Common use of Private Placement Units Purchase Agreement Clause in Contracts

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 Sponsor has executed and delivered a private placement units purchase agreementPrivate 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 as provided for in the Unit such Private PlacementPlacement Units Purchase Agreement. Pursuant to the Private Placement Units Purchase Agreement, (i) the Sponsor has waived any and all rights and claims it 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 Units Securities will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement on the Closing DateDate as provided for in the Private Placement Units Purchase Agreement.