Common use of Placement Securities Clause in Contracts

Placement Securities. Simultaneously with the Closing, (a) Vistas Media Sponsor, LLC, the sponsor of the Company (the “Sponsor”), and I-Bankers shall purchase from the Company pursuant to the Subscription Agreements (as defined in Section 2.24.2 hereof) an aggregate of 295,000 units (the “Placement Units”) (of which 220,000 Placement Units will be purchased by the Sponsor and 75,000 Placement Units will be purchased by I-Bankers) at a purchase price of $10.00 per Placement Unit and (b) the Sponsor shall purchase from the Company pursuant to a Subscription Agreement an aggregate of 500,000 warrants (the “Placement Warrants”) at a purchase price of $1.00 per Placement Warrant, in private placements (collectively, the “Private Placements”). The Placement Units, the securities underlying the Placement Units and the Placement Warrants are hereinafter referred to collectively as the “Placement Securities.” The Placement Units and the Placement Warrants shall be identical to the Units and warrants sold in the Offering, except that the warrants included in the Placement Units shall be (i) non-redeemable by the Company, and (ii) may be exercised on a cash or a cashless basis, in each case so long as the warrants continue to be held by the initial purchasers of the Placement Units and Placement Warrants or their permitted transferees (as described in the Subscription Agreement and the Warrant Agreement (as defined in Section 2.22 hereof)). There will be no placement agent in the Private Placements and no party shall be entitled to a placement fee or expense allowance from the sale of the Placement Securities.

Placement Securities. Simultaneously with the Closing, (a) Vistas Media Sponsor, Global SPAC Sponsors LLC, the sponsor of the Company (the “Sponsor”), ) and I-Bankers Bankers, shall purchase from the Company pursuant to the Placement Unit Subscription Agreements (as defined in Section 2.24.2 2.24.3 hereof) an aggregate of 295,000 675,000 units (or 747,000 units if the Over-allotment Option is exercised in full) (the “Placement Units”) (of which 220,000 Placement Units will be purchased by the Sponsor and 75,000 Placement Units will be purchased by I-Bankers) at a purchase price of $10.00 per Placement Unit and (b) the Sponsor shall purchase from the Company pursuant to in a Subscription Agreement an aggregate of 500,000 warrants private placement (the “Placement Warrants”) at a purchase price of $1.00 per Placement Warrant, in private placements (collectively, the “Private PlacementsPlacement”). The Placement Units, the securities subunits contained therein (the “Placement Subunits”) and the Warrants underlying the Placement Units and the Placement Warrants Subunits are hereinafter referred to collectively as the “Placement Securities” and the Placement Securities together with the Public Securities are hereinafter referred to collectively as the “Securities.” The Placement Units and the Placement Warrants shall be identical to the Units and warrants sold in the Offering, except that the warrants Warrants included in (i) the Placement Units and (ii) the Subunits included in the Placement Units shall be (i) non-redeemable by the Company, and (ii) may be exercised on a cash or a cashless basis, in each case so long as the warrants such Warrants continue to be held by the initial purchasers of the Placement Units and Placement Warrants or their permitted transferees (as described in the Subscription Agreement and the Warrant Agreement (as defined in Section 2.22 hereof)). There will be no placement agent in the Private Placements Placement and no party shall be entitled to a placement fee or expense allowance from the sale of the Placement Securities.

Placement Securities. Simultaneously with the Closing, (a) Vistas Media Sponsor, Global SPAC Sponsors LLC, the sponsor of the Company (the “Sponsor”), ) and I-Bankers Bankers, shall purchase from the Company pursuant to the Placement Unit Subscription Agreements (as defined in Section 2.24.2 2.24.3 hereof) an aggregate of 295,000 595,000 units (or 655,000 units if the Over-allotment Option is exercised in full) (the “Placement Units”) (of which 220,000 Placement Units will be purchased by the Sponsor and 75,000 Placement Units will be purchased by I-Bankers) at a purchase price of $10.00 per Placement Unit and (b) the Sponsor shall purchase from the Company pursuant to in a Subscription Agreement an aggregate of 500,000 warrants private placement (the “Placement Warrants”) at a purchase price of $1.00 per Placement Warrant, in private placements (collectively, the “Private PlacementsPlacement”). The Placement Units, the securities subunits contained therein (the “Placement Subunits”) and the Warrants underlying the Placement Units and the Placement Warrants Subunits are hereinafter referred to collectively as the “Placement Securities” and the Placement Securities together with the Public Securities are hereinafter referred to collectively as the “Securities.” The Placement Units and the Placement Warrants shall be identical to the Units and warrants sold in the Offering, except that the warrants Warrants included in (i) the Placement Units and (ii) the Subunits included in the Placement Units shall be (i) non-redeemable by the Company, and (ii) may be exercised on a cash or a cashless basis, in each case so long as the warrants such Warrants continue to be held by the initial purchasers of the Placement Units and Placement Warrants or their permitted transferees (as described in the Subscription Agreement and the Warrant Agreement (as defined in Section 2.22 hereof)). There will be no placement agent in the Private Placements Placement and no party shall be entitled to a placement fee or expense allowance from the sale of the Placement Securities.

Placement Securities. Simultaneously with the Closing, (a) Vistas Media Sponsor, Global SPAC Sponsors LLC, the sponsor of the Company (the “Sponsor”), ) and I-Bankers Bankers, shall purchase from the Company pursuant to the Placement Unit Subscription Agreements (as defined in Section 2.24.2 2.24.3 hereof) an aggregate of 295,000 795,000 units (or 885,000 units if the Over-allotment Option is exercised in full) (the “Placement Units”) (of which 220,000 Placement Units will be purchased by the Sponsor and 75,000 Placement Units will be purchased by I-Bankers) at a purchase price of $10.00 per Placement Unit and (b) the Sponsor shall purchase from the Company pursuant to in a Subscription Agreement an aggregate of 500,000 warrants private placement (the “Placement Warrants”) at a purchase price of $1.00 per Placement Warrant, in private placements (collectively, the “Private PlacementsPlacement”). The Placement Units, the securities subunits contained therein (the “Placement Subunits”) and the Warrants underlying the Placement Units and the Placement Warrants Subunits are hereinafter referred to collectively as the “Placement Securities” and the Placement Securities together with the Public Securities are hereinafter referred to collectively as the “Securities.” The Placement Units and the Placement Warrants shall be identical to the Units and warrants sold in the Offering, except that the warrants Warrants included in (i) the Placement Units and (ii) the Subunits included in the Placement Units shall be (i) non-redeemable by the Company, and (ii) may be exercised on a cash or a cashless basis, in each case so long as the warrants such Warrants continue to be held by the initial purchasers of the Placement Units and Placement Warrants or their permitted transferees (as described in the Subscription Agreement and the Warrant Agreement (as defined in Section 2.22 hereof)). There will be no placement agent in the Private Placements Placement and no party shall be entitled to a placement fee or expense allowance from the sale of the Placement Securities.