Common use of Purchase and Issuance of the Private Placement Units Clause in Contracts

Purchase and Issuance of the Private Placement Units. Upon the terms and subject to the conditions of this Agreement: (a) The Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the Initial Closing Date (as defined below) the Private Placement Units set forth opposite the Subscriber’s name on Schedule I hereto (the “Initial Private Placement Units”), for $10.00 per Initial Private Placement Unit, payable by the Subscriber at least one (1) business day prior to the Initial Closing Date by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, to the trust account (the “Trust Account”) at a financial institution to be chosen by the Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee (“Continental”). On the Initial Closing Date, the Company shall, subject to receipt of funds pursuant to the immediately prior sentence, at its option, deliver to the Subscriber the certificates representing the Initial Private Placement Units purchased by the Subscriber or effect such delivery in book-entry form. (b) In the event the Over-allotment Option is exercised in full or in part, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, up to the additional number of Private Placement Units set forth opposite the Subscriber’s name on Schedule I hereto (the “Additional Private Placement Units”), in the same proportion as the amount of the Over-allotment Option that is then exercised, and simultaneously with such purchase of Additional Private Placement Units, as payment in full for the Additional Private Placement Units being purchased hereunder, and at least one (1) business day prior to such closing of all or any portion of the Over-allotment Option, the Subscriber shall pay $10.00 per Additional Private Placement Unit, by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, to the Trust Account.

Purchase and Issuance of the Private Placement Units. Upon the terms and subject to the conditions of this Agreement: (a) The Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the Initial Closing Date (as defined below) the 425,200 Private Placement Units set forth opposite the Subscriber’s name on Schedule I hereto (the “Initial Private Placement Units”), for $10.00 per Initial Private Placement Unit, payable by the Subscriber at least one (1) business day prior to the Initial Closing Date by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, Company as follows: (i) $1,452,000 to the trust account (the “Trust Account”) at a financial institution to be chosen by the Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee (“Continental”), at least one (1) business day prior to the Initial Closing Date, and (ii) $2,800,000 to the Company, at a financial institution to be chosen by the Company, on the Initial Closing Date. On the Initial Closing Date, the Company shall, subject to receipt of funds pursuant to the immediately prior sentence, at its option, deliver to the Subscriber the certificates representing the Initial Private Placement Units purchased by the Subscriber or effect such delivery in book-entry form. (b) In the event the Over-allotment Option is exercised in full or in part, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, up to the additional number of 21,780 Private Placement Units set forth opposite the Subscriber’s name on Schedule I hereto (the “Additional Private Placement Units”), in the same proportion as the amount of the Over-allotment Option that is then exercised, and simultaneously with such purchase of Additional Private Placement Units, as payment in full for the Additional Private Placement Units being purchased hereunder, and at least one (1) business day prior to such closing of all or any portion of the Over-allotment Option, the Subscriber shall pay $10.00 per Additional Private Placement Unit, by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, to the Trust Account.

Purchase and Issuance of the Private Placement Units. Upon the terms and subject to the conditions of this Agreement: (a) The Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the Initial Closing Date (as defined below) the 475,950 Private Placement Units set forth opposite the Subscriber’s name on Schedule I hereto (the “Initial Private Placement Units”), for $10.00 per Initial Private Placement Unit, payable by the Subscriber at least one (1) business day prior to the Initial Closing Date by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, Company as follows: (i) $1,959,500 to the trust account (the “Trust Account”) at a financial institution to be chosen by the Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee (“Continental”), at least one (1) business day prior to the Initial Closing Date, and (ii) $2,800,000 to the Company, at a financial institution to be chosen by the Company, on the Initial Closing Date. On the Initial Closing Date, the Company shall, subject to receipt of funds pursuant to the immediately prior sentence, at its option, deliver to the Subscriber the certificates representing the Initial Private Placement Units purchased by the Subscriber or effect such delivery in book-entry form. (b) In the event the Over-allotment Option is exercised in full or in part, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, up to the additional number of 29,393 Private Placement Units set forth opposite the Subscriber’s name on Schedule I hereto (the “Additional Private Placement Units”), in the same proportion as the amount of the Over-allotment Option that is then exercised, and simultaneously with such purchase of Additional Private Placement Units, as payment in full for the Additional Private Placement Units being purchased hereunder, and at least one (1) business day prior to such closing of all or any portion of the Over-allotment Option, the Subscriber shall pay $10.00 per Additional Private Placement Unit, by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, to the Trust Account.

Purchase and Issuance of the Private Placement Units. Upon the terms and subject to the conditions of this Agreement: (a) The Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the Initial Closing Date (as defined below) the 446,000 Private Placement Units set forth opposite the Subscriber’s name on Schedule I hereto (the “Initial Private Placement Units”), for $10.00 per Initial Private Placement Unit, payable by the Subscriber at least one (1) business day prior to the Initial Closing Date by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, Company as follows: (i) $2,460,000 to the trust account (the “Trust Account”) at a financial institution to be chosen by the Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee (“Continental”), at least one (1) business day prior to the Initial Closing Date, and (ii) $2,000,000 to the Company, at a financial institution to be chosen by the Company, on the Initial Closing Date. On the Initial Closing Date, the Company shall, subject to receipt of funds pursuant to the immediately prior sentence, at its option, deliver to the Subscriber the certificates representing the Initial Private Placement Units purchased by the Subscriber or effect such delivery in book-entry form. (b) In the event the Over-allotment Option is exercised in full or in part, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, up to the additional number of 36,900 Private Placement Units set forth opposite the Subscriber’s name on Schedule I hereto (the “Additional Private Placement Units”), in the same proportion as the amount of the Over-allotment Option that is then exercised, and simultaneously with such purchase of Additional Private Placement Units, as payment in full for the Additional Private Placement Units being purchased hereunder, and at least one (1) business day prior to such closing of all or any portion of the Over-allotment Option, the Subscriber shall pay $10.00 per Additional Private Placement Unit, by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, to the Trust Account.