Common use of Private Placement Unit Purchase Agreements Clause in Contracts

Private Placement Unit Purchase Agreements. The Company has executed and delivered (x) to the Sponsor a certain private placement unit purchase agreement, the form of which is filed as an exhibit to the Registration Statement (the “Sponsor Private Placement Unit Purchase Agreement”) and (y) to US Tiger a certain private placement unit purchase agreement, the form of which is filed as an exhibit to the Registration Statement( the “Representative Private Placement Unit Purchase Agreement”, together with the Private Placement Unit Purchase Agreement, the “Private Placement Unit Purchase Agreements”), pursuant to which: (i) the Sponsor, among other things, agreed to purchase an aggregate of 434,250 Placement Units in the Private Placement (and up to an additional 44,625 Additional Placement Units in the Additional Private Placement if the Over-allotment Option is exercised in full); and (ii) US Tiger, among other things, agreed to purchase an aggregate of 20,000 Placement Units in the Private Placement. All of the proceeds from the sale of the Placement Units and Additional Placement Units, if any, will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement prior to the Closing.