Common use of LIQUIDATION RIGHTS AND PREFERENCES Clause in Contracts

LIQUIDATION RIGHTS AND PREFERENCES. Buyer acknowledges and agrees that in the event the Company has not consummated a business combination within twenty-four months from the date of the offering of its securities, its corporate existence will cease by operation of law and it will promptly distribute only to its public stockholders the amount in its trust account (including any accrued interest, after taxes payable on such interest) plus any remaining net assets. Buyer further agrees to waive his rights to participate in any liquidation as part of the Company's plan of dissolution and liquidation with respect to those shares of common stock acquired by him prior to the offering of the Company's securities. Buyer will participate in any liquidation distribution with respect to any shares of common stock acquired as part of the offering of the Company's securities or in the aftermarket.

LIQUIDATION RIGHTS AND PREFERENCES. Buyer acknowledges and agrees that in the event the Company has not consummated a business combination within twenty-four months from the date of the offering of its securities, its corporate existence will cease by operation of law and it will promptly distribute only to its public stockholders the amount in its trust account (including any accrued interest, after taxes payable on such interest) plus any remaining net assets. Buyer further agrees to waive his rights to participate in any liquidation as part of the Company's ’s plan of dissolution and liquidation with respect to those shares of common stock acquired by him prior to the offering of the Company's ’s securities. Buyer will participate in any liquidation distribution with respect to any shares of common stock acquired as part of the offering of the Company's ’s securities or in the aftermarket.

LIQUIDATION RIGHTS AND PREFERENCES. Buyer acknowledges and agrees that in the event the Company has not consummated a business combination within twenty-four months from the date of the offering of its securities, its corporate existence will cease by operation of law and it will promptly distribute only to its public stockholders the amount in its trust account (including any accrued interest, after taxes payable on such interest) plus any remaining net assets. Buyer further agrees to waive his its rights to participate in any liquidation as part of the Company's plan of dissolution and liquidation with respect to those shares of common stock acquired by him it prior to the offering of the Company's securities. Buyer will participate in any liquidation distribution with respect to any shares of common stock acquired as part of the offering of the Company's securities or in the aftermarket.