 208 shares subject to forfeiture pursuant to Section 3.1.

Liquidation of Company. The Company shall give the Escrow Agent written notification of the liquidation and dissolution of the Company in the event that the Company fails to consummate a Business Combination within the time period(s) specified in the Registration Statement. - Signature page of the Company immediately follows - WITNESS the execution of this Agreement as of the date first above written. By: Name: Title: - Signature page of Initial Shareholders immediately follows - WITNESS the execution of this Agreement as of the date first above written. Yong Hxx Xx Dxxxx Xxxx-Hxxx Xxx Name: Title: Wxxxxxx Xxx-Xxxxx Yu Name: Title: Jxxxxx Xxx Sxxxxx Xxx Oxxxxx Xx Jxxxx Xxx - Signature page of Escrow Agent immediately follows - WITNESS the execution of this Agreement as of the date first above written. & TRUST COMPANY, as Escrow Agent By: Name: Title: Yong Hxx Xx 195,500 231,150 (1) [_____] 97,750 Dxxxx Xxxx-Hxxx Xxx 277,380 (2) [_____] The Shodan Company 120,198 (3) [_____] Wxxxxxx Xxx-Xxxxx Yu 120,198 (3) [_____] Puway Ltd. 92,460 (4) [_____] Jxxxxx Xxx 32,361 (5) [_____] Sxxxxx Xxx 32,361 (5) [_____] Oxxxxx Xx 9,246 (6) [_____] Jxxxx Xxx 9,246 (6) [_____] Total 924,600 Yong Hxx Xx 79,925 (7) [_____ _] Dxxxx Xxxx-Hxxx Xxx 234,600 (2) [____] 117,300 95,910 (8) [_____ _] The Shodan Company 101,660 (3) [____] 50,830 41,561 (9) [_____ _] Wxxxxxx Xxx-Xxxxx Yu 101,660 (3) [____] 50,830 41,561 (9) [_____ _] Puway Ltd. 78,200 (4) [____] 39,100 31,970 (10) [_____ _] Jxxxxx Xxx 27,370 (5) [____] 13,685 11,190 (11) [_____ _] Sxxxxx Xxx 27,370 (5) [____] 13,685 11,190 (11) [_____ _] Oxxxxx Xx 7,820 (6) [____] 3,910 3,197 (12) [_____ _] Jxxxx Xxx 7,820 (6) [____] 3,910 3,197 (12) [_____ _] Total 319,701 Yong Hxx Xx 195,500 (1) [____] 97,750 79,925 (7) [_____ _] Dxxxx Xxxx-Hxxx Xxx 234,600 (2) [____] 117,300 95,910 (8) [_____ _] The Shodan Company 101,660 (3) [____] 50,830 41,561 (9) [_____ _] Wxxxxxx Xxx-Xxxxx Yu 101,660 (3) [____] 50,830 41,561 (9) [_____ _] Puway Ltd. 78,200 (4) [____] 39,100 31,970 (10) [_____ _] Jxxxxx Xxx 27,370 (5) [____] 13,685 11,190 (11) [_____ _] Sxxxxx Xxx 27,370 (5) [____] 13,685 11,190 (11) [_____ _] Oxxxxx Xx 7,820 (6) [____] 3,910 3,197 (12) [_____ _] Jxxxx Xxx 7,820 (6) [____] 3,910 3,197 (12) [_____ ]_] Total 319,701 (1) Up to 25,500 shares 30150 units subject to forfeiture pursuant to Section 3.1. (2) Up to 30,600 shares 36180 units subject to forfeiture pursuant to Section 3.1. (3) Up to 13,260 shares 15678 units subject to forfeiture pursuant to Section 3.1. (4) Up to 10,200 shares 12060 units subject to forfeiture pursuant to Section 3.1. (5) Up to 3,570 shares 4221 units subject to forfeiture pursuant to Section 3.1. (6) Up to 1,020 shares 1206 units subject to forfeiture pursuant to Section 3.1. (7) Up to 12,750 shares 10425 units subject to forfeiture pursuant to Section 3.1. (8) Up to 15,300 shares 12510 units subject to forfeiture pursuant to Section 3.1. (9) Up to 6,630 warrants 5421 units subject to forfeiture pursuant to Section 3.1. (10) Up to 5,100 warrants 4170 units subject to forfeiture pursuant to Section 3.1. (11) Up to 1,785 warrants 1459 units subject to forfeiture pursuant to Section 3.1. (12) Up to 510 warrants 417 units subject to forfeiture pursuant to Section 3.1.