Common use of Private Placement Unit Purchase Agreement Clause in Contracts

Private Placement Unit Purchase Agreement. The Sponsor has executed and delivered a Private Placement Unit Purchase Agreement, substantially in the form filed as an exhibit to the Registration Statement (the “Private Placement Unit Purchase Agreement”), pursuant to which the Sponsor will, among other things, on the Closing Date, consummate the purchase of and deliver the purchase price for the Placement Units as provided for in such Private Placement Unit Purchase Agreement. Pursuant to the Private Placement Unit Purchase Agreement, (i) the Sponsor has waived any and all rights and claims each may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Placement Securities, and (ii) the proceeds from the sale of the Placement Securities will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement on the Closing Date as provided for in the Private Placement Unit Purchase Agreement.

Private Placement Unit Purchase Agreement. The Sponsor has executed and delivered a Private Placement Unit Purchase Agreementprivate placement unit purchase agreement, substantially in the form of which is filed as an exhibit to the Registration Statement (the “Private Placement Sponsor Unit Purchase Agreement”), pursuant to which the Sponsor will, among other things, on the Closing Date, consummate the purchase of and deliver the purchase price for the Placement Units as provided for in such Private Placement the Sponsor Unit Purchase Agreement. Pursuant to the Private Placement Sponsor Unit Purchase Agreement, (i) the Sponsor has waived any and all rights and claims each may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Placement Securities, and (ii) the proceeds from the sale of the Placement Securities will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement on the Closing Date as provided for in the Private Placement Sponsor Unit Purchase Agreement.