Common use of Transfer of Founder Shares Clause in Contracts

Transfer of Founder Shares. (a) The Sponsor hereby agrees to assign, transfer and convey to the Representative (and/or its designees) an aggregate of 60,869 Class B ordinary shares of the Company, par value $0.0001 per share (“Founder Shares”), or up to 69,999 Founder Shares if the Over-Allotment Option is exercised in full) to the Representative (the “Representative’s Shares”) on the terms and conditions set forth herein. The Company and the Representative intend for the Representative Shares to be underwriter’s compensation pursuant to Rule 5110 of the FINRA Manual. (b) Delivery for 69,999 Representative’s Shares shall be made on the closing date of the Underwriting Agreement. On such date, the Sponsor shall deliver to the Representative or its designees, such Representative’s Shares, and the Company will facilitate such transfer with its transfer agent so that such Representative’s Shares are delivered in book-entry form in the name or names and in such authorized denominations as the Representative may request.

Transfer of Founder Shares. (a) The Sponsor hereby agrees to assign, transfer and convey to the Representative (and/or its designees) an aggregate of 60,869 75,000 Class B ordinary shares of the Company, par value $0.0001 per share (“Founder Shares”), or up to 69,999 86,250 Founder Shares if the Over-Allotment Option is exercised in full) to the Representative (the “Representative’s Shares”) on the terms and conditions set forth herein. The Company and the Representative intend for the Representative Shares to be underwriter’s compensation pursuant to Rule 5110 of the FINRA Manual. (b) Delivery for 69,999 75,000 Representative’s Shares shall be made on the closing date of the Underwriting Agreement. On such date, the Sponsor shall deliver to the Representative or its designees, such Representative’s Shares, and the Company will facilitate such transfer with its transfer agent so that such Representative’s Shares are delivered in book-entry form in the name or names and in such authorized denominations as the Representative may request.

Transfer of Founder Shares. (a) The Sponsor hereby agrees to assign, transfer and convey to the Representative JonesTrading (and/or its designees) an aggregate of 60,869 26,087 Class B ordinary shares of the Company, par value $0.0001 per share (“Founder Shares”), or up to 69,999 30,000 Founder Shares if the Over-Allotment Option is exercised in full) to the Representative JonesTrading (the “Representative’s Shares”) on the terms and conditions set forth herein. The Company and the Representative JonesTrading intend for the Representative Shares to be underwriter’s compensation pursuant to Rule 5110 of the FINRA Manual. (b) Delivery for 69,999 30,000 Representative’s Shares shall be made on the closing date of the Underwriting Agreement. On such date, the Sponsor shall deliver to the Representative JonesTrading or its designees, such Representative’s Shares, and the Company will facilitate such transfer with its transfer agent so that such Representative’s Shares are delivered in book-entry form in the name or names and in such authorized denominations as the Representative JonesTrading may request.

Transfer of Founder Shares. (a) The Sponsor hereby agrees to assign, transfer and convey to the Representative (and/or its designees) an aggregate of 60,869 87,500 Class B ordinary shares of the Company, par value $0.0001 per share (“Founder Shares”), or up to 69,999 100,625 Founder Shares if the Over-Allotment Option is exercised in full) to the Representative (the “Representative’s Shares”) on the terms and conditions set forth herein. The Company and the Representative intend for the Representative Shares to be underwriter’s compensation pursuant to Rule 5110 of the FINRA Manual. (b) Delivery for 69,999 100,625 Representative’s Shares shall be made on the closing date of the Underwriting Agreement. On such date, the Sponsor shall deliver to the Representative or its designees, such Representative’s Shares, and the Company will facilitate such transfer with its transfer agent so that such Representative’s Shares are delivered in book-entry form in the name or names and in such authorized denominations as the Representative may request.