Common use of Terms of the Sponsor Warrants Clause in Contracts

Terms of the Sponsor Warrants. (i) Each Sponsor Warrant shall have the terms set forth in a Warrant Agreement to be entered into by the Company and a warrant agent, in connection with the Public Offering (a “Warrant Agreement”), and shall be subject to the terms of a letter agreement, dated as of the date hereof, to be entered into by the Company, the Purchaser and the other parties thereto, in connection with the Public Offering. (ii) At the time of, or prior to, the Initial Closing Date, the Company and the Purchaser shall enter into a registration rights agreement (the “Registration Rights Agreement”) pursuant to which the Company will grant certain registration rights to the Purchaser relating to the Sponsor Warrants and the Ordinary Shares underlying the Sponsor Warrants. (iii) The Purchaser hereby agrees not to transfer, assign or sell any of the Sponsor Warrants and the Ordinary Shares underlying the Sponsor Warrants, until 30 days after the Company’s completion of its initial business combination transaction. The foregoing transfer restrictions shall not apply to transfers by the Purchaser or by the recipient of any below-described transfer (such recipient, a “Permitted Transferee”): (a) to the Company’s officers or directors, any affiliates or family members of the Company’s officers or directors, any members of the Purchaser, or any affiliates of the Purchaser; (b) in the case of an individual, by gift to a member of the individual’s immediate family or to a trust, the beneficiary of which is a member of the individual’s immediate family or an affiliate of such person, or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of the individual;

Terms of the Sponsor Warrants. (i) Each Sponsor Warrant shall have the terms set forth in a Warrant Agreement to be entered into by the Company and a warrant agent, in connection with the Public Offering (a “Warrant Agreement”), and shall be subject to the terms of a letter agreement, dated as of the date hereof, to be entered into by the Company, the Purchaser and the other parties thereto, in connection with the Public Offering. (ii) At the time of, or prior to, the Initial Closing Date, the Company and the Purchaser shall enter into a registration rights agreement (the “Registration Rights Agreement”) pursuant to which the Company will grant certain registration rights to the Purchaser relating to the Sponsor Warrants and the Ordinary Shares underlying the Sponsor Warrants. (iii) The Purchaser hereby agrees not to transfer, assign or sell any of the Sponsor Warrants Warrants, , and the Ordinary Shares underlying the Sponsor Warrants, until 30 days after the Company’s completion of its initial business combination transaction. The foregoing transfer restrictions shall not apply to transfers by the Purchaser or by the recipient of any below-described transfer (such recipient, a “Permitted Transferee”): (a) to the Company’s officers or directors, any affiliates or family members of the Company’s officers or directors, any members of the Purchaser, or any affiliates of the Purchaser; (b) in the case of an individual, by gift to a member of the individual’s immediate family or to a trust, the beneficiary of which is a member of the individual’s immediate family or an affiliate of such person, or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of the individual;