Private Placement Units Purchase Agreement. The Sponsor has executed and delivered a private placement units purchase agreement, the form of which is filed as an exhibit to the Registration Statement (the “Private Placement Units 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 purchased in the Unit Private Placement. Pursuant to the Private Placement Units Purchase Agreement, (i) the Sponsor has waived any and all rights and claims it 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 Units will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement on the Closing Date.
Private Placement Units Purchase Agreement. The Private Placement Units Purchase Agreement has been duly authorized, executed and delivered by the Company and the Sponsor, and is a valid and binding agreement of the Company and the Sponsor, enforceable against the Company and the Sponsor in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors’ rights generally from time to time in effect and by equitable principles of general applicability.
Private Placement Units Purchase Agreement. The Sponsor has executed and delivered a Private Placement Units Purchase Agreement, the form of which is filed as an exhibit to the Registration Statement (the “Private Placement Units 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 and the Option Placement Units as provided for in such Private Placement Units Purchase Agreement. Pursuant to the Private Placement Units 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) except as provided otherwise regarding the Option Placement Units, 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 Units Purchase Agreement.
Private Placement Units Purchase Agreement. The Company has executed and delivered to the Sponsor a certain private placement units purchase agreement, the form of which is filed as an exhibit to the Registration Statement (collectively, the “Private Placement Units Purchase Agreement”), pursuant to which: (i) the Sponsor, among other things, agreed to purchase an aggregate of 496,802 Placement Units in the Private Placement (and up to an additional 50,625 Additional Placement Units in the Additional Private Placement if the Over-allotment Option is exercised in full). 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.
Private Placement Units Purchase Agreement. A Private Placement Units Purchase Agreement has been duly authorized, executed and delivered by the Company and the Sponsor (the “Private Placement Units Purchase”), pursuant to which the Sponsor has agreed to purchase an aggregate of 327,500 Placement Units (or 350,000 Placement Units if the Over-allotment Option is exercised in full) at a price of $10.00 per unit for an aggregate purchase price of $3,275,000 (or $3,500,000 if the Over-allotment Option is exercised in full), in a private placement that will close simultaneously with the Closing. The Private Placement Units Purchase Agreement is a valid and binding agreement of the Company and Sponsor, enforceable against the Company and the Sponsor in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors’ rights generally from time to time in effect and by equitable principles of general applicability.
