Placement Unit Purchase Agreement. The Initial Stockholders have executed and delivered an agreement, annexed as Exhibit 10.7 to the Registration Statement (“Placement Unit Purchase Agreement”), pursuant to which the Initial Stockholders have, among other things, purchased an aggregate of 333,334 Placement Units in the Private Placement. Pursuant to the Placement Unit Purchase Agreement, (i) $2,000,004 of the proceeds from the sale of the Placement Units will be deposited by the Company in the Trust Fund in accordance with the terms of the Trust Agreement prior to the Closing Date, and (ii) the purchasers of the Placement Units have waived any and all rights and claims they may have to any proceeds, and any interest thereon, held in the Trust Fund in respect of the shares of Common Stock included in such Placement Units in the event that a Business Combination is not consummated and the Trust Fund is liquidated in accordance with the terms of the Trust Agreement.
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Placement Unit Purchase Agreement. The Initial Stockholders have executed and delivered an agreement, annexed as Exhibit 10.7 10.19 to the Registration Statement (“Placement Unit Purchase Agreement”), pursuant to which the Initial Stockholders such parties have, among other things, purchased an aggregate of 333,334 166,667 Placement Units in the Private Placement. Pursuant to the Placement Unit Purchase Agreement, (i) $2,000,004 1,000,002 of the proceeds from the sale of the Placement Units will be deposited by the Company in the Trust Fund in accordance with the terms of the Trust Agreement prior to the Closing Date, and (ii) the purchasers of the Placement Units have waived any and all rights and claims they may have to any proceeds, and any interest thereon, held in the Trust Fund in respect of the shares of Common Stock included in such Placement Units in the event that a Business Combination is not consummated and the Trust Fund is liquidated in accordance with the terms of the Trust Agreement.
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Placement Unit Purchase Agreement. The Initial Stockholders have executed and delivered an agreement, annexed as Exhibit 10.7 10.19 to the Registration Statement (“Placement Unit Purchase Agreement”), pursuant to which the Initial Stockholders such parties have, among other things, purchased an aggregate of 333,334 166,667 Placement Units in the Private Placement. Pursuant to the Placement Unit Purchase Agreement, (i) $2,000,004 1,000,002 of the proceeds from the sale of the Placement Units will be deposited by the Company in the Trust Fund in accordance with the terms of the Trust Agreement prior to the Closing Date, and (ii) the purchasers of the Placement Units have waived any and all rights and claims they may have to any proceeds, and any interest thereon, held in the Trust Fund in respect of the shares of Common Stock included in such Placement Units in the event that a Business Combination is not consummated and the Trust Fund is liquidated in accordance with the terms of the Trust AgreementAgreeement.
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Placement Unit Purchase Agreement. The Initial Stockholders have Stockholder has executed and delivered an agreement, annexed as Exhibit 10.7 ___to the Registration Statement (“Placement Unit Purchase Agreement”), pursuant to which the Initial Stockholders haveStockholder has, among other things, purchased an aggregate of 333,334 ___Placement Units in the Private Placement. Pursuant to the Placement Unit Purchase Agreement, (i) $2,000,004 ___of the proceeds from the sale of the Placement Units will be deposited by the Company in the Trust Fund in accordance with the terms of the Trust Agreement prior to the Closing Date, and (ii) the purchasers of the Placement Units have waived any and all rights and claims they may have to any proceeds, and any interest thereon, held in the Trust Fund in respect of the shares of Common Stock included in such Placement Units in the event that a Business Combination is not consummated and the Trust Fund is liquidated in accordance with the terms of the Trust Agreement.
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